Zotefoams plc (LON:ZTF) CFO Gary McGrath joins DirectorsTalk Interviews to discuss a Global Alliance Agreement with Shincell.
In this interview Gary covers the recent Global Alliance Agreement between Zotefoams and Suzhou Shincell. Gary discusses how this agreement will enhance Zotefoams’ technology by incorporating Shincell’s complementary foaming technology, which utilises a mix of carbon dioxide and nitrogen, different from Zotefoams’ existing nitrogen process. This partnership aims to expand product offerings and explore new markets, particularly targeting the sports, leisure, and industrial sectors in China, including the footwear and automotive industries.
Gary also outlines the financial aspects of the deal, including an RMD 80 million investment that will facilitate technological and R&D advancements, and provides a brief look ahead at Zotefoams’ strategic plans involving potential capital investments and market explorations in Europe and North America.
Zotefoams plc (LON: ZTF) is a world leader in cellular material technology that is well positioned with well invested, differentiated assets and a clear strategy for organic growth.
