Välinge informed about a global non-exclusive license agreement with Jiangyin Funuo New Decoration Materials from China for use of the 2G and 5G® locking systems in WPC and LVT/SPC flooring products.
According to the announcement, Funuo will produce WPC flooring with the 2G and the 5G locking systems from Välinge. These locking systems have been specifically optimized for resilient products in order to provide fast and easy installation combined with outstanding performance. The new products will be sold under the brand name FNOFLOR and will be produced in the company’s new production facility in the Jiangyin City, Jiangsu Province of China.
Funuo’s decision to invest in a modern production facility and to sign a license agreement with Välinge was based on the market demands for high-quality WPC and LVT/SPC flooring with state-of-the-art locking systems. Välinge is very pleased to welcome Jiangyin Funuo New Decoration Materials Co., Ltd. as a new licensee.
Jiangyin Funuo New Decoration Materials specialisies in WPC and LVT/SPC flooring and belongs to the family-owned Jianghai Company Group. The group mainly focused in different types of polymer-based applications for a variety of industries and consists of six companies of which Funuo is the youngest.
Earlier Välinge’s Threespine® click furniture technology received the 2017 interzum award.
The company is a world leading R&D and IP company in the flooring industry based in Sweden. Välinge International has about 80 employees who are mainly involved in R&D and customer support.