VANTICO SIGNS CONTRACT WITH PANALPINA

VANTICO SIGNS CONTRACT WITH PANALPINA    Panalpina Group has signed a long-term contract with Vantico, a spin-off of the Performance Polymers Division of Ciba Specialty Chemicals.
   Vantico will cooperate with Panalpina in reorganizing parts of its distribution logistics.
   Panalpina will handle shipments from Vantico production sites at Valais, Switzerland, to destination in more than 30 countries. Total volumes are estimated at 80,000 tons per year. In Europe, the goods will be transported by rail and road. Overseas shipments will go mainly by sea with air-freight used in isolated cases.
   “By acting as a global third party logistics provider for Vantico, we will coordinate transport orders through our own in-house systems and subcontractors,” said Bruno Sidler, chief executive officer at Panalpina.