LyondellBasell appoints De Monchy International BV as their distributor
De Monchy International BV represents the Koattro metallocene-based Polybutene-1 (mPB-1) product portfolio from LyondellBasell
Rotterdam / Capelle aan den IJssel, 6 October 2020 -
LyondellBasell, one of the world’s largest plastics, chemicals and refining companies and De Monchy, an international trading company, are pleased to announce that, as of July 1, 2020, they have entered a distribution agreement. From this date, De Monchy International BV has been appointed to distribute LyondellBasell Koattro mPB-1 product portfolio within the Hot Melt Adhesives (HMA) segment. The geographic distribution area will be the north-western and central Europe.
“To be successful in the Hot Melt Adhesives segment, dedicated expertise and a separate focus from our traditional thermoplastics applications is required,” says Johanna Jones, Marketing Director Europe at LyondellBasell. “De Monchy provides a network and complementary product portfolio to position and grow our Koattro mPB-1 products within the HMA segment. We look forward to growing the business together.”
“De Monchy is extremely pleased and proud to represent LyondellBasell,” says Gerko Snel, Managing Director at De Monchy International BV. “LyondellBasell, is recognizing the Hot Melt Adhesives market as a potential growth market, and De Monchy is able to support and realize this growth based on its local market expertise, technical know-how and network. A welcome and good fit for a successful and flourishing partnership. ‘’
Both companies believe that the Hot Melt Adhesives market has a big growth potential. There is a clear trend within this industry towards using metallocene products as polymer backbone of HMA formulations. Koattro mPB-1 products offer unique characteristics, such as very low volatile organic compounds (VOCs), that meet the increasingly demanding requirements of the end-use applications. HMA’s are mainly used in the construction, automotive, wood working and profile wrapping, mattresses, upholstery, packaging, and in the hygiene non-woven industries.
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polymer compounds and the largest licensor of polyolefin technologies.
About De Monchy International BV
De Monchy International BV was founded in 1851 as an international trading company. They are known for their expert technical advice. The company specializes in products for coatings, adhesives, thermoplastics and waxes. An excellent network and ability to connect leading product manufacturers with the converting industry, makes De Monchy International BV an excellent consulting distributor in North West Europe. Creating products that giving shape to the day of tomorrow, essential to the society and its citizens, motivates De Monchy employees to go the extra mile.
Dominique van den Berge
De Monchy International BV
+ 31 10 413 03 20
Manager, Marketing Communications
+ 32 471 841 438
Koattro is a trademark owned and/or used by the LyondellBasell family of companies and is registered in the U.S. Patent and Trademark Office.
The statements in this release relating to matters that are not historical facts are forward-looking statements. These forward-looking statements are based upon assumptions of management which are believed to be reasonable at the time made and are subject to significant risks and uncertainties. Actual results could differ materially based on factors including, but not limited to, the business cyclicality of the chemical, polymers and refining industries; the availability, cost and price volatility of raw materials and utilities; competitive product and pricing pressures; labor conditions; operating interruptions; the supply/demand balances for our and our joint ventures' products, and the related effects of industry production capacities and operating rates. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the "Risk Factors" sections of our Form 10-K for the year ended December 31, 2019, and ourForm 10-Q for the quarter ended March 31, 2020, which can be found at www.LyondellBasell.com on the Investor Relations page and on the Securities and Exchange Commission's website at www.sec.gov.