Saint-Gobain Abrasives (Shanghai) Co., Ltd. is announcing the acquisition of 25% shares in Kingshark New Material Technology (Chongqing) Co., Ltd.

Established in 2006 and based in Chongqing, China, Kingshark specializes in non-woven abrasives products, and is well recognized for its full and innovative offer, combined in solutions for polishing metal and other materials. Kingshark has been serving many fast-growing industrial markets.

By joining forces, Saint-Gobain Abrasives and Kingshark will accelerate their development by:

-     providing extensive solutions, well differentiated and boosting performance and decarbonization for industrial customers across the Asia Pacific Region, by combining their know-how in non-woven abrasives, bonded abrasives, super abrasives, coated abrasives, thin wheels, adhesives, sealants and other components, with their advanced understanding of grinding and polishing applications.

-     improving the resilience and reactivity of their supply chains and reducing their CO2 emissions (Scope 3).

 “This equity participation is fully in line with Saint-Gobain Group's “Grow & Impact” strategy that is being successfully implemented in Asia Pacific to reinforce its leadership in the industrial markets. Indeed, it takes place in a market and a geographical area that are foreseeing strong growth,” remarked Loic Mahe, Saint-Gobain Abrasives Vice President in charge of Asia Pacific. “Together with Kingshark, Saint-Gobain Abrasives will provide to its customers more complete solutions and services for transforming surfaces and will further enhance our commitment to sustainability.”