Hongchuan Materials and Hongyan Chemical have reached a strategic cooperation agreement

On December 5, 2025, the signing ceremony for the strategic cooperation between Guangdong Hongchuan New Material Co., Ltd. and Fujian Hongyan Chemical Co., Ltd. was successfully held at the headquarters of Hongchuan Group.

Lu Xianghong, President of Hongyan Chemical, Lin Haichuan, Chairman of Hongchuan Group, Wu Zhiguang, Vice President of Hongchuan Wisdom, Zhang Liang, General Manager of Hongchuan New Materials, Yang Yong, Senior Vice General Manager, Yan Xueliang, Senior Vice Director, and other core leaders from both parties jointly attended the signing ceremony to witness this important moment of cooperation.

This signing marks the official establishment of a deep strategic partnership between the two parties, focusing on the fields of specialty chemicals such as cellulose acetate (CA), cellulose acetate butyrate (CAB), and cellulose acetate propionate (CAP). By integrating advantageous resources, they will work together to overcome industry technical barriers, fully promote the localization process of these products, and solve the long-standing "bottleneck" problems.

As a deep player in the field of cellulose esters, Hongyan Chemical has established an integrated technology development system encompassing laboratory research and development, pilot scale-up, and large-scale production. The quality of its self-developed cellulose ester products meets relevant testing standards in the United States and the European Union. These products are widely used in various key fields such as coatings, tobacco filters, food packaging, children's toys, and medical materials, demonstrating solid technical foundation and product strength.

As the core subsidiary of Hongchuan Group's trading sector, Hongchuan New Materials has been deeply involved in the chemical industry for a long time. It not only possesses extensive product application market channels but also has professional and solid technical service capabilities, which can provide strong support for product market implementation and customer service. The cooperation between the two parties has achieved complementary advantages in technology research and development and market channels, which will inject strong impetus into the application upgrading and industrial innovation of high-end cellulose ester materials in multiple fields.

Hongchuan New Materials stated that this strategic cooperation marks an important milestone in the company's development of specialty chemicals business. In the future, Hongchuan New Materials will always adhere to the "customer-centric" philosophy, continuously promote product and service upgrades, and provide our customers with higher-quality products and more comprehensive service solutions with an honest and pragmatic attitude. While contributing to the localization and substitution of specialty chemicals, we will also contribute to the high-quality development of the industry.