Shawmut LLC Secures Direct Stake in China Production Operations through Joint Venture Agreement with Dejun Textiles

The agreement marks Shawmut's commitment to continue to grow its supply chain investment in Asia to serve global automotive OEM production.

WEST BRIDGEWATER, Mass., May 11, 2023 /PRNewswire-PRWeb/ -- Shawmut LLC and Zhejiang Dejun New Material Co., Ltd. announced an agreement to form an exclusive equity joint venture to produce Shawmut's market-leading automotive interior fabrics in China.

The JV is a continuing step in the 10-year long-term strategic relationship between Shawmut's Asia operations and Dejun. The agreement marks Shawmut's commitment to continue to grow its supply chain investment in Asia to serve global automotive OEM production. The JV gives Shawmut's Asia operations ownership and vertical control of production from yarn warping through knitting, dyeing, finishing and lamination.

"This is a significant milestone for our company and a requirement for winning business from premium global auto makers in Asia, Europe and the US," said James Wyner, Shawmut's CEO. Wyner and Dennis Hanuschik, Shawmut's Automotive Division President, recently joined representatives of Zhejiang Dejun New Material Co., Ltd. in Haining, China to review next steps in the joint venture production. Hanuschik added, "We believe that this collaboration will be a game-changer for our business in China and will provide us with a competitive edge in the global market."

About Shawmut LLC
Founded in 1916, Shawmut LLC is a leading global provider of innovative, engineered textile solutions for a net zero carbon future. Leveraging market leading capabilities in advanced materials, engineered-fabrics, composites, coatings, and web-process innovation Shawmut delivers compelling solutions for automotive, medical, filtration, military, protective apparel and custom applications. Shawmut is also the largest producer of laminated warp knit automotive headliner fabrics in the world.

Shawmut is a fourth-generation, family-owned global corporation, headquartered in West Bridgewater, MA, USA. Shawmut employs over 600 employees worldwide in eight global manufacturing plants and six commercial offices across North America, Europe, and Asia. Shawmut LLC can be found online on LinkedIn, Facebook and Instagram. To learn more, visit http://www.shawmutcorp.com.

About Dejun Textiles
Zhejiang Dejun New Material Co., Ltd., is a manufacturer of elastic warp- and circular-knitting fabrics with in-house warping, knitting, dyeing, and finishing capabilities. Founded in 1994, it is located in Haining, Zhejiang Province, China.

With a philosophy of high-technology, eco-friendliness and comfort, Dejun has a reputation for consistently conducting fabric development and quality improvement to fulfill the different needs of its customers and their brands, while emphasizing environmental protection and sustainable development. Dejun's products are widely used in apparel fabrics and industrial fabrics, and are mainly exported to Europe, the United States, Japan, Hong Kong and southeast Asia. Dejun holds ISO 9001, OEKO-TEX 100, ISO 14001 and ISO IATF 16949 certifications.

Dejun Textiles can be found online on LinkedIn and Instagram. To learn more, visit http://www.dejuntextile.com.

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Media Contact

Jon Platz, Shawmut LLC, 1 781-223-4112, [email protected]

SOURCE Shawmut LLC