Thermoplastic elastomers compounder Elasto has entered into a distribution agreement with Telko Shanghai to have the latter company develop sales of its products in China. Telko, part of Finland's Aspo Group conglomerate, will be responsible for the market development and sales of Elasto's range of Dryflex thermoplastic elastomers based on SBS, SEBS, TPV and TPO.
Telko is a distributor of industrial chemicals and plastics active in 12 countries; it has distributed Elasto TPEs in Finland, the Baltic countries and Russia for a number of years. Elasto's managing director, Per Hellberg, said of the new agreement, "China is a growing market for us; this agreement will make Elasto's products more easily available throughout the Chinese region. It offers our customers the local sales coverage, stock inventory and technical expertise of Telko with the innovative material solutions provided by Elasto." Telko established its subsidiary in China in late 2010.