Core Viewpoint - Fenglin Group has signed a cooperation agreement with Hong Kong-listed company Xinbao Global Holdings to jointly explore the EU market for engineered wood products, aiming to enhance market share and brand influence in the region [1][2] Group 1: Cooperation Agreement Details - The cooperation agreement is aimed at developing the EU market for engineered wood and related products, establishing an efficient sales and service network, and exploring deeper industrial cooperation, including potential joint ventures [1] - The agreement allows Xinbao Global's subsidiary, Huitong Resources, to act as a regional agent for Fenglin Group's engineered wood products in Romania, Serbia, Croatia, Germany, France, and Italy [1] - The cooperation period is set for one year, with automatic renewal options unless either party objects [1] Group 2: Company Background and Market Context - Fenglin Group, founded in 1996, is a leading integrated wood and board group in China, with significant production capabilities and advanced equipment [2] - The company has a total production capacity of 1.8 million cubic meters across three fiberboard production bases and three particleboard manufacturing bases [2] - The engineered wood industry is currently facing challenges such as demand differentiation, cost pressures, and intensified competition, prompting Fenglin Group to focus on both domestic and emerging overseas markets [2]
丰林集团:拟与汇通资源 共同开拓欧盟市场