PERNIS, the Netherlands - Hexion Inc. (“Hexion” or the “Company”), one of the leading global producers of Versatic™ Acids and Derivatives, and NEO Chemical, a Russian distributor have announced a distribution agreement for Versatic™Acids and Derivatives, VeoVa™ Vinyl Esters and Cardura™ Glycidyl Esters in the Russian Federation.
Hexion & NEO Chemical Enter Distribution Agreement for Acids and Derivatives Product Line
Distribution Agreement for Acids and Derivatives
NEO Chemical will represent Hexion VAD B.V., a subsidiary of Hexion, and its Versatic™ Acids and Derivatives product line, which is used in a wide range of applications including:
NEO Chemical is a high-performance company and one of the leading distributors of qualitative chemical materials committed toward developing professional knowledge and skills, while dynamically progressing together with partners. NEO Chemical has seven offices and warehouses on the territory of the Russian Federation (Dzerzhinsk, Moscow, St. Petersburg, Yekaterinburg, Novosibirsk, Krasnoyarsk, Irkutsk), and also four representative offices abroad (Germany, Ukraine, Kazakhstan, China) to organize effective cooperation with its customers and suppliers. The NEO Chemical staff has been trained on the Versatic™ Acids and Derivatives product portfolio at the Hexion’s research and development facility near Brussels, Belgium.
Excellent Building Blocks for Resins
“We are pleased to establish this partnership with NEO Chemical
,” said Harold Schweitzer, Vice President and General Manager, Versatic™ Acids and Derivatives. “Our Versatics business unit is the number one global supplier of Versatic™ Acids and Derivatives primarily to the polymer, paints, coatings and adhesives markets and this distribution agreement will further support our efforts to serve the growing Russian Federation market. Versatic™ Acids and Derivatives are excellent intermediates, building blocks and monomers enabling the production of cost-competitive emulsions, high solids and waterborne resins. These resins, in turn, facilitate the trend towards low V.O.C. and environmentally-preferable finishes. From protecting the coating on your car to improving the strength and durability of concrete, Versatic product-based compounds have a well-established track record of performanc
Other products and applications that benefit from the incorporation of Versatic™ Acids and Derivatives chemistry include:
- Decorative paints
Based in Columbus, Ohio, Hexion Inc. is one of the global leaders in specialty chemicals. Hexion Inc. serves multiple global markets such as the automotive, paints, coatings, wood and industrial markets through a broad range of specialty products and technical support for customers. Hexion Inc. is controlled by investment funds affiliated with Apollo Global Management, LLC.
About NEO Chemical
NEO Chemical delivers chemical products from Europe, Asia, America for various industries: metallurgy, petroleum, gas, paint and varnish, polymer, construction and building industries and others. The product range includes more than 150 varieties of raw materials and more than 1000 names of goods.