Applied Graphene Materials plc (LON:AGM), the producer of specialty graphene additives, has announced that it has signed a distribution agreement with Manho Polymers Co. Ltd. The agreement further extends AGM’s commercial focus directly into the coatings and polymers sectors across South Korea.
Manho Polymers is a leading chemicals distributor in South Korea with a history of delivering innovative products to the coatings and polymers market. The agreement enables AGM to access the fourth largest coatings market in the Asia region, estimated in 2018 to be producing in excess of 900 million litres of paint annually, with a market value of over USD4.6billion per year.
AGM and Manho Polymers have an exclusive agreement that will see the two companies collaborate on customer opportunities and introduce AGM’s proprietary Genable® graphene dispersions technology into the South Korean coatings and broader liquid resins markets.
Min-Haeng Lee, CEO of Manho Polymer, commented:
“We are very glad to start cooperation with AGM. AGM is one of the leading innovators in graphene materials, with high potential and vision to change the future.
We are excited to introduce AGM’s graphene solution into South Korea, which is one the of biggest coating markets in Asia. Furthermore, we will do our best to contribute to AGM’s business by expanding its applications to new industries, such as batteries, semi-conductors, and electronics, which have a strong presence in our country. We look forward to developing our cooperation and to joint successes in South Korea.”
Adrian Potts, CEO of AGM, commented:
“The agreement with ManHo Polymers in South Korea represents further major progress in the development of our global network of specialist distributors to our key customer market sectors. AGM’s strategy is to partner with outstanding, skilled, distribution companies with the right technical understanding and capability to effectively support customer engagement around our innovative graphene nanoplatelet technology. We look forward to working closely with ManHo Polymers to ensure their success in the significant South Korean market as they create opportunities for our products in the high-performance coatings and polymers spaces.”