As society pays more and more attention to sustainable development and environmental protection, emerging environmentally friendly paper packaging materials have become a new trend in the industry. Fulai New Materials joins hands with upstream and downstream partners to jointly promote the sustainable development of packaging materials.

On November 6, Fulai New Materials, Dow Company and Nanwang Technology announced the signing of a memorandum of understanding on strategic cooperation, in which the three parties will carry out in-depth cooperation in the field of environmentally friendly packaging materials and jointly promote the sustainable development of the packaging industry in all links of the industrial chain.

On behalf of the three parties, Mr. Li Yaobang, General manager of our company, Mr. Wang Xianfang, Executive Vice President of Nanwang Technology, and Mr. Dave Speece, Commercial Director of Dow's Coating Materials Business Unit in Asia Pacific, signed the Memorandum of Understanding on strategic cooperation. The three parties will focus on the application of coated paper and paperboard, give full play to Dow's leading role in the field of materials, Fulai's expertise in paper coating, Nanwang Technology's grasp of the end demand for packaging materials, establish a series of industrial chains, and promote the sustainable development of multi-field applications of paper products. Through this cooperation, the three parties will complement each other's resources, realize a strong alliance, and open up new markets and opportunities through cooperation to achieve greater business value.

Water-based coating paper packaging field is the "paper plastic replacement" industry driven by the emerging field, Fulai new materials rooted in the coating field for many years, has a rich coating process capabilities and coating formulation research and development capabilities. This tripartite cooperation is an important attempt by Fulai New Materials in the field of packaging materials, which not only represents a deep collaboration between Fulai New Materials and upstream and downstream partners, but also a common prospect and expectation for the future.