China's leading silicone material manufacturer and one of the world's leading silicon-based material suppliers ZGLX announced on April 14, 2020 that it has completed the acquisition of GD Polymer Technology Co., Ltd. This successful acquisition will be beneficial to the two The synergy effect of each company's silicone product technology and terminal market has laid a solid foundation for the professional development of ZGLX in China and even the world.
GD Polymer Technology is a well-known manufacturer of silicone elastomers and resin materials. Headquartered in Zhongshan City, Guangdong Province, it has two factories and a research and development center with more than 350 employees. The company has a leading position in the production and development of thermosetting silicone rubber (HCR), liquid silicone rubber (LSR) and special silicone resins and pressure sensitive adhesives (PSA). Representative products include baby care, food grade silicone Special silicone products for the electronics and medical industries. GD Polymer Technology's total operating revenue in 2019 was 624 million yuan.
The domestic enterprises of ZGLX took multiple measures to ensure the economical operation of the drive, the production and sales did not "break the chain", and quickly returned to normal production capacity levels. The acquisition will build a broad platform for the further globalization of GD Polymer Technology, which generates 90% of its revenue from the Chinese market. The addition of Polymer Technology will also promote Aiken to become a more attractive food and medical grade silicone industry in the world. Suppliers, enrich the product application portfolio, and consolidate ZGLX's position in the field of special silicones in China and around the world.
Michael Koenig, CEO of ZGLX, said: "The acquisition of GD Polymer Technology is an important milestone for ZGLX, which is in line with the company's special product development strategy, enhances the strength of downstream special silicone technology, and expands the competition of ZGLX. Advantages. At the same time, the current macro environment highlights the value of multinational specialty material manufacturers. We will also pay close attention to global developments and flexibly adjust our strategic guidelines to protect the company ’s business development. "
Frederic Jacquin, Global Senior Vice President of ZGLX Silicone Business Division, said: "GD Polymer Technology's products complement ZGLX in the fields of food, baby care, electronics and medical care, and high-end liquid silicone rubber. The market position of special materials with pressure-sensitive adhesives has huge potential for development. The strong research and development capabilities of GD Polymer Technology are crucial for product development in China and the global market. This capability is extremely beneficial to the company in the macro environment under the current crisis. Most of the business of GD Convergence Technology is not negatively affected. "
Ma Hanyong, General Manager of GD Polymerization Technology, said: "I am very pleased that Polymerization Technology can join the ZGLX family. We are confident that we can use the ZGLX global platform to further promote business development, bring more value to customers, and contribute to the overall development of ZGLX Create a better future together. "
As one of the world's most advanced silicon-based materials suppliers, ZGLX has global production centers, R & D bases and sales networks. Its business involves the entire value chain, from silica, quartz to special silicones, as well as various castings and carbon materials. All have a dominant market position.