I-Tech has received a frame order worth SEK 53 million ($6.4 million) from Japanese paint manufacturer Chugoku Marine Paints for its Selektope antifouling agent, to secure supply for expanding fuel-saving antifouling products.
I-Tech AB received a new order worth 57 million SEK to supply its product Selektope® to Chugoku Marine Paints for use in marine antifouling coatings, expected to be delivered in 2020.
I-Tech received a supply order worth SEK 36 million (USD 3.9 million) from Chugoku Marine Paints for its antifouling ingredient Selektope, to be delivered during 2019.
I-Tech AB signed a significant supply agreement with Chugoku Marine Paints for the largest ever single order of Selektope antifouling ingredient, supporting CMP's growing product portfolio.
Berger Paints entered a partnership with Japan's Chugoku Marine Paints to produce marine paints at its VVN plant in Gujarat, India, with potential for a future joint venture.