Backing the right horse in crisis times: A forward-looking partnership between Pegasus Development AG and the UK-based chemical company Nuevo
CHUR, Switzerland-Wednesday 25 March 2020 [ AETOS Wire ]
(BUSINESS WIRE)--
Restaurants and coffee shops are closed. The doors of shopping centres
and shops remain closed. Most of the production facilities are at
standstill or have gone into short-time working. In short: the economy
has ground to a halt.
However,
there are a number of industries that are benefiting strongly from the
corona crisis. The current high demand for disinfectants plays into the
cards of chemical, pharmaceutical and biotech companies. It is precisely
these companies that have seen an enormous sales boom in recent weeks.
Due to the enormous demand, most of the companies in this industry now
have the problem to keep up their production. Gradually, all companies
in the sector are running out of ethanol reserves. Due to the explosive
demand, this raw material is currently very difficult to obtain, and
even when it can be, it is extremely expensive.
This
is a problem that the UK-based chemical company NUEVO does not have,
because their disinfectants are based on vegetable surfactants rather
than alcohol. Thus, the company is not only able to maintain its
production, but is also planning to expand its production facilities
together with its new financially strong partner Pegasus Development AG on the back of the ever-increasing demand.
Pegasus
Development AG has not only secured the trademark rights but also 100%
of the distribution rights of Nuevo. It is a new division for the Swiss
investment company. Roberto Spano, Member of the Board of Directors,
commented on the venture as follows: "With our worldwide network and
many years of experience in logistics and transport, we are not only
meeting the high demand, but are also remaining true to our aspiration
to promote continuous growth. Every crisis presents opportunities. As
Pegasus Development AG, we have made it our business to recognise these
opportunities and, together with our partners and investors, to take
advantage of every market situation to generate profits."
It seems as if Pegasus Development AG has backed the right horse again. A horse with wings.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200324005250/en/
Contacts
Pegasus Development AG
Roberto Spano
Tel: +41 815 880508
Fax: +41 815 440444
Email: info@pegasusdevelopment.ch
