SINGAPORE--(BUSINESS WIRE)--R&P (Pte) Ltd (“R&P”), who had been a toll compounder for ExxonMobil Chemical (“EMC”) in the TPO market from September 2008 to October 2014, and was responsible for producing EMC’s Exxtral™ grades for the said period, is pleased to announce that R&P has licensed from EMC the technology to produce similar Specialty PP Compounds (TPO) to be marketed under R&P’s brand name, STERLENE™ for the Asia Pacific region, which includes China, Japan, Korea, India, ASEAN and the OCEANIA countries.
The License grants to R&P the right to use the formulations, product designs and previous product codes created under Exxtral™ grades that were developed and/ or manufactured at R&P, which offers a comprehensive range of TPOs for bumper, interior, exterior and underhood applications. EMC has further agreed to supply PP to R&P.
With the strong foundation built over our last six years of toll compounding working hand-in-hand with EMC for Exxtral™ grades, R&P’s primary goal now is to provide continuity in TPO supply to all existing automotive customers in the Asia-Pacific region who have been strong supporters of Exxtral™ grades. At the same time, with the burgeoning growth in Asia-Pacific’s automotive markets, the TPO compounds business will provide extended growth opportunities to R&P working hand in hand with customers on new products development.
“We look forward to continuing to be a reliable supplier of our STERLENE™ TPO products to strong supporters who have over the past years provided us the opportunities to be of service to them, and will endeavour our very best to augment our chain of customers. At the same time, we take pleasure in announcing that Shanghai Hop Zenith Chemical Trading Co., Ltd will be our main distributor in China for all of R&P’s products, including STERLENE™,” YK Tan, R&P Chairman, said.