# Highsun Group and AKRO-PLASTIC form engineering materials joint venture in China

Fujian Highsun Engineering Plastics and AKRO-Plastic GmbH signed a contract to establish a joint venture, Highsun AKRO Engineering Materials (Changzhou) Co., Ltd., with HEP holding 51% and AKRO 49%. The JV will acquire 51% of AKRO's existing Changzhou facility to produce high-end engineering materials for Greater China.

- Type: Acquisition
- Announced: 2022-01-17
- Where: Changzhou, China, China
- Status: announced
- Products: engineering materials, polyamide compounds
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Highsun Holdings Group](https://endata.com/companies/31929.md) (acquirer)
- [Akro Plastic GmbH](https://endata.com/companies/44027.md) (acquirer)
- [Highsun AKRO Engineering Materials (Changzhou) Co., Ltd.](https://endata.com/companies/60388.md) (target)

## Sources

- [akro-plastic.com.cn](https://www.akro-plastic.com.cn/en/news/highsun-group-and-akro-plastic-gmbh-announce-their-engineering-materials-compounding-joint-venture-in-china/), 2022-01-17: "This joint venture is a big leap for the Highsun Group. It is the group’s first foray into Engineering Materials in which it has a strategic ambition to develop a leadership position..."

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