Silab Moves Into Shanghai Business Cluster

Silab China has moved into Shanghai’s Zizhu National Hi-Tech Park.

The 13 square kilometer business cluster—self-described as the “Oriental Silicone Valley—is home to several industrial companies and prestigious universities, with a focus on creating an ideal environment for scientific research, creativity, investment and development for innovative technological products.

The move was prompted by the company’s continuous double-digit growth in the Chinese market; it aims to double sales over the next three years.

“Silab’s growth has always been led by its international business, which now represents a majority share of our turnover (60%),” commented Jean-Philippe Cosson, marketing and sales director. “Strengt­hening our international offices is therefore a key part of our strategy, particularly in China, where the market is undergoing digital transfor­mation and experiencing increased demand from local consumers. Against this background, in March 2018 we launched Aquasebom, a hydra-matte active ingredient specially developed for the Chinese market.”