Monheim, Germany - Speciality chemical supplier Cognis has opened a new subsidiary in Malaysia to accelerate the group's growth there and in the wider Asia-Pacific region.
Cognis Malaysia Sdn Bhd will employ technical and commercial managers to work on behalf of the company's three strategic business units - Care Chemicals, Nutrition & Health, and Functional Products, a 5 Jan company statement said. The Functioanl Products unit contains the company's polyurethane activities -- in surfactants and other oleochemicals.
"We believe that Malaysia and the whole Asia-Pacific region has significant growth potential that is fully in line with Cognis' strategy," said Jimmy Lau, legal representative of Cognis Malaysia. "By opening an affiliate in Malaysia, we want to gain a deeper understanding of the local market and be closer to our customers," Lau said, adding that Cognis aims to double sales in Malaysia over the next five years by helping customers gain "the competitive edge they need to succeed." (RD)