Aekyung Chemical lately signed an settlement to accumulate a surfactant plant in Indonesia, finishing its international manufacturing footprint spanning the Cheongyang plant in South Korea and AK VINA in Vietnam.
The corporate introduced on Dec. 4 that it accomplished the acquisition procedures early final month for the Evonik plant, a surfactant manufacturing facility situated in Bekasi Timur, Indonesia.
Surfactants present a variety of features in each shopper and industrial merchandise, and international demand has been growing. Specifically, rising consumption of merchandise containing surfactants in creating nations is contributing to the expansion of the worldwide market.
With the acquisition of the Indonesian plant, Aekyung Chemical has gained the power to strategically design and function a product portfolio throughout home and abroad manufacturing hubs. A steady provide of uncooked supplies is predicted to strengthen price competitiveness. As well as, the corporate has established a system to scale back logistics-related transportation dangers and prices and to supply surfactants in a well timed method tailor-made to native traits and provide them to prospects.
Virtually, the corporate plans to cowl China, Laos, and Cambodia from its Vietnam plant on the jap facet of the Indochina Peninsula, and to serve the Australian market from Indonesia on the southwestern facet. Via this setup, Aekyung Chemical goals to fabricate merchandise suited to every area and strengthen gross sales actions with native prospects. The corporate famous that with multinational firms more and more demanding domestically sourced surfactants, it expects to safe market share extra simply and reinforce its presence throughout the Asia-Pacific area.
An organization official stated, “By securing a manufacturing hub in Indonesia, we at the moment are in a position to strengthen our abroad provide chain,” including, “By advancing our manufacturing and logistics infrastructure, we are going to reinforce the inspiration for mid- to long-term abroad enlargement and speed up market penetration.”
