MOSCOW (MRC) -- Nasdaq First North-listed Nexam Chemical – which invents, develops, produces and sells additives to the plastics industry worldwide – takes the largest order to date in the South Korean market, said the company.
The order applies to the Reactive Recycling area for recycled PET to a value of approximately SEK 1 million. Nexam Chemical has previously announced that the company has a new agent in Seoul, which has successfully started to develop the market with a focus on reactive recycling. Reactive Recycling, is a product series from Nexam Chemical that can significantly improve the properties of plastics in the recycling process.
"Nexam has the chemical expertise to recycle plastic without destroying the original properties. Therefore, this is an area of ??the future for us. With this order, we go from delivering sample volumes to an order to be used on a larger industrial scale, which is a confirmation of how well our recycling products work," says Johan Arvidsson, CEO of Nexam Chemical and continues: "This time we are also doing business in a new part of the world. It strengthens our vision of what we can achieve in the rapidly growing plastic recycling market".
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.
As per MRC, Nexam Chemical has received an order from an existing customer in the area of PET additives for deliveries to the USA. 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.