Acotec NV establishes Strategic Business Alliance with Mitsui & Co., Ltd.
Brussels, 6th of October 2020
Acotec is pleased to announce the entrance into a global strategic alliance with Mitsui & Co., Ltd. (“Mitsui”) combining Mitsui’s diverse industrial network and Acotec’s unique innovative surface treatment, access and coating solutions.
“With life-extending maintenance playing a major role in these uncertain times, companies recognize that they need to focus more on reducing Opex and extending the life of their assets instead of simply replacing them with newbuilds”, declares Wim Schalley, CEO of Acotec NV.
“With our Humidur Coatings we want to reduce the ‘cost of corrosion’ for a wide variety of companies within Mitsui’s network including Mitsui itself.”
“All of our 16 business units have links with Paint & Coatings industry”, states Sunao Hatta, General Manager of Performance Monomers & Coatings Division of Mitsui. “Acotec has been expanding its businesses particularly in the oil and gas offshore field in the recent years. Partnering with Acotec to deliver world-class anti-corrosion coating and access solutions for our clients is part of our strategy to further accelerate business development and expansion in Paint & Coatings industry leveraging our industrial expertise and global network with customers and business partners.”
Acotec and Mitsui & Co., Ltd. at a glance.
Acotec is a global expert in providing durable corrosion treatment with Humidur coatings and unique access technology. With over 35 years experience, Acotec manufactures, supplies and distributes the coating protection system all over the world and operates out of many different global locations. Due to the significant environmental, technical and cost saving benefits offered by the Humidur, Acotec has been extremely successful over the last few years in obtaining Global Framework agreements with companies such as Shell and Woodside Energy. Due to the high demand globally for the systems, Acotec is looking to increase its global footprint and portfolio to ensure ease of availability for an ever-increasing global demand. Acotec will continue to operate, to ensure that the highest level of quality is maintained wherever we operate from globally, whilst maintaining optimal efficiency and downtime. Acotec’s mission is to remain the pioneer in the design and development of environmentally friendly solvent free coating systems that will significantly reduce maintenance costs and increase the Health and Safety of the working conditions of the applicators.
For more detailed information regarding Acotec, please visit our website: www.humidur.be
Mitsui & Co., Ltd (8031: JP) is a global trading and investment company with a diversified business portfolio that spans approximately 65 countries in Asia, Europe, North, Central & South America, The Middle East, Africa and Oceania.
Mitsui has over 5,600 employees and deploys talent around the globe to identify, develop, and grow businesses in collaboration with a global network of trusted partners. Mitsui has built a strong and diverse core business portfolio covering the Mineral and Metal Resources, Energy, Machinery and Infrastructure, and Chemicals industries.
Leveraging its strengths, Mitsui has further diversified beyond its core profit pillars to create multifaceted value in new areas, including innovative Energy Solutions, Healthcare & Nutrition and through a strategic focus on high-growth Asian markets. This strategy aims to derive growth opportunities by harnessing some of the world’s main mega-trends: sustainability, health & wellness, digitalization and the growing power of the consumer.
Mitsui has a long heritage in Asia, where it has established a diverse and strategic portfolio of businesses and partners that gives it a strong differentiating edge, provides exceptional access for all global partners to the world’s fastest growing region and strengthens its international portfolio.
For more information on Mitsui & Co’s businesses visit, www.mitsui.com.
Wim Schalley – CEO