Eastman Chemical Company is pleased to announce that, in August 2020, Eastman Chemical Ltd entered into a distribution agreement with DKSH, a Swiss-headquartered company. DKSH will be tasked with growing Eastman's Personal Care business in existing markets and expanding into new ones, as a distributor of Eastman across the entire Asia-Pacific region. This collaboration marks another step along Eastman's transformation journey to create value to customers through faster innovation and commercialization.
"As a specialty materials company, we continue to expand our inhouse R&D and formulation skills and capabilities. Complementary to this, we will now also be drawing on the valuable formulation expertise of a company deeply rooted in communities across the Asia Pacific region that has its own labs. This will help local customers get access to our personal care and cosmetics innovations more swiftly and easily," says Christian Derbez, Sales Director AP region at Eastman.
Roland Kraut, Vice President, Global Personal Care Industry, Performance Materials, DKSH adds: "We have a dedicated team of more than 100 personal care specialists who understand the language of the brand owners in the Asia Pacific region. We are excited about this relationship and look forward to putting Eastman's products in the spotlight in this important market."
Eastman has a long history of providing specialty ingredients to the personal care and cosmetics industry. We have a wide variety of products available —from adhesion promoters to film formers to emollient esters—to help boost product performance.
DKSH is the leading Market Expansion Services provider with a focus on Asia. The Group helps companies to grow across the Business Units Healthcare, Consumer Goods, Performance Materials and Technology. The service portfolio covers sourcing, market insights, marketing and sales, eCommerce, distribution and logistics as well as after-sales services. Publicly listed on the SIX Swiss Exchange, the Group operates in 36 markets with 33,350 specialists, generating net sales of CHF 11.6 billion in 2019. With its Swiss heritage, DKSH has been deeply rooted in Asia Pacific since 1865. The DKSH Business Unit Performance Materials distributes specialty chemicals and ingredients for food, pharmaceutical, personal care and various industrial applications. With 46 innovation centers and regulatory support worldwide, we create cutting-edge formulations that comply with local regulations. With around 1,100 specialists, the Business Unit generated net sales of CHF 1.0 billion in 2019.