15 April 2013 13:11 [Source: ICIS news]
LONDON (ICIS)--South Korea-based producer Songwon Industrial said on Monday it has appointed Sun Ace South Africa to be its new distributor for the sub-Saharan Africa region.
Sun Ace South Africa, based in Johannesburg, will distribute Songwon’s antioxidants, ultraviolet light stabilisers and absorbers, one pack systems, rubber-chemicals, tin intermediates, superabsorbent polymers and ink binders.
Financial details of the agreement were not disclosed.
Sun Ace South Africa is a subsidiary of Singapore-based speciality additives and chemicals supplier Sun Ace.
Dieter Morath, executive vice president of global sales at Songwon, said: “Choosing Sun Ace as our partner will allow us to increase the availability of both products and knowledge for our customers in the sub-Saharan Africa region."
Gary van Eyk, managing director at Sun Ace South Africa, said: “The demand for polymers and additives is being driven by a rapidly growing population in the region and the need to provide infrastructure, communications, housing, transportation, packaging and many more applications from local suppliers.
“The potential for growth is exceptional with the sub-Saharan Africa region demonstrating robust progress,” he added.
Under the agreement, Sun Ace will be responsible for the sales and distribution of Songwon’s products in the sub-Saharan Africa region including the west African region (Nigeria, Ghana, Ivory Coast), central Africa (Congo, Uganda), the east African region (Kenya, Tanzania, Malawi) and south African region (Zambia, Zimbabwe, Namibia, Botswana, Mozambique and South Africa), Songwon said.
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