Italian Papermaker Gruppo Cordenons Announces Joint Venture with Paoyan Industrial Technologies (Shanghai) Ltd.Co. for Casting Release Liner.
MILANO, Italy (July 8, 2013) Gruppo Cordenons Spa announces that is has entered into a joined venture with Pao Yan Tase Yih Co.,Ltd to manufacture and commercialize casting release liner paper products for the manufacturing of artificial leather.
Gruppo Cordenons, headquartered in Milano, Italy, with production locations in Northern Italy, has partnered with Taiwan headquartered Pao Yan Tase Yin Co., Ltd., with production locations in Taiwan and Shanghai, and have founded the new joint venture company, named Paoyan Cordenons (Shanghai) Co., Ltd.
From this new Shanghai based company, the world leading technical and manufacturing capabilities of both companies come together to ensure the highest state of the art quality of the casting release liner papers.
“This joined venture is an important step in servicing the market for synthetic leather with the highest level of service, and based on cost-leadership”, said Ferruccio Gilberti, owner and president of Gruppo Cordenons. “Our customers are in the premium end of products and with our expertise and making capabilities, combined with the specialized know-how of Paoyan Tase Yih in the area of BOPP films and extrusion coating, we guarantee the best offer for both the customers based in Asia and other parts of the world.”
“We are very pleased to announce this partnership,” said Huang Chingfang, president of Pao Yan Tase Yin Co., Ltd. “Our expertize in extrusion and the manufacturing of BOPP films, combined with the specialized paper making capabilities of Cordenons will surely create value for our customers”.
Gilberti noted that this joined venture is a further step in the continuous development of key markets for both graphical and industrial products. “We look across borders to further strengthen our presence in strategic markets” says Gilberti.