Henan Maxspeed New Materials Co., Ltd. has signed an $8 million annual supply agreement with a leading Thai plastics manufacturer to provide customized UV-resistant anti-aging agents. This strategic partnership represents another significant milestone in Maxspeed’s Southeast Asian expansion, following its successful entry into European markets in 2023.
To strengthen its regional presence, the company plans to establish a representative office in Vietnam by 2025, enhancing its service capabilities for customers along the “Belt and Road” initiative. This move will enable faster technical support and more efficient logistics for clients throughout Southeast Asia.
The UV-resistant additives supplied under this agreement feature Maxspeed’s proprietary nanotechnology, offering superior weatherability and extending product lifespan by up to 30% compared to conventional solutions. This contract is expected to account for approximately 15% of Maxspeed’s total export volume in 2025.
