August 15 2024, David R Brown
Snetor and MEG Polymers form a JV to serve the Turkish polymer and chemical distribution market
French global distributor of plastics and chemicals, Snetor and MEG Polymer Kimya San. Ve Tic. A.Ş., a fast-growing distributor of commodity and engineering plastics in the Turkish market, have annouced the formation of a joint venture, MEG Snetor. The agreement aims to faciltate the development of synergies between the two companies, combining expertise, and growing together in the plastic distribution market in Turkey.
With Snetor's extensive support, we are strategically positioned to achieve our ambitious goals and expand our footprint in the Turkish market
Mehmet Turhan Onur
MD of MEG Snetor
Mehmet Turhan Onur, President and co-founder of MEG Polymers will continue to play a key role in the operations, ensuring the achievement of strategic goals, as the Managing Director of the newly formed company, along with partners Gizem Şatiroğlu, Erkan Doğan, and Zekai Akkiliç.
Emmanuel Aubourg, President of Snetor, stated: “We are extremely happy with this partnership, which embodies the combination of two areas of expertise: MEG Polymers' in-depth knowledge of the local Turkish market and Snetor's expertise in global solutions. MEG Polymers and Snetor share the same values, a common vision, and a clear strategy to provide the best service for our customers and suppliers. Snetor will provide full support to Mehmet and the team to make this project a success.”
Mehmet Turhan Onur, President and co-founder of MEG Polymers added: “MEG Polymers and Snetor share the same core values and a unified vision for the future. By merging our strengths and leveraging our extensive market experience, we are set to create a powerful synergy that will drive growth and excellence in the polymer and chemical distribution market. With Snetor's extensive support, we are strategically positioned to achieve our ambitious goals and expand our footprint in the Turkish market. I am confident that our combined efforts will lead to remarkable success and provide substantial benefits to all stakeholders.”
About Snetor Group
The Snetor Group is an international distributor and supplier of plastics and chemicals with operations in Africa, Europe, Latin America and the United States. The group carries out its plastics and chemical trading and distribution activities through three structures: Snetor Distribution (Europe for plastics), Snetor Oversea (Africa and LATAM for chemicals and plastics) and Snetor USA (North America for plastics). Key products include PE, PP, PVC, PE PS ABS and engineering polymers, polyols and TDI as well as industrial chemicals. In 2023 the Snetor Group had revenues of nearly EUR 2 billion.
Source(s): Snetor Press Release
Further Information
Visit: https://www.snetor.com