Cashew China R&D Headquarters Inaugurated In Suzhou Xiangcheng, Adding New Engine To High-End Coatings In Yangtze River Delta

Hz info:July 9, 2025，The Cashew China R&D Headquarters officially commenced operations in the Xiangcheng Economic & Technological Development Zone (ETDZ) of Suzhou. Key attendees at the inauguration ceremony included Shen Chunrong, Member of the Xiangcheng District Party Committee Standing Committee and Deputy Secretary of the ETDZ Party Working Committee, Yang Xiaofeng, Member of the Xiangcheng District Party Committee Standing Committee and Executive Deputy District Governor, alongside Japanese Cashew Corporation directors Satoshi Sotome and Mitsunori Kabe. This project will significantly elevate the development level of the new materials industry within the ETDZ, bolster regional industrial structure optimization and the climb up the high-end value chain, injecting fresh momentum into Xiangcheng's industrial transformation.

Cashew (Suzhou) Coatings Technology Co., Ltd. (Cashew Tech), the implementing entity, has invested a total of RMB 100 million. The company has leased a 2,096.4 square meter space at No. 600 Kangyuan Road within the ETDZ to establish a high-end coatings R&D laboratory. Upon completion, the lab is projected to develop 2,000 batches of coatings annually. This includes an annual R&D capacity of 6,000 kilograms (corresponding to 1,200 batches) for solvent-based coatings and 3,000 kilograms (corresponding to 800 batches) for water-based coatings. Primarily serving the electronics and electrical appliances sector, the project is expected to generate annual revenue of RMB 170 million. Its operation will effectively enhance the R&D capabilities of Xiangcheng ETDZ's new materials industry, drive the optimization of the regional industrial structure and its ascent towards high-end segments, and infuse new vitality into Xiangcheng's industrial transformation and development.

As a supplier of high-end customized coating solutions, Cashew Tech is dedicated to building differentiated technological advantages for renowned brands. The company employs a deeply customized R&D model, collaborating closely with clients throughout the entire process from formula design to process implementation. This approach breaks through traditional process limitations, endowing products with premium texture and distinctiveness while ensuring leading industry performance in core physical properties such as coating wear resistance, impact resistance, and flexibility. As a wholly-owned subsidiary of Cashew (Suzhou) Coatings Co., Ltd., its parent company is jointly held by Cashew Corporation of Japan (75%) and Crosslink Density (Wuxi) Investment Management Partnership (25%).

Founded in 1948, Cashew Corporation of Japan is a globally renowned supplier of high-performance, eco-friendly coatings for the consumer electronics sector. Its product portfolio includes 3C coatings, UV-curable coatings, and metal coatings, widely used in mobile phones, home appliances, automotive parts, and other fields. Operating two factories in Japan, the company serves markets across China, Southeast Asia, Europe, and the Americas, achieving sales of JPY 5.406 billion in the 2024 fiscal year. This China R&D headquarters, the largest overseas R&D base for Cashew outside Japan, aims to strengthen service capabilities for the Chinese and Southeast Asian markets, driving the high-quality development of China's consumer electronics coatings industry.

Through years of dedicated development, Cashew Corporation has progressively established a comprehensive joint venture system in China. Partnering with the Manfield Group of Hong Kong, Cashew formed the Cashew Manfield holding structure covering diverse sectors,Cashew Manfield (Hong Kong) Innovative Materials Limited, Cashew Manfield (Guangzhou) Innovative Materials Limited, Cashew Manfield (Wuxi) Innovative Materials Limited, and Cashew Manfield (Hong Kong) Innovative Materials Limited Taiwan Branch.

 Cashew Manfield operates the Cashew® and CMW® coating brands, serving the 3C electronics, smart home, and automotive parts markets. In 2021, Cashew Corporation also jointly established Yoshow New Material Technology (Shaoxing) Co., Ltd. with Zhejiang Jinsheng New Materials Co., Ltd. to focus on expanding the automotive parts coatings business. Additionally, in 2004, Cashew Corporation and Kuen Bong Chemical Industry Corporation co-invested in establishing Jiangmen Kunyi Colophony Materials Co., Ltd., specializing in R&D and production of resin materials.

The official operation of the Cashew China R&D Headquarters marks not only a key strategic step for Cashew Corporation in deepening its global footprint and strengthening its service capabilities in the Asia-Pacific market but also signifies a more benchmark-setting stride for the Xiangcheng ETDZ in the new materials industry. In recent years, the Xiangcheng ETDZ has closely aligned with Suzhou's "10 Key Industries and 30 Key Segments" industrial system and Xiangcheng's "3+3+X" industrial layout, prioritizing new materials as one of its three leading industries for focused cultivation. Through the implementation of the "Ten Thousand-Hundred-Thousand" industrial strengthening project, the zone is continuously improving the entire "R&D-Production-Application" ecosystem.

As Cashew Corporation's largest overseas R&D base outside Japan, this project will propel the Chinese consumer electronics coatings industry towards higher performance and greater environmental sustainability. Moreover, through technology spillover effects and industrial chain synergy, it will provide crucial material support for the ETDZ's leading industries like automotive and smart equipment, becoming a pivotal "technological engine" for the region's high-end industrial transformation.