Allnex-Eternal Distribution Agreement for Etermino® Resins Outside Greater China
ALPHARETTA, Georgia – As part of the Allnex-Eternal Joint Venture relationship, effective April 1, 2016, Allnex will be the exclusive distributor of Eternal’s ETERMINO®amino resin grades in markets outside of Greater China. As part of the distribution agreement, ETERMINO resin orders and business transactions outside of Greater China will be managed by Allnex. ETERMINO resins are used as curing agents in can, automotive/bicycle, acid-curing wood, coil and other industrial coating applications.
“This agreement signifies great progress for Allnex and Eternal,” says Tom Kelly, Global Business Director Crosslinkers. “As the ETERMINO resins allow us to broaden our portfolio of product offerings and offer shorter lead times for customers in the Asia Pacific region.”
In 2014, Allnex and Eternal Materials Co, Ltd announced a Joint Venture. As part of this agreement, the parties decided to manufacture and sell select CYMEL® amino crosslinking resins in Greater China. CYMEL® amino crosslinkers have been used for over 50 years in metal, wood and rubber coating applications, including automotive OEM, kitchen cabinets, metal food and beverage packaging, metal building products, tire and general metal finishing.