|Published : 21 Mar 2017, 13:10:21|
Covestro appoints Connell Brother as its channel partner in BD
FE Online Desk
With the APAC region occupying a considerable position in it’s business plans, Covestro, a manufacturer of hi-tech polymer materials and innovative product solutions, has appointed Connell Brother as its channel partner at Bangladesh. The announcement is scheduled to be made during a joint event conducted by Covestro & Connell and Covestro AG on March 22 at Le Méridien Dhaka.
After the successful completion of one year since its independence from the parent company - Bayer, Covestro continues to fortify its position in the global coatings and adhesives market.
For the past few years, Covestro has witnessed profitable growth in its coating and adhesive business and Bangladesh enjoys a position of strategic importance in this region. It is the fastest growing economy and offers major growth opportunities in the footwear, wood furniture, and construction markets. Bangladesh also stands as one of the major export hubs for footwear and is growing at an exponential rate.
Commenting on the development, Dr. Kumar Iyer, Head Commercial Operations- BU Coatings, Adhesives & Specialties, India Sub-continent said, “Footwear is an increasingly important application in the Bangladesh market, especially our adhesives for the sports shoes and leather footwear markets. The local formulation development will be well supported by the technical centre at Mumbai, India. In addition, Our Innovation centre based in Shanghai, China will help in developing new PU products by listening to the market and providing solutions meeting the customer requirement”.
“This partnership with Connell Brother will help us to serve our customers by bring value added PU coatings and adhesive solutions to market at a faster pace”, he added.