BASF and Garden Group deepen strategic partnership, focus on sustainable and innovative solutions
Latest News: BASF and Garden Group today signed a strategic cooperation agreement to strengthen cooperation in various aspects including raw material supply, market expansion, product development, etc. Industry customers provide high-quality innovative solutions.
BASF and the Garden Group have a history of cooperation for nearly ten years. According to the signed strategic cooperation intention agreement, BASF will continue to provide high-quality raw materials for the garden. At the same time, with BASF’s deep expertise in the chemical industry and a wide range of innovative solutions, the two parties will strengthen cooperation in the fields of metal surface treatment technology, pharmaceutical materials and green packaging materials, and further support the development of both parties in key strategic industries.
Dr. Lou Jianfeng, Chairman and President of BASF Greater China, said: “The Garden Group is a domestic leader in the fields of high-end manufacturing, new energy, and new materials, and there is a broad space for cooperation and development with BASF. As a strategic partner, we will further Expand cooperation areas to better serve customers in multiple markets and meet their growing demand for high-quality products.”
The Garden Group, headquartered in Dongyang, Zhejiang, ranks among the top 500 private enterprises in China and owns 8 national high-tech enterprises. Shao Qinxiang, Chairman and President of Garden Group, said: “This signing is the fruit of in-depth exchanges and cooperation between the two parties. Garden Group and BASF will further leverage the advantages of both parties, further expand cooperation areas, and achieve mutual benefit and common development.”
About Garden Group
Garden Group is a national enterprise group with more than 50 wholly-owned and holding companies. Since the establishment of a candle factory and a garment factory in 1981, Huayuan Group, after more than 40 years of entrepreneurial innovation, currently has five major industries: biology and medicine, new energy and new materials, mahogany furniture and wood products, new building materials and construction, cultural tourism and education health. In 2021, the Garden Group will achieve an operating income of 36 billion yuan and a total profit and tax of 1.5 billion yuan. For more information, please visit: http://gardencn.com/.
About BASF
At BASF, we create a new role for chemistry – in pursuit of a sustainable future. We combine economic success, social responsibility and environmental protection. With more than 111,000 employees worldwide, BASF contributes to customer success in virtually all countries and industries. Our products are organized into six business areas: Chemicals, Materials, Industrial Solutions, Surface Technology, Nutrition and Care, and Agricultural Solutions. In 2021, BASF’s global sales will be approximately 78.6 billion euros. BASF’s shares are listed on the Frankfurt (BAS) stock exchange and are traded on the US stock market in the form of American Depositary Receipts (BASFY).