With the APAC region occupying a considerable position in it’s business plans, Covestro, a manufacturer of high-tech polymer materials and innovative product solutions, has appointed Connell Brother as its channel partner at Bangladesh to further its reach and market share in the country. The announcement is scheduled to be made during a joint event conducted by Covestro & Connell and Covestro AG on 22 March 2017 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 center in Mumbai, India. In addition, Our Innovation center 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 bringing value-added PU coatings and adhesive solutions to market at a faster pace.”,” he added.
Founded in 1898 in Washington, Connell Brother (CBC) has a rich history tracing over 100 years in specialty chemical sales and distribution. It has strong footholds in Asia Pacific through its extensive distribution networks and is a well-established brand in Bangladesh for various industry segments since 2006. Covestro & Connell Brothers will support coating and adhesives customers by providing tailored products and services addressing the need for higher performance, efficiency, and sustainability.