Going Where the Growth is: DTT License Agreement in Bulgaria
DuPont Titanium Technologies (DTT) and Megachim, a Bulgarian paints and coatings company, recently announced a 5-year partnership to launch a paint portfolio of architectural coatings that will be marketed under the DuPont™ Teflon® brand. Plamen Velikov, owner and managing director, Megachim, and Rick Olson, vice president and general manager, DuPont Titanium Technologies, signed a trademark license agreement.
The alliance will make DuPont the principal supplier of titanium dioxide for the next five years, resulting in more than USD 1 million in new revenue. Megachim will receive technical and marketing support in the development of high quality paint products using new Teflon® surface protector additve technologies.
“We are happy and proud to sign this agreement with Megachim, as it fully supports our company’s strategies,” said Luis Rebollar, business director, DTT, Europe, Middle East & Afirca. “We can bring value and differetiation by working with our customers in the fast growing economies in Eastern Europe.”
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