Nexam Chemical enters into a three year exclusive supply agreement with Armacell
Nexam Chemical enters into a three year exclusive supply agreement with Armacell, the world's largest producer of PET foam. Armacell has exclusivity on the use of Nexam Chemical’s products to PET foam, provided they purchase a minimum volume during the contract period. The agreed minimum volumes for Armacell to retain their market exclusivity are 10 tons in 2014, 75 tons in 2015 and 150 tons in 2016.Armacell is the world's leading producer of PET foam and is headquartered in Germany. The PET foam operations are based in Belgium. As described in previous quarterly reports, an unnamed