Hanyang TS Signs Exclusive Supply Agreement for Oil-Water Separators with Japan's MAL

Hanyang TS Co., Ltd., headquartered in Asan, Chungnam, has signed an exclusive sales and supply agreement for oil-water separators and filter housing products with Mitsui Chemicals Asahi Life Materials (MAL), a Japanese company specializing in material manufacturing.

According to the Chungnam Economic Promotion Agency on May 29, the agreement was signed on May 12. Through this contract, Hanyang TS will have exclusive rights to sell related products used in key industries such as LCDs, semiconductors, and displays in Korea, the United States, Vietnam, and China.

MAL is a Japanese joint venture established by Mitsui Chemicals and Asahi Kasei. Its headquarters are located in Tokyo, and its production facilities are in Nagoya.

Through this agreement, Hanyang TS will adopt MAL's purification and filtration technologies and plans to pursue product advancement by potentially filing joint patents in the future.

The company has set a goal of selling 100,000 units by 2030 based on this exclusive technology right and is also considering expanding into overseas markets.

The Chungnam Economic Promotion Agency provided on-site support for the signing of this agreement, including financial assistance, patent consulting, and arranging meetings at the Japan office.

Kim Chanbae, Director of the Promotion Agency, stated, "We will continue to support cooperation between the two companies through follow-up consultations at the Japan office and at the export consultation meeting scheduled for July."

This content was produced with the assistance of AI translation services.