Strategic partnership announced 22 Mar 2013 12:00
Harlow/Nuremberg, 20 March 2013 - Synthomer, one of the world's leading suppliers of emulsion polymers for coatings, construction chemicals, adhesives and technical textiles and DKSH Business Unit Performance Materials, a leading specialty chemicals distributor and provider of Market Expansion Services for performance materials have entered into a regional distribution partnership covering India, the Philippines, Vietnam, Myanmar, Laos, Cambodia and Thailand. The contract was signed today at the European Coatings Show in Nuremberg. It will cover Synthomer's business in the Construction & Coatings and Functional Polymers businesses.
DKSH`s Performance Materials Business Unit will distribute and market Synthomer's full range of emulsion polymers in Asia for the market segments coatings, construction, adhesives and textiles with some exclusions for specific countries (1) and will leverage its comprehensive distribution footprint to provide Synthomer with tailored services and exceptional distribution opportunities in this important and growing region.
Synthomer offers a particularly broad range of binders based around acrylics, styrene-butadiene and vinyl acetate chemistries for a wide array of applications including weather-resistant wood coatings, low-emission interior wall paints, elastic coatings, crack-bridging facade paints for cool roofing applications and plaster, as well as binders for PSA tapes, labels and technical textiles.
Synthomer COO Derick Whyte, who signed the contract on behalf of Synthomer, commented: "We are pleased that DKSH has decided to partner with Synthomer in these important and rapidly expanding Asian markets. We are convinced that the result will deliver improved technical services through local distribution networks to provide our current and future customers with real added value." Mario Preissler, Head of DKSH´s Performance Materials Business Unit and Member of Group Management also describes the new contract as a win-win situation for both partners: "Over the past 150 years we have established a strong customer base in Asia.. The partnership with Synthomer clearly enhances our existing portfolio with one of the broadest and innovative product ranges for emulsion polymers for many applications."
(1) The contract will exclude products for coatings and adhesives in Vietnam, for adhesives and technical textiles in Cambodia and Laos and technical textiles products in India.