Shanghai, PRC, Mississauga, Canada, December 24, 2018 – Yanfeng and Woodbridge are pleased to announce a new joint venture taking effect on December 24, 2018.
This new partnership, called Yanfeng Woodbridge Lightweight Composites Co., Ltd., strengthens both companies as top automotive suppliers in the manufacturing and selling of particle foam. This collaboration will primarily consist of the production of EPP (Expanded Polypropylene) as well as other bead foam products, for automotive product applications, including automotive seat structures, luggage compartments, steering wheels, door panels, bumpers and other energy absorbing components, automotive packaging and dunnage.
The first manufacturing facility will be located in Jintan, Changzhou, Jiangsu Province, China, due to start production in the middle of 2019, servicing several significant automakers and automotive suppliers.
“This collaboration will largely promote the application of lightweight materials in the market, which will make contribution to lightweight development of Chinese automotive market. Meanwhile, we will enhance the vertical integration of our business through this opportunity. ” Mr. Wang Weizhong, Deputy General Manager of Yanfeng.
“We are thrilled about this new partnership with Yanfeng to support our valued customers in this growing market. The key strengths of both organizations complement one another and allow for further innovations in lightweight advanced materials to the region.” Charles Daly, President & CEO, Woodbridge.
Yanfeng is the global leader of automotive supplier, focusing on interior, exterior, seating, cockpit electronics and passive safety. As a global company based in China, the overseas business accounts for over a quarter, and there are more than 230 footprints worldwide with total employees of more than 65,000.
Centering on “intelligent cabin” and “lightweight technology,” the company supports automakers to explore the intelligent level under the high-end moving scenarios, and provides flexible and sustainable product solutions. Besides, Yanfeng dedicates to bring a better human-vehicle interaction for global automotive consumers by creating a more intelligent, comfortable and safe moving space. For more information, please visit www.yanfeng.com.
Woodbridge offers innovative material technologies for applications in automotive, commercial, recreational, packaging, healthcare and building products. In the 40-year span from its first plant in Woodbridge, Canada, Woodbridge has grown with more than 50 locations in 23 countries. In addition to its manufacturing operations, Woodbridge offers a full complement of services including: chemical research and development, product and process engineering, tooling, technical support and accredited laboratory testing. For more information, please visit www.woodbridgegroup.com.