Songwon Industrial Co., Ltd. (Ulsan, South Korea) announced that it has expanded its distribution partnership with Singapore-based MegaChem. Since September 2019, MegaChem has been the exclusive distributor of SONGWON’s antioxidants for fuels and lubricants in the ASEAN region (Association of Southeast Asian Nations). On the back of the success in these countries, SONGWON has extended MegaChem’s coverage to include Australia and New Zealand (ANZ).
“Enlarging the exclusive territory with ANZ demonstrates the confidence we have in MegaChem’s in-market experience and ability to expand our customer base in these two countries and drive further growth for our Fuel and Lubricants business,” says SONGWON’s Gerard Mulqueen, leader of the fuel and lubricant additives business
“MegaChem is extremely excited about the expansion of this distribution agreement with SONGWON,” adds Sidney Chew, managing director of MegaChem. “With our extensive distribution network, we perfectly positioned to propel SONGWON’s product penetration in these two new regions while consistently delivering the same high-quality customer service as we have done for Songwon in ASEAN.”
Under the distribution agreement, MegaChem will supply the SONGNOX L101, L107, L115 and L135 phenolic antioxidants; SONGNOX L670 and L570 aminic antioxidants; SONGNOX L416 phosphite antioxidant; and the SONGNOX L224 and L226 thioester.
Source: SONGWON, www.songwon.com.