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China Chemical New Network News: Recently, the signing ceremony for the strategic cooperation agreement between Juren New Materials and Wanhua Chemical was held in Yantai. The strategic cooperation agreement signed this time clarifies the objectives of supply and demand cooperation between the two parties in areas such as polycaprolactone, as well as the quality standards, delivery timelines, and mechanisms for ensuring compliance, thereby providing a clearer roadmap for their collaboration. This collaboration focuses on the supply of key raw materials for polycaprolactone, covering critical areas such as the development and adaptation of high-quality raw materials, large-scale and stable supply, comprehensive quality control throughout the process, and optimization of supply chain coordination. Wanhua Chemical regards Juren New Materials as a strategic supplier, and gives priority to purchasing polycaprolactone from Juren New Materials for the needs of its existing factories as well as newly planned factories around the world ； Juren New Materials regards Wanhua Chemical as a strategic customer, giving top priority to meeting its demands. Both parties will make full use of their respective core strengths to ensure an efficient connection between raw material supply and production needs throughout the industrial chain, work together to address challenges such as fluctuations in the raw material market and quality control, and strengthen their core competitiveness in their respective fields. At the signing ceremony, Liu Mingzhong, General Manager of Wanhua Chemical’s Procurement Department, said that PolyRen New Materials has now become a key supplier of polycaprolactone, the raw material used by Wanhua Chemical, while Wanhua Chemical has become PolyRen New Materials’ largest customer. The two parties have broad prospects for collaborative efforts in their global business operations. Wang Hanyu, chairman of Juren New Materials, said that Juren has been active in the caprolactone industry for many years and possesses core advantages in terms of raw material quality control, large-scale supply, and customized solutions. By continuing this partnership with Wanhua Chemical, the goal is to provide stable and high-quality raw materials for Wanhua Chemical by accurately meeting its needs and optimizing the supply system. At the same time, by leveraging Wanhua Chemical’s market presence, this partnership aims to facilitate the steady expansion of our own business, achieving a win-win situation and coordinated development for both parties.