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20.10.2017 - 17:37

DGAP-News: Decheng Technology AG discusses potential cooperation with major Chinese food company



DGAP-News: Decheng Technology AG / Key word(s): Miscellaneous


Decheng Technology AG discusses potential cooperation with major Chinese food company


20.10.2017 / 17:37



The issuer is solely responsible for the content of this announcement.



CORPORATE NEWS October 20, 2017

Decheng Technology AG discusses potential cooperation with major Chinese food company



- Regulations encourage the use of water-based PUs in food packaging



- CEO ZHU: "Market opportunity for our company"





Cologne, October 20, 2017. Decheng Technology AG (ISIN: DE000A1YDDM9; German Securities Identification Number (WKN): A1YDDM; ticker symbol: 333), a Chinese manufacturer of polyurethane resin and additives, announces that the Group have met with representatives of a major Chinese food company to discuss a potential future cooperation.


The Purchasing Director of Dali Foods Group (listed on the Hong Kong Stock Exchange, code 3799), Mr. Chen, and his colleagues visited Decheng Group to discuss a potential cooperation project with respect to water-based polyurethanes to be used in food packaging. Dali Food Group has assessed Decheng Group's ability to comply to Dali Foods Group's standards of colour printing and packaging. Dali Foods Group is a well-known Chinese Food company with popular brands such as Daliyuan, Copico or Heqizheng.


ZHU Xiaofang, Decheng Technology AG's CEO, commented: "With possible projects like this, Decheng Group's future performance and visibility could be greatly improved. Although it is still early days, we hope that we can come to an agreement. We also expect the regulations introduced by the Chinese government encouraging the use of water-based polyurethanes for food packaging will open up new market potential for our company."


About Decheng Technology AG

Decheng Technology AG is occupied with the research, development and the production of polyurethane resin and additives that enhance and improve the product features of textiles, leather and electronic components. The production site is located in Quangang, Quanzhou City, Fujian Province, People's Republic of China. In fiscal year 2016, the Company achieved sales of EUR 75.8 million, an operating result of EUR 25.4 million and employed 119 persons. The shares of Decheng Technology AG are listed in the General Standard Segment of the Frankfurt Stock Exchange.






Contact:

VPC Group

Frankfurt Branch

Bleichstr. 64-66

60313 Frankfurt

Germany

+49 69 175371963

ir@dechengtechnology.com














20.10.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de























Language: English
Company: Decheng Technology AG

Martin-Luther-Platz 26

40212 Düsseldorf

Germany
Phone: +49 (0)211-78179033
E-mail: contact@dechengtechnology.com
Internet: www.dechengtechnology.com
ISIN: DE000A1YDDM9
WKN: A1YDDM
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Tradegate Exchange





 
End of News DGAP News Service





621057  20.10.2017 



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