Shandong Kuntai New Material Technology (001260.SZ) reaches cooperation intention with Trves on automobile carpet business.

Shandong Kuntai New Material Technology (001260.SZ) announced that the company has signed a cooperation "letter of intent" with Trves in the automotive carpet business. The company will establish an automotive carpet production line in Morocco and supply to Trves. Trves will designate Shandong Kuntai New Material Technology as its automotive carpet supplier for a five-year period. The main goal of this cooperation is to ensure that Trves has sufficient business volume to fully utilize the production capacity of Shandong Kuntai New Material Technology's complete production line in Morocco.