# BASF and Huafon sign strategic cooperation agreement for PU market in China

BASF and Huafon Group signed a strategic cooperation agreement to develop the polyurethane, bio-fibre and spandex markets in China, focusing on technical exchange, market development, and raw material supply.

- Type: Partnership
- Announced: 2018-11-26
- Where: China
- Status: announced
- Products: polyurethane, bio-fibre, spandex
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (partner)
- [Huafon Group](https://endata.com/companies/35674.md) (partner)

## Sources

- [plasticsandrubberasia.cn](https://www.plasticsandrubberasia.cn/en/news/basf-and-huafon-to-develop-pu-market-in-china-henkel-to-acquire-jempak-for-c118-mn/), 2018-11-26: "BASF and Huafon will jointly promote the growth of the PU market in China, especially in the Western region."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.