[Alpha Biz= Reporter Kim Jisun] Lotte Fine Chemical Signs 1 Trillion KRW Deal with U.S. Distributor for 10-Year Pharmaceutical Cellulose Supply
Lotte Fine Chemical announced on the 7th that it has signed a global distribution agreement with Colorcon, the world's largest distributor of pharmaceutical-grade cellulose. Under this agreement, Lotte Fine Chemical will supply pharmaceutical cellulose products through Colorcon to the global pharmaceutical market for the next 10 years.
Lotte Fine Chemical expects to generate an additional 1 trillion KRW in revenue from pharmaceutical cellulose and related materials over the next decade.
Colorcon, known for its pharmaceutical tablet coating materials, is the world's leading distributor of pharmaceutical cellulose and has been supplying pharmaceutical materials to global companies for over 60 years, with 27 locations worldwide.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
