DKSH has expanded its distribution agreement with Stepan, a leading global manufacturer of specialty and intermediate surfactant chemicals, to provide its products for metalworking applications in India and South Korea.
Media release
Zurich, May 20, 2021 – DKSH's Business Unit Performance Materials, a leading ingredients and specialty chemicals distributor, has expanded its distribution agreement with Stepan in India and South Korea. Under the agreement, DKSH will be the exclusive partner to provide marketing and sales, distribution and logistics as well as customer management for Stepan's portfolio of specialty and intermediate chemicals to the metalworking fluids market. DKSH and Stepan had already started the cooperation in this application segment in Thailand last year.
In addition to its leading position as a distributor of specialty chemicals and ingredients in Asia Pacific, DKSH was once again selected by Stepan thanks to its strong capabilities in logistics, deep market insights and proven track record of marketing, sales and distribution.
Eric R. Hernandez, Channel Manager – Asia Pacific, Stepan Asia, commented: “We are looking forward to building on our already successful relationship with DKSH. The expansion in India and South Korea is a great opportunity for us to jointly increase our market growth.”
Ramon J. Viñas, Vice President, Global Specialty Chemicals Industry, Performance Materials, DKSH, added: “We are grateful to Stepan for their continued trust in our organization and are very excited to diversify their specialties into metalworking applications. With extensive market coverage in India and South Korea, supported by strong technical expertise and innovation center capabilities, we are confident to rapidly penetrate this growing segment.”
For further information, please contact:
DKSH Performance Materials
Daniel Hollister
Senior Manager, Group Marketing
Phone +44 20 8879 5500
daniel.hollister@dksh.com
Stepan Asia Pte Ltd
Joyce F. Wong
Marketing Manager
Phone +65 9725 9586
JFWong@stepan.com
About Stepan
Stepan Company is a global leader in the manufacturing of chemicals including specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning compounds and in agricultural and oilfield solutions. The Company is a leading supplier of polyurethane polyols used in the expanding thermal insulation market and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries. Headquartered in Northfield, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia. Learn more: https://www.stepan.com/default.aspx
About DKSH
At DKSH, our purpose is to enrich people’s lives. For more than 150 years, we have been delivering growth for companies in Asia and beyond across our Business Units Healthcare, Consumer Goods, Performance Materials and Technology. As a leading Market Expansion Services provider, we offer sourcing, market insights, marketing and sales, eCommerce, distribution and logistics as well as after-sales services. Listed on the SIX Swiss Exchange, DKSH operates in 36 markets with 32,450 specialists, generating net sales of CHF 10.7 billion in 2020.
The DKSH Business Unit Performance Materials distributes specialty chemicals and ingredients for food, pharmaceutical, personal care and various industrial applications. With 48 innovation centers and regulatory support worldwide, we create cutting-edge formulations that comply with local regulations. With around 1,260 specialists, the Business Unit generated net sales of CHF 1.1 billion in 2020. www.dksh.com/pm