Conventus Polymers has established a subsidiary in Singapore, Conventus Polymers Singapore, which will offer the company’s portfolio of products to processors and end users throughout Southeast Asia.
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The expansion into Singapore is part of the company’s overall business strategy to grow into key geographic regions.
Establishing a legal entity strengthens its position in the Southeast Asian market and allows the company to offer local service and support to both local customers and US-based OEMs that it currently supports.
Conventus chose Singapore based on several factors including geographic location, ease of doing business, and tax laws.
With a legal operating entity in Singapore, 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 to the customer.