Hernon Manufacturing, ShenZhen Dover Technology Ink Deal to Establish Chinese JV

Provider of innovative sealing and adhesive technologies, Hernon Manufacturing has inked a joint venture deal with the ShenZhen Dover Technology, a China-based company, to establish a new joint venture called Hernon Dover.

As per the deal, Hernon Dover will offer repackaging, product endorsement and direct order fulfillment to its current network of Chinese suppliers and direct clients. The new joint venture’s initial task is to explore the opportunities to widen the utilization of Hernon’s high performance sealants and adhesives in the speaker and electronics production segments. Both companies are also planning an expansion into various industries, as Hernon Dover will get access to sell its extensive product portfolio comprising more than 300 products.

The new Hernon Dover label will provide several benefits to the Chinese customers. The products can be packaged and marketed locally and thus customers can experience reduced expenditures. As order fulfillment and endorsement will be done locally in ShenZhen, the joint venture can provide more responsive and quicker customer service. The joint venture can access new market segments, which procure chemicals from China.

The Chief Executive Officer at Hernon Manufacturing, Harry Arnon, commented that the company is happy about the joint venture deal with the local distributor as it is a perfect fit for its overall growth strategy to expand its products to new market segments.

The President of Hernon Dover, Paul Ye stated that the demand for industrial grade sealants and adhesives is higher than the existing available supply in China.

Source: http://www.hernon.com

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Hernon Manufacturing, Inc.. (2019, February 09). Hernon Manufacturing, ShenZhen Dover Technology Ink Deal to Establish Chinese JV. AZoM. Retrieved on May 18, 2024 from https://www.azom.com/news.aspx?newsID=28669.

  • MLA

    Hernon Manufacturing, Inc.. "Hernon Manufacturing, ShenZhen Dover Technology Ink Deal to Establish Chinese JV". AZoM. 18 May 2024. <https://www.azom.com/news.aspx?newsID=28669>.

  • Chicago

    Hernon Manufacturing, Inc.. "Hernon Manufacturing, ShenZhen Dover Technology Ink Deal to Establish Chinese JV". AZoM. https://www.azom.com/news.aspx?newsID=28669. (accessed May 18, 2024).

  • Harvard

    Hernon Manufacturing, Inc.. 2019. Hernon Manufacturing, ShenZhen Dover Technology Ink Deal to Establish Chinese JV. AZoM, viewed 18 May 2024, https://www.azom.com/news.aspx?newsID=28669.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.