ise-view-Article Detail Bottom List
Conventus Polymers opens new subsidiary in China
Source：Plastics News Asia
Date Published：6/1/2020 02:06:40 PM
Conventus Polymers LLC has set up a subsidiary which will offer the company’s broad portfolio of products to processors and end users in China
Conventus Polymers LLC, a leading distributor of high-performance engineering thermoplastics, has established a Chinese subsidiary, Shanghai Conventus Polymers New Materials Co., Ltd., based in Shanghai, which will offer the company’s broad portfolio of products to processors and end users throughout the Chinese provinces. The expansion into China is part of the company’s overall business strategy to grow into key geographic regions.
Conventus has been doing business in China for several years. Establishing a legal entity strengthens its position in the Chinese market and allows the company to offer world-class service to both local customers (plastic converters) and U.S.-based OEMs that it currently supports.
According to John Jorgensen, president of Conventus Polymers, the compay's business is growing quickly and with its extensive product portfolio of specialty engineering plastics, Conventus is firmly positioned as a strategic supplier. The move into China signals Conventus' further commitment to key multinational OEMs.
The Chinese initiative will expand Conventus’ reach into existing strategic markets such as electrical/electronics, industrial, and healthcare, according to Mr. Jorgensen. With a legal operating entity in China, Conventus can offer its international customers import and export capabilities, local inventory and warehousing, local currency transactions, and Delivered Duty Paid (DDP) Incoterms. Conventus will handle all exporting, importing, insurance, customs clearance, duty costs, and freight from port to warehouse to the customer.
To service the Chinese market, Conventus has established several warehouses close to its customers in East China and South China. The company has four compounding partners in China, each specializing in different areas to offer a full portfolio in addition to quick turnaround times and minimal freight costs. Conventus will benefit from significantly lower compounding conversion costs which will make its products more competitive in the region. Conventus has hired a team of three people to provide local sales coverage. The team is expected to grow in the near future.
Conventus is selling the same global portfolio of products in China including specialty nylons, polysulfones, thermoplastic vulcanizates (TPVs), and custom compounds.