Conventus Polymers: Opening of subsidiary in Shanghai
Parsippany-based US distributor Conventus Polymers has established a Chinese subsidiary, Shanghai Conventus Polymers New Materials Co., Ltd.
The company has been doing business in China for several years. The Chinese initiative will expand the company’s reach into existing strategic markets such as electrical/electronics, industrial, and healthcare. 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.
To service the Chinese market, the US company has established warehouses in East and South China. The company has four compounding partners in China, and said that it 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 distributor is selling the same global portfolio of products in China including TPVs, specialty polyamides, polysulfones, and custom compounds.
The product portfolios includes a range of own TPEs marketed under the brand name Duraflex as well as products from international suppliers such as Innoprene TPV from Kumho Polychem.