The Felix Schoeller Group, based in Osnabrück, Germany, and the Welbon Group of Hangzhou, China, enter into a joint venture

Osnabrück, January 2017The Felix Schoeller Group, the specialty paper manufacturer headquartered in Osnabrück, Germany, and the Welbon Group of Hangzhou, China, who trade in pulp and manufacture specialty papers, signed a cooperation agreement on 18 January 2017. The agreement establishes a 50/50 joint venture: Winbon Schoeller New Materials Co. Ltd. The new company's headquarters are in Longyou in Zhejiang province in the People’s Republic of China. “The joint venture is the result of two years of intensive talks and planning sessions with the Welbon Group,“ says Dr Bernhard Klofat, CEO