Conventus Polymers LLC Announces Opening of Mexican Subsidiary in Guadalajara
PARSIPPANY, N.J., December 2, 2019 – Conventus Polymers LLC, a leading distributor of high-performance engineering thermoplastics, has established a Mexican subsidiary, Conventus Polymers de Mexico, based in Guadalajara, which will offer the company’s broad portfolio of products to processors and end users throughout the Mexican market. The expansion into Mexico is part of the company’s overall business strategy to grow into key geographic regions.
Conventus has been doing business in Mexico for several years. Establishing a legal entity strengthens its position in the Mexican market and allows the company to offer world- class service to both local customers (plastic converters) and U.S.-based OEMs that it currently supports.
“Mexico makes strategic sense for several reasons, including our further commitment to key multinational OEMs,” said John Jorgensen, president of Conventus Polymers.
The Mexican initiative will expand Conventus’ reach into existing strategic markets such as automotive, electrical, industrial, and consumer according to Jorgensen. With a legal operating entity in Mexico, Conventus can offer its international customers import and export capabilities, local inventory and warehousing, local currency transactions, and Delivered Duty Paid (DDP) Incoterms. Conventus will handle all exporting, importing, insurance, customs clearance, duty costs, and freight from port, to warehouse, and to the customer.
To service the Mexican market, Conventus has established warehouses in Guadalajara and Queretaro in addition to its warehouses on the border. The company has a compounding partner who performs toll compounding of Conventus branded products in Queretaro. This tolling arrangement allows Conventus to offer local production with quick turnaround times and minimal freight costs. Conventus will benefit from lower compounding conversion costs which will make its products more competitive in the region.
Conventus is selling the same global portfolio of products in Mexico including specialty nylons, polycarbonates, polysulfones, PEEK, thermoplastics vulcanizates (TPVs), and custom compounds.