Log In | Become a Member | Contact Us

Market Intelligence for Printing and Publishing

Connect on Twitter | Facebook | LinkedIn

Featured:     M&A Trends     Production Inkjet     Installations and Placements Tracker

The Felix Schoeller Group (Germany) and the Welbon Group (China) Enter Into Joint Venture

Thursday, January 26, 2017

Press release from the issuing company


The Felix Schoeller Group, the specialty paper manufacturer headquartered in Osnabrück, Germany, and the Welbon Group of Hangzhou, China, who trade in pulp and manufacture specialty papers, signed a cooperation agreement on 18 January 2017. The agreement establishes a 50/50 joint venture: Winbon Schoeller New Materials Co. Ltd. The new company's headquarters are in Longyou in Zhejiang province in the People’s Republic of China. 

“The joint venture is the result of two years of intensive talks and planning sessions with the Welbon Group,“ says Dr Bernhard Klofat, CEO of the Felix Schoeller Group. “It is a way for us to create a platform to manufacture specialty papers in China, which is set to hold a leading position in the Asia-Pacific region in the next years.“ By pooling the two companies’ technological competencies in research, development and production and our knowledge of the market and products the joint venture will be able to develop and produce decor papers, papers for food and pharmaceutical packaging, wallpaper base, sublimation papers, release and casting liners and other high-quality specialty papers and market them in the Asian region. The agreements also include an extensive investment programme. 



Post a Comment

To post a comment Log In or Become a Member, doing so is simple and free



Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2018 WhatTheyThink. All Rights Reserved