Richloom Shanghai in Crypton deal
June 18, 2010,
West Bloomfield, Mich. - Crypton Inc. has signed a licensing agreement with Richloom Shanghai Trading Co. to produce Crypton high-performance fabrics in Hangzhou, China for distribution in Asia, Europe, and the Middle East.
Until now, companies that were manufacturing products in China were not able to easily access Crypton fabrics there because of cost and time-consuming production factors.
"This licensing agreement allows Crypton to meet the growing global demand for Crypton high performance fabrics, and it represents a significant opportunity for our customers and business partners," said Randy Rubin, the company's co-founder.
"Richloom is excited to partner with Crypton to be the first producer of Crypton fabrics in China and to expand its portfolio of fabric offerings with Crypton in Asia, Europe and the Middle East," said Richmamn.
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