FOR IMMEDIATE
RELEASE
[Springfield, MO,
November 2019]—ArmorThane®, a leader in the protective coatings and
foam industry is excited to announce a new joint venture with Bangkok
Integrated Trading (BIT) which is owned and operated by Somchai Punyapongpaet
of Bangkok, Thailand. MrPunyapongpaet has more than 40 years experience in the
spray foam industry and ArmorThane that recently celebrated 30 years of
business in the polyurea coating industry making this alliance a perfect fit.
BIT
specializes in spray polyurethane foam (SPF) whereasArmorThane has been a
consistent leader in the polyurea protective coatings and linings industry for
over three decades.
BIT
has established itself as a leader in the spray foam industry by developing
quality products and solutions for original equipment manufacturers and spray
foam contractors in the ASEAN (Association of Southeast Asian Nations)
territory. By combining the expertise of the two companies, we forecast the
next few years to be an upward trajectory. Especially considering, recent
reporting shows the Polyurea market itself to be over 1.5 billion for the next
year and continue on at a CTGR (compound annual growth rate) of over 15%.
Polyurethane
foam itself is expected to reach over 2 billion in the coming year with a CAGR
over 5%.
ArmorThane
is a multinational world leader in the spray coatings market. If you are
interested in learning more or potentially becoming an ArmorThane applicator.
Give
ArmorThane a call at 1-800-227-2905 or visit
Contact: Troy
Bacon, ArmorThane USA Inc.
Phone:
417-848-2255
Email:
tbacon@armorthane.com
