(BRK.A), (BRK.B)
Berkshire Hathaway’s Lubrizol Corporation has selected Simko S.A. as the new distributor for the thermoplastic polyurethane (TPU) portfolio of the company’s Engineered Polymers business throughout Argentina.
Simko S.A. distributes engineering plastics, synthetic rubbers, rubber chemicals and industrial equipment for rubber and plastic industries in Argentina. They have warehouse and office facilities strategically located in San Martin near the Buenos Aires highway network.
The agreement, which took effect on October 15, 2017, but was just announced on January 3, 2018, includes the following key product lines which are well-suited for today’s innovative and demanding applications:
– Estane(R) TPU: Estane TPU products are utilized in film and sheet, extrusion, blow molding, injection molding, over molding, calendaring and solution coating processes.
– Isoplast(R) ETP: Isoplast ETP products are hard and high flexural modulus polyurethane engineering resins with excellent chemical resistance and barrier properties.
– Pearlbond(TM) TPU: The Pearlbond TPU portfolio includes products for Hot Melt Adhesives (HMA) and Reactive Hot Melts (HMPUR), typically used in automotive interior parts, bookbinding, furniture, textile and footwear.
– Pearlstick(TM) TPU: Pearlstick TPU products are designed for use in the manufacture of solvent-based adhesives.
Other products that will also be distributed by Simko S.A are: Pearlcoat(TM) TPU, Pearlthane(TM) TPU, Pearlthane(TM) ECO* TPU and Carbo-Rite(TM) Conductive Compounds and Sheet Products.
Rogerio Colucci, Lubrizol Engineered Polymers business manager for Latin America comments, “It is exciting to work with Simko S.A. as they have excellent in-depth knowledge of the engineering plastics and rubber markets in Argentina. When combined with Lubrizol’s innovative and durable TPU solutions for specialized wire and cable, adhesives, consumer and industrial applications, this will further enhance our ability to work closely with customers, helping them solve valuable problems and drive innovation and growth in Argentina.”
Eduardo Simko, CEO of Simko S.A., comments “We are proud of having been selected as Lubrizol’s new distributor. We are impressed by the wide portfolio of products and the quality of the products, as well as Lubrizol’s commitment to market development.”
© 2018 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.