MOSCOW (MRC) -- Brenntag, the global market leader in chemicals and ingredients distribution, announces the renewal and expansion of a distribution agreement with performance additives leader SI Group, as per the company's press release.
Brenntag has already successfully been distributing SI Group's plastics solutions products in Europe and Africa. Now, the contract is being expanded to include the chemical intermediates and coatings resins of the US-based company for the full Europe, Middle East, and Africa region.
Sara Ghione, Director Polymers EMEA Brenntag Specialties, says: "We are thrilled to add SI Group’s performance chemicals and coating resins products to our portfolio as it enables us to offer a more differentiated range of solutions to our Chemical Intermediates and Coatings customers. Additionally, it further extends our longstanding and successful partnership with SI Group with the aim to grow together even further.”
SI Group’s plastics solutions products protect polymers against degradation and aging and thus help to extend the functional life of the final product. The company's coating resins are used for protective coatings in multiple markets including but not limited to metal coating applications, can and beverage packaging, decorative paints, and road markings. The company’s portfolio of performance intermediates are key building blocks into chemistries used in a wide range of markets such as surfactants, personal care, agriculture, plastics, and engineering plastics.
This renewed and expanded distribution agreement between Brenntag and SI Group is effective immediately.
As MRC reported earlier, this summer, Brenntag acquired all operating assets and business of Matrix Chemical, LLC. The company is a solvents distributor and the largest distributor of acetone in North America with sales of around USD 200 million year to date in 2021.
Along with phenol, acetone is largely used to produce bisphenol A (BPA), which, in its turn, is used in the production of plastics such as polycarbonate (PC) and epoxy resins.
According to MRC's ScanPlast report, Russia's overall estimated consumption of PC granules (excluding imports and exports to/from Belarus) dropped in the first three quarters of 2021 by 15% year on year to 63,700 tonnes (75,300 tonnes a year earlier).
SI Group is a global leader in the innovative technology of performance additives, process solutions, active pharmaceutical ingredients, and chemical intermediates. SI Group’s global manufacturing footprint includes 21 facilities on four continents, serving customers in 90 countries with approximately 2,300 employees worldwide.