MOSCOW (MRC) -- Songwon has signed an exclusive distribution agreement with First Quality Chemicals (Naucalpan, Mexico), a specialty chemicals distributor, for the coatings, adhesives, sealants and elastomers markets, said Chemweek.
The agreement is effective from August 2020. First Quality Chemicals will be the exclusive distributor of Songwon’s specialty chemicals in Mexico.
As MRC informed earlier, Songwon Industrial Co., Ltd. said it entered into a partnership with Disheng Technology Co., Ltd, (Jiangsu Province, China) for the production of some of its UVA light stabilizers. Disheng is currently in the process of building a new state-of-the-art factory dedicated to light stabilizers in Fujian Province, China.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).
According to MRC's DataScope report, PE imports to Russia dropped in January-June 2020 by 7% year on year to 328,000 tonnes. High density polyethylene (HDPE) accounted for the main decrease in imports. At the same time, PP imports into Russia rose in the first six months of 2020 by 21% year on year to 105,300 tonnes. Propylene homopolymer (homopolymer PP) accounted for the main increase in imports.
Songwon will leverage its global reach and leading position in polymer and coatings stabilizers to market the products, while Disheng will focus on managing the manufacturing side. In this way we can make the best use of both companies’ complementary strengths” added Xingping Pan, president of Disheng Group.