Dear business partner,
2020 is the year of the rat according to the lunar calendar.
The rat is the first of the zodiac animals. It represents the beginning and is seen as a sign of wealth and surplus.
Below we would like to share the dates of public holidays in China this year:
International New Year: Jan 1st
Chinese New Year: Jan 24th – 30th
Qing Ming Festival: Apr 4th
Labor Day: May 1st
Dragon Boat Festival: Jun 25th
Mid Autumn Festival: Sep 27th
National Day: Oct 1st – 7th
Petrex is a colourful mix of German, Dutch and Chinese people. Working in different locations and time zones, speaking different languages but following one mission:
Increasing our Performance.
2019 has been a very successful year for the Petrex Group. With new members in our team, we offer a more sophisticated service and will strengthen our position in the market.
We put our customers at the heart of everything we do. We promise …
As a distributor for chemicals and pharmaceuticals we have to adapt to ever changing market environments. Changes are not limited to new regulations and growing compliance demand, but also the political situation between the countries we operate in. As our core business is moving goods between Asia, Europe and USA, we are in daily exchange with our clients and producers. We inform about new and upcoming regulations and discuss about how our business might be affected by political decisions. We can feel how the ongoing China – US Trade War and Brexit discussions have a major impact on the purchasing, production and investment strategy of our clients and manufacturers. Our approach is the following: Keeping our partners updated about current trends and movements in the market is as important as moving their goods.
The worlds largest pharmaceutical exhibition, CPhI Worldwide, will take place 5-7 November in Frankfurt this year. More than 2.500 exhibitors and over 45.000 visitors will take the opportunity to network and source pharma solutions from all over the world. While the CPhI community hosts several events each year, the CPhI Worldwide is the main event, covering each stage of the pharmaceutical supply chain – from APIs, machinery and packaging to outsourcing and biopharmaceuticals.
Meet us there! Our teams from Germany and China will attend this event.
There are two “Golden Weeks” in China. The first one, also called Spring Festival or Chinese New Year, is celebrated in either January or February depending on the Chinese Lunar Calendar. The second Golden Week takes place in early October, where founding the People’s Republic of China is being commemorated. To be able to have a full week off, Chinese working people will be on duty on September 28th (Saturday) and October 12th (Saturday) to add some extra days to the 3 days legal holiday and make it one whole week of national holiday (October 1-7).
If you consider exploring China, try to avoid this week. Last year 726 million Chinese were travelling domestically (7 million abroad) to either visit their families or go on holiday during this week. Flights are expensive and train tickets, available 60 day prior to departure, are sold out in minutes.
Petrex started to supply photoinitiators to different end users last year. These products are used by UV ink and coating producers for the curing process. Since last year there is a lot of movement in the market. Prices changed enormously between times of shortages and market saturation. Another factor is the reclassification of some photoinitiators. One example is TPO, an initator used by many ink producers, was recently reclassified by EuPIA (European Printing Ink Association) as teratogenic and therefore not allowed in many ink applications in future.
Because of the big changes in the industry, producers as well as end users are working on alternatives. The Radtech conference, established in Basel in 1988, has always been an important event for the future trends in the radiation curing industry. Innovative companies and academic institutes are presenting the latest research and current developments. Petrex will attend Radtech Europe (Munich, 15-16 October) as well as Radtech Asia (Hangzhou, 17-20 October). We are looking forward to meet some of our business partners.