ICF and Pro Well join forces to develop new products and dominate the market

Industrie Chimiche Forestali SpA (“ICF”) a leading national and international company in the design, production, and marketing of high-tech adhesives and fabrics, listed on the Euronext Growth Milan market of the Italian Stock Exchange, and Pro Well Limited / Asia announce that they have initiated discussions aimed at developing new materials and establishing technical and organizational support on a global scale for the footwear industry.

The two Companies are evaluating how best to leverage their respective technical expertise, manufacturing capabilities, and knowledge of local markets in Europe and Asia with the objective of serving global footwear brands more effectively, while maintaining operational independence in their respective geographical areas.

The potential collaboration would focus on strengthening regional presence and integrating complementary strengths in order to offer new materials aligned with specific needs of local manufacturers.

Guido Cami, President of Industrie Chimiche Forestali SpA: “In an increasingly globalized footwear industry, dialogue and cooperation between leading organizations operating in different regions of the world can generate significant opportunities in terms of innovation and service. Asia represents a key market and we are pleased to explore potential sinergies with Prowell, whose expertise and knowledge of the local areas are widely recognized.”