Brenntag and Evonik share a long-standing history and are cooperating in many other countries around the globe. In 2009, Brenntag assumed distributorship of Evonik’s high performance polyamides VESTAMID® and TROGAMID® and related products in Europe. Additionally, the distribution agreement for South-East Asia (which comprises Bangladesh, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam) includes VESTAKEEP® PEEK compounds. The agreement opens a new chapter in the successful cooperation and will explore new markets for both companies in the future.
“It is important to have a trustful relationship with a partner who shares the same values as we do”, says Martin Conzelmann, head of Evonik’s Resource Efficiency Segment in Asia-Pacific South. “Particularly in the light of our upcoming capacity expansion of Polyamide 12, we want a sustainable partnership on which to build our future business.”
“Brenntag Asia Pacific is delighted to be adding Evonik’s range of high performance resins to our plastics and polymers portfolio. It opens up many new opportunities for Brenntag in South-East Asia”, adds Peter Littlewood, Commercial Vice President Specialties of Brenntag Asia Pacific. “These products are a superb fit for our portfolio to bring to customers and form a key part of our plans for growth in the region.”
Evonik is one of the world leaders in specialty chemicals. The focus on more specialty businesses, customer-oriented innovative prowess and a trustful and performance-oriented corporate culture form the heart of Evonik’s corporate strategy. They are the lever for profitable growth and a sustained increase in the value of the company. Evonik benefits specifically from its customer proximity and leading market positions. Evonik is active in over 100 countries around the world with more than 36,000 employees. In fiscal 2018, the enterprise generated sales of €15 billion and an operating profit (adjusted EBITDA) of €2.6 billion.
ABOUT RESOURCE EFFICIENCY
The Resource Efficiency segment is led by Evonik Resource Efficiency GmbH and produces high performance materials and specialty additives for environmentally friendly as well as energy-efficient systems to the automotive, paints & coatings, adhesives, construction, and many other industries. This segment employed about 10,000 employees, and generated sales of around €5.7 billion in 2018.
Brenntag, the global market leader in chemical distribution, covers all major markets with its extensive product and service portfolio. Headquartered in Essen, Germany, the company operates a global network with more than 580 locations in 73 countries and a workforce of more than 16,600 employees. In 2018, the company generated sales of EUR 12.6 billion (USD 14.8 billion). Brenntag connects chemical manufacturers and chemical users. The company supports its customers and suppliers with tailor-made distribution solutions for industrial and specialty chemicals. With more than 10,000 products and a world class supplier base, Brenntag offers one-stop-shop solutions to around 195,000 customers. This includes specific application technology, an extensive technical support and value-added services such as just-in-time delivery, product mixing, formulation, repackaging, inventory management and drum return handling. Long-standing experience and local excellence in the individual countries characterize the global market leader for chemical distribution.
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.