Conventus Polymers sets up shop in Mexico
Engineering thermoplastics distributor Conventus Polymers LLC (Parsippany, NJ) has established a Mexican subsidiary, Conventus Polymers de Mexico, based in Guadalajara. It will offer the company?s product portfolio, including specialty nylons, polycarbonates, polysulfones, PEEK, thermoplastic vulcanizates and custom compounds, to processors and end users throughout the Mexican market.
Conventus has been doing business in Mexico for several years, the company noted. Establishing a legal entity strengthens its position in the Mexican market and allows the company to offer world-class service to both local plastic converters as well as U.S.-based OEMs that it currently supports. ?Mexico makes strategic sense for several reasons, including our further commitment to key multinational OEMs,? said John Jorgensen, President of Conventus Polymers.
The Mexican initiative will expand Conventus? reach into existing strategic markets such as automotive, electrical, industrial and consumer, according to Jorgensen. With a legal operating entity in Mexico, Conventus can offer its international customers import and export capabilities, local inventory and warehousing and local currency transactions, among other services. Conventus will handle all exporting, importing, insurance, customs clearance, duty costs, and freight from port to warehouse to the customer.
Conventus has established warehouses in Guadalajara and Queretaro in addition to its warehouses on the border. A compounding partner performs toll compounding of Conventus-branded products in Queretaro. This tolling arrangement allows Conventus to offer local production with quick turnaround times and minimal freight costs, the company said, adding that it will benefit from lower compounding conversion costs, which will make its products more competitive in the region.
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» Publication Date: 02/12/2019