Megachem hammers a SPA with Japanese-based Chori Co.

SGX-listed chemical solutions provider planning a "mutual expansion" through expertise sharing.

In an announcement to the exchange, MegaChem Limited (“MegaChem” or the “Company”, and together with its subsidiaries and associated companies, collectively the “Group”), a global one-stop specialty chemical solutions provider, said it has entered into a strategic partnership agreement (“SPA”) with Japanese group, Chori Co. Ltd. (“Chori” or “Chori Group”), for the mutual expansion of both parties’ chemicals business through the tapping of respective marketing expertise and network.

"Chori Group is predominantly engaged in the business of trading and manufacturing textiles, as well as chemicals and machinery operations. MegaChem’s agreement with Chori will focus mainly on Chori’s chemical products segment, catering to increasing demand for chemicals in Asia," said MegaChem.

“Given Japan’s importance in the chemical value chain, this landmark agreement with the Chori Group is significant on many levels. Besides strengthening our supply sources, both Chori and MegaChem are expected to benefit from each other’s synergistic capabilities in chemicals. The resultant widened product range will also provide us with greater thrust in building up our business in selected market segments as yet fully tapped into by the Group," said MegaChem’s Executive Chairman and Managing Director, Mr Sidney Chew.

For his part, Chori’s Executive Director, Mr Noboru Kojima, commented, “We are constantly working to establish new business models through collaborative initiatives that are in keeping with Chori’s global outlook and dynamic capabilities, and the SPA with MegaChem is one such example."

"We are delighted to partner MegaChem in our chemical products business, tapping onto each other’s expertise in the chemicals industry. In particular, we believe MegaChem’s strong Asian network and higher-value custom blending operations complement Chori’s strengths well, enabling us to further extend the reach of our global distribution network and business activities," added Mr Kojima.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia