Shandong Hengfeng Rubber & Plastic Co., Ltd. signed a cooperation agreement with Thailand rubber administrator on May 15 at the 8th China (Guangrao) International Rubber Tire & Auto Accessory Exhibition.
The two sides will establish long-term strategic partnership in terms of R&D in rubber-based new products and rubber supply chain.
It is the first time for the Thai rubber administrator, representing the Thailand government, to cooperate with a private Chinese company.
According to the agreement, Hengfeng Rubber & Plastic will make requests for the performance indicators of new rubber materials, while Thailand rubber administrator will appoint local state-owned enterprises to develop and manufacture.
The first deal of the two sides contains natural rubber of 60,000 tons, which will increase further.
