MOSCOW (MRC) -- Nexam Chemical has received an order from an existing customer in the area of PET additives for deliveries to the USA, said Chemweek.
The customer is a market-leading manufacturer of PET foam. It is the single largest order in the United States and also one of the largest ever for Nexam Chemical globally. Nexam Chemical has previously delivered products to this customer and this order confirms good growth in the business. The value of the order is SEK 9 million and applies to deliveries up to and including the spring of 2021.
"It is very satisfying to be able to tell about this order. Mostly because we really see that we get the confidence to continue to grow with existing customers. Working with growing customers is a key component in a long-term growth strategy. ” says Johan Arvidsson, CEO of Nexam Chemical. "This is a cooperation we have had for just over 2 years, which is developing better than we originally could predict." continues Johan Arvidsson.
According to MRC's ScanPlast report, Russia's estimated PET consumption totalled 367,720 tonnes in the first six months of 2020, up by 19% year on year. Russian companies processed 62,910 tonnes in June. Russian plants reduced their PET output in January-June 2020 by 25% year on year. Overall PET chips production at four Russian plants reached 281,100 tonnes in January-June 2020.
Nexam Chemical develops technology and products that make it possible to significantly improve the production process and properties of most types of plastics in a cost-effective manner and with retained production technology. The improved properties include strength, toughness, temperature and chemical resistance as well as service life. The improvements in properties that can be achieved by using Nexam Chemical's technology make it possible to replace metals and other heavier or more expensive materials with plastics in a number of applications. In applications where plastic is already used, Nexam Chemicals products can improve the manufacturing process, reducing material use and enable more environmental friendly alternatives.