Expanded global relationship brings an array
of specialty ingredients with a diverse range of applications to
customers seeking more reliable and sustainable metalworking fluid
solutions
DOWNERS
GROVE, Ill., May 3, 2023
/PRNewswire/ -- Univar Solutions China Company Limited, a
subsidiary of Univar Solutions Inc. (NYSE: UNVR) ("Univar
Solutions" or "the Company"), a leading global solutions provider
to users of specialty ingredients and chemicals, today announced a
new exclusive agreement with Solvay, expanding the partnership
between the two companies for a broad range of lubricant and
metalworking fluid additives for multiple markets in
Eastern China, including
Shanghai, Jiangsu, Zhejiang, Anhui, Hunan,
and Jiangxi. The agreement
includes high performance specialty additives and components for
optimized metal surface cleaning, finishing, and treatment,
including surfactants, degreasers, emulsifiers, boosters, and other
additives increasingly sought by formulators looking for
multifunctional ingredients that demonstrate excellent
compatibility with a wide array of processes and applications while
mitigating friction and wear.
Univar Solutions and Solvay Strengthen
Partnership with Exclusive Lubricants and Metalworking Fluids
Agreement in China
"Leveraging the longtime partnership between our companies, we
are excited to strengthen and diversify our presence in the
Asia Pacific region, where
strategic growth opportunities for customers, suppliers, and
specialty chemical and ingredient distributors abound," said
Federico Montaner, global vice
president of lubricants and metalworking fluids for Univar
Solutions. "Univar Solutions has the sales, product, and logistics
experience, along with technical expertise and leadership in the
lubricants and metalworking fluids industry to truly support
Solvay's portfolio of innovative and reliable materials that exceed
expectations for performance, safety, and sustainability."
Whether specialty product innovation, sustainability, or
formulation testing, manufacturers of all sizes and from all over
the globe look to Univar Solutions for support accessing in-demand
ingredients and tackling product development challenges. Across
Eastern China, customers seeking
to optimize the long-term performance of metal surface treatments
will have access to a wide array of Solvay's specialty ingredients
ranging from industrial metal cleaning additives such as Addikleen™
to friction modifiers like Fentamine® and biodegradable metal
treatment emulsifiers such as Alkamuls®. Combining greater local
product inventory, a broader range of ingredients, and deep
industry and supply chain expertise, manufacturers in the region
can count on Univar Solutions for versatile and high-performing
solutions.
"At Solvay, our specialty lubricant and metalworking fluid
additives contribute to outstanding mechanical performance and
efficiency while helping formulators meet today's customers'
demands for product sustainability," noted Matthias Braem, vice president, coatings and
industrial at Solvay. "With Univar Solutions sharing our commitment
to innovation and performance while also advancing more sustainable
solutions, we are excited to move forward together and successfully
serve our customers in the Asia
Pacific region."
Myron Li, general manager of
China and Southeast Asia for Univar Solutions, added,
"Our outstanding service and experienced technical and sales teams
enable us to provide customers with holistic solutions for product
innovation, formulation optimization, and logistics support. Solvay
has a comprehensive lubricants and metalworking fluids additives
product line, with strong chemical production, research and
development capabilities, and an extensive product range to meet
the needs of customers. We're excited to work in collaboration in
Eastern China to establish greater
access for customers seeking their metalworking products for
industrial surface cleaning, treatment, and optimization. Our
teamwork is vital to providing customers with winning solutions and
we look forward to growing together in other regions of
China and Asia Pacific."
For more information about Univar Solutions' lubricants and
metalworking fluids business, visit
univarsolutions.com/industries/lubricants-metalworking.
About Univar Solutions
Univar Solutions (NYSE: UNVR)
is a leading global specialty chemical and ingredient distributor
representing a premier portfolio from the world's leading
producers. With the industry's largest private transportation fleet
and technical sales force, unparalleled logistics know-how, deep
market and regulatory knowledge, formulation and recipe
development, and leading digital tools, the Company is
well-positioned to offer tailored solutions and value-added
services to a wide range of markets, industries, and applications.
