NEWS RELEASE: Cobalt Polymers Announces Partnership with HnG Medical
Distribution agreement to expand customer access to heat shrink tubing in Asia
HEALDSBURG, Calif. —Cobalt Polymers, a leading manufacturer of heat shrink tubing for the medical device industry, recently announced an exclusive, multi-year agreement with HnG Medical Inc. to distribute its tubing products in Asia. The agreement will allow Cobalt to better serve its OEM customers in Asia with local representation and local access to tubing samples and inventory.
HnG Medical represents U.S. and European component suppliers and equipment manufacturers to many top-tier medical device manufacturers in Asian markets, leveraging local languages and market understanding to provide marketing, sales, customer service and technical support. HnG will represent Cobalt Polymers in China, Malaysia, Singapore, South Korea, Taiwan, Thailand and Vietnam.
“This partnership is a natural next step in Cobalt’s growth and expansion,” said Barry Schnur, interim CEO of Cobalt Polymers. “With the opening of our new manufacturing facility in Northern California, we have plenty of capacity, making this the perfect time to expand our footprint in Asia.”
Customers will have the flexibility of working with HnG Medical as a technical sales liaison to Cobalt Polymers, or purchasing directly from HnG within their country to simplify customs, shipping and other logistics, at no additional cost.
“Our partners at HnG are experts in heat shrink tubing and provide a wide range of complementary device components to some of the largest multinational OEM customers with facilities in China and other Asian countries,” Schnur said. “They’re veterans in this market, and we’re confident they’ll do an outstanding job of helping customers to understand our products and how they fit into their interventional device designs.”
“We’re excited about this opportunity to represent Cobalt Polymers products in Asia,” said William Zhong, co-founder and president of HnG. “Heat shrink tubing is still quite a unique product in China, so there’s significant opportunity for growth in this and other Asian markets.”
About Cobalt Polymers
Cobalt Polymers manufactures flexible, durable, thin-wall heat shrink tubing in Pebax® and Polyolefin. Located in Healdsburg, Calif., Cobalt Polymers is ISO 13485:2016 certified and has been producing medical-grade tubing for many of the world’s most innovative medical device manufacturers since 2001. Learn more or request a sample at cobaltpolymers.com.
About HnG Medical Inc.
HnG Medical is dedicated to providing the world’s leading solutions for interventional medical device manufacturing. It works with more than 20 U.S. and European companies to help them enter the Asian market, offering marketing, sales, customer service and technical support. Founded in 2005, HnG Medical has multiple offices through Asia. Learn more at hngmedical.com.
The opinions expressed in this news release are the author’s only and do not necessarily reflect those of Medical Design & Outsourcing or its employees.
