Alexium appoints iTextiles as distributor in Pakistan

Alexium has now also filled the first purchase order and has shipped chemicals. This commences the product sales, shipments, and a distribution channel to Pakistan, Sri Lanka, UAE, and Saudi Arabia. The sum of the initial payment from iTextiles constitutes $55,500, with additional product sales following.

This amount includes an upfront fee for a regional distributorship and brand license, as well as the value of the purchase order for the first shipment of FR chemicals.

With the execution of this distribution agreement, iTextiles becomes the exclusive distributor for Alexium’s Nuvalon, Nycolon, and Polytron FR product lines in the specified territory. The first batch of FR chemistry is for use by fabric mills in Pakistan.

The agreement also establishes the commercial avenue for further product sales. While both parties anticipate significantly higher demand for the products, under this agreement.

iTextiles has committed to a minimum sales orders of 10 metric tons this calendar year, and a minimum of 20 metric tons in subsequent calendar years. Alexium’s chemical packages are currently competitively priced from USD$11,000 to USD $18,000 per metric ton. 

Alexium International