While fulfilling its purpose to help keep communities healthy, fed,
clean and safe, Univar Solutions is committed to helping customers
and suppliers innovate and focus on Growing Together. Learn more at
univarsolutions.com.
About Solvay
Solvay is a science company whose
technologies bring benefits to many aspects of daily life. With
more than 21,000 employees in 63 countries, Solvay bonds people,
ideas and elements to reinvent progress. The Group seeks to create
sustainable shared value for all, notably through its Solvay One
Planet roadmap crafted around three pillars: protecting the
climate, preserving resources and fostering a better life. The
Group's innovative solutions contribute to safer, cleaner, and more
sustainable products found in homes, food and consumer goods,
planes, cars, batteries, smart devices, health care applications,
water and air purification systems. Founded in 1863, Solvay today
ranks among the world's top three companies for the vast majority
of its activities and delivered net sales of €10.1 billion in 2021.
Solvay is listed on Euronext Brussels and Paris (SOLB). Learn more at solvay.com.
Forward-Looking Statements
This press release
includes certain statements relating to future events and our
intentions, beliefs, expectations, and outlook for the future,
which are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are subject to known and unknown risks and
uncertainties, many of which may be beyond the Company's control.
These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from the expectations and assumptions. A detailed discussion of
these factors and uncertainties is contained in the Company's
filings with the Securities and Exchange Commission. Potential
factors that could affect such forward-looking statements include,
among others: general economic conditions, particularly
fluctuations in industrial production and consumption and the
timing and extent of economic downturns increased competitive
pressures, including as a result of competitor consolidation;
potential supply chain disruptions; significant changes in the
pricing, demand and availability of chemicals; our indebtedness,
the restrictions imposed by, and costs associated with, our debt
instruments, and our ability to obtain additional financing; the
broad spectrum of laws and regulations that we are subject to,
including extensive environmental, health and safety laws and
regulations and changes in tax laws; potential cybersecurity
incidents, including security breaches; an inability to generate
sufficient working capital; transportation related challenges,
including increases in transportation and fuel costs, changes in
our relationship with third party transportation providers, and
ability to attract and retain qualified drivers; accidents, safety
failures, environmental damage, product quality issues; delivery
failures or hazards and risks related to our operations and the
hazardous materials we handle, potential inability to obtain
adequate insurance coverage; ongoing litigation, potential product
liability claims and recalls, and other environmental, legal and
regulatory risks; challenges associated with international
operations; exposure to interest rate and currency
fluctuations; possible impairment of goodwill and intangible
assets; the ongoing and evolving COVID-19 pandemic, including
impacts on the global economy, our employees, customers, vendors
and suppliers, and our business, results of operation and financial
condition; significant changes in the business strategies of
producers or in the operations of our customers; an inability to
integrate the business and systems of companies we acquire,
including failure to realize the anticipated benefits of such
acquisitions; negative developments affecting our pension plans and
multi-employer pensions; labor disruptions associated with the
unionized portion of our workforce; our ability to attract or
retain a qualified and diverse workforce; our ability to execute on
our strategies related to environmental, social, and governance
matters, and achieve related expectations may be impacted as a
result of evolving regulatory and other standards, processes, and
assumptions, the pace of scientific and technological developments,
increased costs and the availability of requisite financing and
changes in carbon markets; and the other factors described in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2021, as well as other
filings with the Securities and Exchange Commission. We caution you
that the forward-looking information presented in this press
release is not a guarantee of future events or results, and that
actual events or results may differ materially from those made in
or suggested by the forward-looking information contained in this
press release. In addition, forward-looking statements generally
can be identified by the use of forward-looking terminology such as
"may," "plan," "seek, "will," "expect," "intend," "estimate,"
"anticipate," "believe" or "continue" or the negative thereof or
variations thereon or similar terminology. Any forward-looking
information presented herein is made only as of the date of this
press release and the Company does not undertake any obligation to
update or revise any forward-looking information to reflect changes
in assumptions, the occurrence of unanticipated events, or
otherwise, except as required by law.
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SOURCE Univar Solutions Inc.