Rhein Chemie and Shin Han Chemical conclude licensing agreement on tire tread marking inks
Monday, 29. November 2010 Environmentally friendly tire tread marking inks tie in nicely with Rhein Chemie solutions for the tire industry
Mannheim, November 29, 2010 – Rhein Chemie Rheinau GmbH and Shin Han Chemical Co. Ltd., South Korea, have concluded a licensing agreement on tire tread marking inks. This allows Rhein Chemie to manufacture and sell these tire tread marking inks using know-how from Shin Han Chemical in nearly every country around the world. Excepted are only North and South Korea, China, Hong Kong, Indonesia, Japan, Cambodia, Laos, Myanmar, Macao, Singapore, Vietnam, Taiwan and Mongolia.
Rhein Chemie markets the tire tread marking inks under the name Rhenomark® MP. “This is the perfect addition to our solutions for the tire industry,” said Frank Lueckgen, Executive Vice President of Rhein Chemie’s Rubber Division.
Like the Rhenodiv® release agents from Rhein Chemie, Rhenomark® MP is also water-based and thus environmentally friendly. Rhenomark® MP exhibits excellent covering power, brilliance, bonding strength and water resistance. The ink also boasts a very short drying time for a water-based product, which means that the production process does not need to be modified. As a result, Rhenomark® is a cost-effective alternative to solvent-based products.
It will be easy for the company to incorporate the new product group into its existing portfolio, because it has years of experience with the introduction of water-based release agents (Rhenodiv®). “We have already worked with Shin Han Chemical to further develop tire tread marking inks and position them successfully with customers. This therefore creates the ideal foundation for the further expansion of our business. Both Rhein Chemie and Shin Han Chemical will benefit from these agreements,” said Lueckgen.
Sung-Hoon Park, Managing Director of Shin Han Chemical, quickly summarized the advantages: “By forming a partnership with Rhein Chemie, we benefit from the company’s many years of experience in water-based products for the tire industry and from its global distribution network. This will enable us to achieve even better market penetration with our innovative tire tread marking inks.”
Rhein Chemie serves the tire industry with a broad portfolio, including accelerators, standard and specialty chemicals, anti sun-check waxes, processing promoters, release agents and tire marking inks.
About Rhein Chemie
Rhein Chemie develops, produces and sells additives, specialty chemicals and service products for the rubber, lubricant and plastics industries. In fiscal 2009 Rhein Chemie achieved sales of EUR 226 million with approximately 800 employees worldwide. The company is headquartered in Mannheim, Germany and has production facilities in Europe, Asia and North and South America. Rhein Chemie is a wholly owned subsidiary of the specialty chemicals group LANXESS, Leverkusen, Germany.
Mannheim, 29. November 2010
This company release contains certain forward-looking statements, including assumptions, opinions, expectations and views of the company or cited from third party sources. Various known and unknown risks, uncertainties and other factors could cause the actual results, financial position, development or performance of LANXESS AG to differ materially from the estimations expressed or implied herein. LANXESS AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or the actual occurrence of the forecast developments. No representation or warranty (expressed or implied) is made as to, and no reliance should be placed on, any information, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and accordingly, no representative of LANXESS AG or any of its affiliated companies or any of such person's officers, directors or employees accept any liability whatsoever arising directly or indirectly from the use of this document.