Zotefoams and Shincell Global Alliance

May 7, 2024 – Suzhou Shincell New Material Co., Ltd. (“Shincell”) announces its Global Alliance Agreement with Zotefoams plc. (“Zotefoams”), a well-known enterprise in cellular materials, of Cryoden, United Kingdom.

Zotefoams and Shincell are two industry-leading technological companies that complement each other in  technology and the marketplace. This global alliance combines the great strength of Zotefoams' 100-year history supercritical N2 foaming with Shincell's latest innovations in supercritical foaming. 

Zotefoams plc, headquartered in Croydon, UK, is a well-known manufacturer of polymer foams and has been a key player in high-end foams technology since its inception in 1921. Products are widely used in aerospace, automotive, medical, high-performance sole materials and other industries. It is the exclusive global supplier of NIKE in its ZoomX series running shoe midsole materials.

Shincell, based in Suzhou, China, was founded in 2019 by Dr Xiulei Jiang, who has over 20 years’ experience in supercritical foaming research and technology. Shincell is a company dedicated to developing sustainable foaming technologies and manufacturing clean, environmentally friendly lightweight foam materials. The company uses nitrogen and carbon dioxide gases commonly found in the air to expand plastics and form a large number of micro and nano bubbles inside, a purely physical foaming process.

The alliance consists of agreements on technology licensing from Shincell to Zotefoams, market development and co-operation, and regional product distribution agreements, where certain products made of Shincell’s unique technology will be marketed alongside with Zotefoams’ existing and future product range. The companies will also co-operate on product R&D.  We are confident that this strong alliance means a significant milstone for the physical foaming industry. The two companies will work hand in hand with a shared commitment to sustainability and innovation.

Zotefoams will pay technology licensing fees of RMB 80million over the 5-year term of the agreement, which will support further the technological and business development of Shincell.

Dr. Jiang, CEO of Shincell, comments, “This alliance is a great example of combining cutting edge foaming technology and global marketing expertise, which not only enhance innovation efficiency but also improve environmental awareness to a higher level. We are very optimistic that our collaboration with Zotefoams will yield more sustainable results.”

David Stirling, CEO of Zotefoams Group , comments, “I am very impressed with the technology developed by Dr. Jiang and his Shincell team. Their goal of environmentally friendly foaming using physical foaming agents aligns perfectly with Zotefoams’ vision and markets. This alliance is an exciting opportunity to enhance the growth potential of our specialist foams business with sustainable solutions.”