Cosco has further strengthened open innovation in China

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announced a new concept to support global cooperation and innovation

strengthen innovation leadership and speed up the marketization ofCosco Asia Pacific Innovation Center in Shanghai has announced the launch of its new "Open Innovation Center" concept, which aims to further strengthen open innovation by working with different partners. The concept of open innovation crosses the boundaries of traditional industries and plays an important role in the upgrading of China's industry and the development of multi-industry ecosystem.china is leading technological advances in many areas to meet the challenges of future trends," said Lei Huanli, president of

. We also see great open innovation potential here, where we can collaborate and innovate with different partners. Through the new 'Open Innovation Center', we will continue to'In China, for the World' innovation strategy. TheInnovation Center will provide a platform for experts and partners to work in five areas. For example, explore the potential for product aesthetics and circular design with designers, start-ups, and existing customers. The new center will not only help experts reach deep into the ecosystem and find partners on topics related to sustainable development and the circular economy, but will also support the building of networks in areas leading by China, such as mobile mobility, robotics, supercars, bio-based materials, and drones. The concept will also use tools such as artificial intelligence, speech recognition, and augmented reality to facilitate digital sales and new digital services. At the same time, the exchange and cooperation between Cosco and universities and research institutions will be expanded.. Schmako, head of innovation for Asia Pacific at Cosco Ventures, said: "It's a great idea toMichael Schmidt says: "With new open innovation, we aim to bring all our open innovation activities together in one place. We are committed to working closely with partners across a wide range of industries to build a leading innovation ecosystem for our customers. Infact, cosco has been actively interacting with start-ups, academia (e.g. Tongji University) and cross-industry partners until this announcement to expand open innovation in China. Today, new open innovations are expected to help different industries and customers shorten their innovation cycles. Covestro will showcase some of the latest examples of open innovation at the
2019 International Plastics and Rubber Show (K) in Dusseldorf, Germany, from
16 to 23 October.from China: Open Innovation Drives Digital
As one of the innovations from China, CoscoTron will showcase high-performance material solutions developed for the development of 5G technology at K Exhibition. 5G will be the foundation of building a mobile connected society and a key technology for digitalization in all areas of life and economy. For example, Coscotro polycarbonate for antenna housings not only shows good signal transmission performance, but also offers superior design flexibility. Another polycarbonate multi-layer co-extrusion film solution gives the rear cover of the manufactured mobile phone a glassy texture and meets the high RF transmission requirements of millimeter wavelengths. The Asia-Pacific region is leading the way in 5G technology, where Cosco is working with a variety of partners to innovate openly, including working with Southeast China University to develop solutions to optimize RF signal penetration.Costrom's Asia Pacific innovation team is also working with Haier, the world's largest home appliance brand, to drive digitalization in another area: the two companies are working together to improve the production of insulation materials through the Haier-Cosco Digital Joint Laboratory in Qingdao, using Cosmodry's digital expertise in China.to provide customers with digital
, Cosco is also committed to creating digital channels to face customers and suppliers directly. "We note that the Chinese market is demanding for product performance, digitalization and innovation. Chinese customers expect shorter delivery times than in Western markets. Dr. Schmaco explains. Cosco's Alibaba 1688 flagship store and Cosco's direct store demonstrate China's leading position in digital, providing customers with a variety of digital channels. In addition, the new WeChat service number is also an important complement to the digital sales channels.local innovation is on the rise: wind and electric vehicles
Cosco is also committed to the development of materials in the renewable energy sector to meet the growing demand for wind energy. At Cosco's Asia Pacific Innovation Center in Shanghai, we have developed more efficient fan blade production technologies based on polyurethane resins and fiberglass felts with global industry partners. In April 2019, Cosco delivered its first commercial order for polyurethane for fan blades in China.also develops lightweight materials for electric vehicles to drive the industry. Maezio, from Cosco, ™ fiber-reinforced thermoplastic composites have been adopted by Chinese and foreign automakers such as Ulser Automotive. Cosco will showcase more material innovations in automotive exterior, lighting and self-driving signal functions at the K show.: Cosco
is one of the world's largest polymer producers, with sales of EUR 14.6 billion in 2018. Its business focuses on the production and manufacture of high-tech polymer materials and the development of innovative solutions for many areas of everyday life. The main service areas include the automotive, construction, wood processing and furniture, electrical and electronics industries, while other areas include sports and leisure, cosmetics, medical and chemical industries themselves. By the end of 2018, Cosco had 30 production sites worldwide and approximately 16,800 employees (based on full-time employees).