Armacell and Thermaflex sign commercial co-operation agreement to jointly serve the Russian market
Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, and Thermaflex, a Netherlandsbased manufacturer of high-end PE and pre-insulated piping solutions, today announced their agreement to jointly serve the Russian market.
As part of this agreement, Thermaflex will operate as the exclusive distributor for Armacell in the Russian Federation. The agreement will initially run for a 5-year term with multiple extension possibilities.
Patrick Mathieu, President & CEO of the Armacell Group, commented: “Our customers will benefit from a combined elastomeric and thermoplastic product offering and enhanced customer service levels. Going forward our elastomeric products and accessories will be manufactured through Armacell’s European production network.” Production at the company’s Russian facility in Lobnya, north of Moscow, will be discontinued.
Hans de Haas, CEO of Thermaflex, added: “We are delighted to work with Armacell, a global industry and technology leader. Together, we will strengthen our presence in Russia and jointly serve the growing domestic demand for high-quality thermal insulation solutions.”
The parties have agreed to remain silent on the financial terms of the deal.
Communiqués liés
Gcore Recognised as Highly Commended in the Industry Innovat...
Gcore acknowledged for successful launch of first AI speech-to-text solution for...
MOMENTUM 2024 drives sustainable solutions forward
Deloitte’s annual MOMENTUM Conference fosters a dynamic exchange between indus...
Nouvelle recrue au service client de NO-NAIL BOXES : Nadine ...
NO-NAIL BOXES, le fabricant luxembourgeois de caisses pliantes en bois contrepla...
Réseau ETRE est le nouveau lauréat du Degroof Petercam Fou...
Réseau ETRE remporte la sixième édition du Degroof Petercam Foundation Award....
Le Groupe ALIPA accueille une étudiante dans le cadre du Jo...
ALIPA Group, spécialiste du levage et de l’emballage industriel, a accueilli ...
Quintet lance le premier d’une série de nouveaux fonds e...
La banque privée européenne lance un fonds d’actions américaines sous gesti...
Il n'y a aucun résultat pour votre recherche