# Lotte Fine Chemical signs 1 trillion KRW distribution contract with Colorcon

Lotte Fine Chemical signed a long-term distribution contract worth 1 trillion KRW with Colorcon for medical cellulose, granting exclusive sales rights in the global pharmaceutical market for 10 years.

- Type: Contract
- Announced: 2024-10-08
- Value: $740.0M (1000.0B KRW)
- Status: announced
- Products: medical cellulose, hypromellose polymers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [LOTTE Fine Chemical](https://endata.com/companies/8859.md)
- [Colorcon](https://endata.com/companies/10163.md) (customer)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2024100809010819362), 2024-10-08: "Lotte Fine Chemical signed a distribution contract worth 1 trillion KRW with Colorcon, the world's number one pharmaceutical cellulose distributor."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.