Valtris, a global leader in specialty chemical additives and precursors, offers solutions and peace of mind to their customers during the Red Sea/Suez Canal shipping crisis.
As a result of ongoing Houthi attacks on shipping lanes in the Red Sea, most container ships between the Far East and Europe, which would normally take passage via the Red Sea and Suez Canal, are currently being diverted around the Cape of Good Hope. Consequences of this re-routing are shipping delays, extended transit times, reduced vessel availability, a growing shortage of containers, and increasing sea freight costs.
Brian Johnson, VP Functional Additives, stated, “We have informed our customers that Valtris’ manufacturing locations in the UK and Europe source raw materials from multiple countries, including some in the Far East, for the production of their Additives and Intermediates product ranges. However, a key element of our business process is to manage the security of supply of all raw materials used and, as a result, Valtris has several sources of raw materials approved from different supply locations.”
Jennifer Hill, VP Global Procurement, added, “Whilst we are confident that we can manage the current Red Sea/Suez Canal situation without any significant disruption to the supply of our products, we are in regular dialogue with all suppliers to understand and minimize any potential impact to our business.”
Mike Humby, VP Performance Additives, concluded, “We do not see any reason for concern at this time and plan to keep our customers fully informed if the situation changes. We will continue to make every effort to provide customers with the best possible service and value as part of our continued goal to become the supplier of choice.”
About Valtris Specialty Chemicals
Valtris, headquartered in Independence, Ohio is a global leader in specialty performance additives and precursors, offering innovative solutions and products to customers around the world. With strong technical expertise and best in class formulation capabilities, Valtris develops products that provide essential performance properties to plastics, coatings, adhesives and sealants, pharmaceuticals, flavors and fragrances, and personal care products. The Company operates nine manufacturing locations and employees approximately 700 people across North America, Europe, and Asia. www.valtris.com.