On November 1, DKSH announced the signing of a distribution agreement with Hexion in Indonesia. Through the distribution of Hexion’s Versatic™ acids and derivatives, DKSH will promote the region Business opportunities and market growth for partnerships.
DKSH's Performance Materials business unit will provide market analysis and research, marketing, sales, logistics and distribution services for Hexion's Versatic™ range of acids and their derivatives in Indonesia. Hexion's Versatic™ acids and derivatives portfolio includes Cardura™ glycidyl esters and VeoVa™ vinyl esters. These specialty monomers provide significant performance advantages to finished coatings, including superior adhesion, hydrolytic stability, water resistance, appearance and ease of application. Applications for these specialty monomers include decorative, automotive and protective coatings as well as other uses such as adhesives and intermediates.
With its extensive distribution network, professional commercial and technical teams, strong logistics capabilities and value-added services including market research and analysis, DKSH has been entrusted to develop Hexion's Versatics business in Indonesia.
Atul Nagarkar, Vice President Global Specialty Chemicals Industry at DKSH, added: "We are pleased to expand Hexion's Versatics business in Indonesia. Our strong local presence and value-added services will enable Hexion to further penetrate the Indonesian market and promote its Market growth for Versatic™ acids and derivatives in this region."
According to Huizheng Information, Hexion Corporation, headquartered in Columbus, Ohio, is the world's leading manufacturer of adhesives and high-performance materials. Hexion provides specialty products and technical support to customers in a variety of applications and industries, including construction, furniture, energy and automotive. With more than a century of experience, Hexion is committed to protecting the earth's natural resources, meeting the needs of a growing population and combating climate change.
DKSH currently provides market expansion services for healthcare, consumer goods, and high-performance materials and technologies in 37 countries and regions around the world, providing procurement, market insights, marketing and sales, e-commerce, distribution and logistics, and after-sales services. With 32,600 experts and 2022 net sales of CHF 11.3 billion, DKSH's (DKSH) Performance Materials business unit distributes specialty chemicals and chemicals for food, pharmaceutical, personal care and various industrial applications. Ingredients. With 53 innovation centers around the world and regulatory support, we create cutting-edge formulations that comply with local regulations. The business unit has approximately 1,650 experts and generated net sales of CHF 1.5 billion in 2022.
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