HERNON Manufacturing and ShenZhen Dover Technology Co., Ltd. Sign Joint Venture Agreement
Hernon Dover to provide repackaging and distribution for Hernon's product lines in China.
- (1888PressRelease) March 30, 2011 - HERNON Manufacturing, the innovator in adhesive and sealing technologies has confirmed that it has signed a joint venture agreement with the China based ShenZhen Dover Technology Co., Ltd. Under the terms of the agreement, Hernon Dover will provide direct order fulfillment, product support, and repackaging for Hernon's existing network of Chinese distributors and direct customers.
Initially, the joint venture will seek to expand the use of Hernon's high performance adhesives and sealants in the electronic and speaker manufacturing sectors. However, both companies anticipate an expansion into multiple sectors and industries as Hernon Dover will have access to the complete Hernon product line with over 300 products available for sale.
"We are honored to form this critical alliance and form Hernon Dover as it will allow Hernon to better serve our customers and distributors locally in China," explains Harry Arnon, CEO of Hernon Manufacturing. "Given the importance of China to our overall growth strategy, it was essential that we partner with a local distribution leader who could aptly support the growing demand for our products. We found such a partner in Paul Ye and his company."
Both parties cite numerous advantages for the new Hernon Dover label including lower costs for customers since the product can be packaged and sold locally; faster and more responsive customer service since order fulfillment and support will be handled locally in ShenZhen, China; and access to new market sectors that source their chemical needs from China while expanding the offerings that ShenZen Dover has to offer its customer base.
"With the explosive growth of manufacturing opportunities in China, the need for industrial grade adhesives and sealants has grown at a rate which far exceeds the currently available supply in China," explains Paul Ye, President of Hernon Dover. "Hernon Manufacturing has established itself as a leader in the adhesives and sealants sector and we are excited with the opportunity to engage in this joint venture. This partnership will benefit not only our respective companies, but each of our mutual clients."
About HERNON Manufacturing
HERNON Manufacturing has been committed to delivering world class adhesive, sealant, and impregnation solutions along with precision dispensing systems for nearly four decades. A long-time member of Central Florida's industrial manufacturing community, HERNON offers strong brands and technologies, all made in the United States, for a diverse range of industries including: Energy/Power Generation, Medical, Electronics, Electrical, Automotive, Appliances, Sporting Goods, Ammunition, Communications, Aerospace, Aviation, High Tech Audio, Defense, Fire Suppression, Transportation, and Marine. HERNON Manufacturing is proud to be an ISO-9001 registered company whose products meet or exceed Mil-Specs. HERNON Manufacturing has been recognized as a top company in Orlando and is listed in the Orlando Business Journal's 2011 Book of Lists.
About ShenZhen Dover Technology Co., Ltd.
ShenZen Dover Technology Co., Ltd has been the leader in the manufacturing and distribution of specialized adhesives, sealants, filling material, conductive materials, and patch materials within China since 2004. ShenZhen Dover Technology Co., Ltd combines state of the art manufacturing with cutting edge scientific research to develop innovative products for a variety of industries including electronics, health care, and optics. Many of their products carry certification from Underwriters' Laboratory (UL listed) and other leading international organizations.