en.Wedoany.com Reported - At the SNEC exhibition, HIUV announced two strategic partnerships. The company has secured exclusive distribution rights in India for EVA and POE products from Shenghong Petrochemical, the world's largest EVA manufacturer, and has signed a strategic cooperation agreement with GWELL, a leading supplier of photovoltaic film production equipment.
These agreements aim to strengthen HIUV's position in the photovoltaic value chain, promoting integration across material supply, equipment manufacturing, and market development.
The partnership with Shenghong Petrochemical primarily targets the Indian market. Leveraging its strong local presence and distribution network, HIUV will drive the application of Shenghong Petrochemical's EVA and POE materials in India's rapidly growing photovoltaic sector. India is one of the fastest-growing solar markets globally, with new installed capacity expected to exceed 30 GW by 2026, yet domestic production capacity for high-grade EVA and POE remains limited, relying on imports. For Shenghong Petrochemical, this collaboration accelerates its entry into India's high-end materials market. For HIUV, it ensures a stable and high-quality supply of premium raw materials for its expanding overseas operations, thereby reducing procurement risks and strengthening its manufacturing base in India.
HIUV has also established a strategic partnership with GWELL to jointly develop the Indian photovoltaic encapsulation film market. The collaboration will focus on providing turnkey solutions for photovoltaic film production projects, covering the entire lifecycle from equipment supply to project implementation and commissioning. GWELL brings technical advantages in high-performance extrusion equipment, while HIUV contributes advanced materials technology and industry expertise, with both parties committed to delivering reliable, efficient, and standardized solutions for customers in the Indian market.
Both collaborations reflect HIUV's strategic layout to build an integrated global platform. The company already has operations in the United States and Turkey and continues to expand its international influence. By integrating upstream materials and downstream equipment capabilities, HIUV aims to accelerate its growth in the Indian market while supporting the broader development of the global photovoltaic industry. Moving forward, HIUV will continue to strengthen industrial chain cooperation, invest in innovation, and optimize its global strategy to promote sustainable development in the photovoltaic encapsulation materials sector.
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