Celanese corporation and beijing oriental yuhong waterproof technology co., ltd. sign strategic cooperation agreement to promote sustainable development of waterproofing technologies

Celanese corporation (and beijing oriental yuhong waterproof technology co., ltd. announced they have signed a comprehensive strategic cooperation and development agreement. the agreement aims to further expand cooperation in product research and development, expansion into emerging markets, and the advancement of industry, safety and environmental protection practices and sustainability. key components of the strategic cooperation agreement include the sharing of information and practices in the use of emulsions for waterproofing applications. additionally, the companies will evaluate where celanese can develop new product applications for use in oriental yuhong’s waterproofing business. furthermore, the companies will begin the sharing of product development information and engage in discussions around plant productivity and sustainability in order to drive cost savings and identify potential opportunities for improving production and operational sustainability. finally, the companies are expected to evaluate potential new supply arrangements in the asia-pacific region.
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