Southwall and Globamatrix sign supply and distribution agreement

US designer and producer of thin film coatings Southwall Technologies, Inc. and Globamatrix Holdings Pte. Ltd. (previously known as GMX), which markets a range of specialty solar control films, announ…

US designer and producer of thin film coatings Southwall Technologies, Inc. and Globamatrix Holdings Pte. Ltd. (previously known as GMX), which markets a range of specialty solar control films, announced on 24 April the signing of a ten-year supply and distribution contract that includes commitments by Globamatrix to purchase, and by Southwall to supply, minimum amounts of Southwall solar control film. The minimum amount covered by this commitment is approximately US$ 75 million during the first five years of the agreement. The new agreement supersedes existing supply agreements between the two companies. Under this agreement, Globamatrix will be the exclusive, worldwide distributor of these Southwall solar control products for retrofit applications to the automotive and residential and commercial architectural glass markets. Globamatrix will continue to sell these products under its V-KOOL(R) trademark.