SOURCE: Sino Legend (Zhangjiagang) Chemical Co., Ltd.
ZHANGJIAGANG CITY, CHINA--(Marketwire - Jun 29, 2012) - Commenting on SI Group, Inc.'s recent filing of a U.S. International Trade Commission (ITC) complaint, Sino Legend (Zhangjiagang) Chemical Co., Ltd. (Sino Legend) believes the issue is meritless and looks forward to the ITC's resolution of the litigation.
Sino Legend's products have enjoyed great success in the market as a result of the company's significant investment in research and development. Customers continue to seek out Sino Legend's superior offerings because of performance that SI Group's products cannot match.
"While reviewing the ITC filing over the past several days, we were struck by SI Group's contention that Sino Legend somehow infringed on SI Group trade secrets. The fact remains that our product has better performance characteristics by comparison, because of our extensive investment in research and development that led to innovative processes," said Mr. Corey Xie, deputy manager, Sino Legend. "It is unfortunate that SI Group now resorts to litigation when unable to otherwise compete fairly in the market place."
Sino Legend has retained Sidley Austin, an international law firm with expertise in ITC proceedings, to provide counsel as it responds to the ITC Section 337 inquiry, as well as to uphold its global intellectual property rights.
Mr. Xie continued, "SI Group's choice to name multiple parties in its filing -- not just Sino Legend -- indicates SI Group's litigation is aimed to impugn the reputation of others rather than seek protection of intellectual property."
"We are avid proponents for continued innovation -- in product formulation, in manufacturing processes, and in customer service -- which is fueling our growth while providing new sourcing options to our tire manufacturing partners. It's a model for overall industry success."
Just four years after beginning full-scale production, Sino Legend has become the largest Asian manufacturer of resins for the tire and rubber industries, holding 70 percent of the Chinese market and 30 percent share for the rest of Asia. The company is a supplier to eight of the top ten multinational tire companies operating in Asia, as well as to the majority of China's domestic manufacturers.
For additional information, please visit www.SinoLegend.com.