June 3, 2026 – SNEC Exhibition
HIUV has announced two major strategic partnerships at the SNEC Exhibition, marking a significant milestone in its global expansion strategy. The company has secured exclusive distribution rights in India for EVA and POE products from Shenghong Petrochemical, the world’s largest EVA manufacturer, and entered into a strategic cooperation agreement with GWELL, a leading provider of PV film production equipment.
These agreements strengthen HIUV’s position across the photovoltaic value chain, enhancing integration between material supply, equipment manufacturing, and market development.
Strategic Partnership with Shenghong Petrochemical
Strengthening Supply Chains in India
HIUV has signed an exclusive distribution agreement with Shenghong Petrochemical for the Indian market. Leveraging its strong local presence and distribution network, HIUV will drive the adoption of Shenghong’s EVA and POE materials in India’s rapidly growing photovoltaic sector.
This partnership ensures a stable and high-quality supply of critical raw materials for HIUV’s expanding overseas operations.
India is one of the fastest-growing solar markets globally, with new installations expected to exceed 30 GW in 2026. However, domestic production of high-grade EVA and POE remains limited, resulting in continued reliance on imports.
For Shenghong, the partnership provides accelerated access to India’s high-end materials market through HIUV’s established channels. For HIUV, it secures reliable access to premium raw materials, reduces procurement risk, and strengthens its manufacturing base in India.
Strategic Collaboration with GWELL
Delivering Integrated PV Film Solutions
HIUV has also entered into a strategic partnership with GWELL to jointly develop the PV encapsulant film market in India.
The collaboration will focus on delivering turnkey solutions for PV film production projects, covering the full lifecycle from equipment supply to project implementation and commissioning.
GWELL brings expertise in high-performance extrusion equipment, while HIUV contributes advanced material technology and industry experience. Together, the companies aim to provide reliable, efficient, and standardized solutions to customers in the Indian market.
Driving Synergy Across the Value Chain
These dual partnerships highlight HIUV’s commitment to building an integrated global platform. With existing operations in the United States and Turkey, the company continues to expand its international footprint.
By aligning upstream materials and downstream equipment capabilities, HIUV is well-positioned to accelerate growth in India while supporting the broader development of the global photovoltaic industry.
Looking Ahead
HIUV will continue to strengthen collaborations across the industrial chain, invest in innovation, and optimize its global strategy to support the sustainable growth of the PV encapsulation materials sector worldwide.