Weifang Rainbow and Hebang Biotechnology sign strategic cooperation agreement to jointly expand glyphosate market

On 11 June, 2024, Shandong Weifang Rainbow ChemicalCo., Ltd. (Weifang Rainbow) and Sichuan Hebang Biotechnology Co., Ltd. (HebangBiotechnology) inked the "Rainbow & Hebang Strategic CooperationAgreement".

Wang Wencai, Chairman of Weifang Rainbow, and HeZhenggang, Chairman of the Board of Directors of Hebang Group, jointly attendedthe signing ceremony to formally execute the strategic cooperation agreementand held in-depth discussions regarding subsequent collaboration strategies.

Weifang Rainbowis firmly committed to building a global rapid market entry platform to broadenthe company's growth prospects. Leveraging this platform, the company adheresto an open strategy and forges deep partnerships with outstanding upstream anddownstream players for crucial active ingredients in key markets, aiming tobalance the interests of all stakeholders in the entire industry chain andachieve long-term mutual benefits and shared success.

HebangBiotechnology solidifies its leading position in the glyphosate manufacturingsector by prioritizing cost reduction, quality enhancement, and capacityutilization optimization, thereby securing the company's sustainablecompetitive edge in this product category.

According to the agreement, both parties will embark onin-depth exploration and cooperation in various forms, including agencyservices, overseas warehouses, and consignment, for glyphosate products in keyglobal markets. Weifang Rainbow and Hebang Biotechnology have expressed theirconfidence that this formidable alliance will distinguish them in the fiercelycompetitive market, foster a new win-win scenario, and jointly chart a newchapter of development.