# Shawmut LLC forms joint venture with Dejun Textiles in China

Shawmut LLC and Zhejiang Dejun New Material Co., Ltd. announced an exclusive equity joint venture to produce automotive interior fabrics in China, giving Shawmut ownership and vertical control of production.

- Type: Acquisition
- Announced: 2023-05-11
- Where: Haining, China
- Status: announced
- Products: automotive interior fabrics
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Shawmut Corporation](https://endata.com/companies/7621.md)
- [Zhejiang Dejun New Material Co., Ltd.](https://endata.com/companies/70222.md) (partner)

## Sources

- [prweb.com](https://www.prweb.com/releases/shawmut-llc-secures-direct-stake-in-china-production-operations-through-joint-venture-agreement-with-dejun-textiles-801079256.html), 2023-05-11: "This significant expansion of Shawmut's Asia-footprint demonstrates our long-term commitment to the region, and to the Chinese market."

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