Lotte Fine Chemical Exclusively Supplies Eurox to Jeep and Peugeot
Exclusive Supply Agreement Signed Between Stellantis Korea and [Partner]
[Asia Economy Reporter Oh Hyung-gil] Lotte Fine Chemical announced on the 22nd that it has signed an exclusive supply contract for its urea solution product EUROX with Stellantis Korea, the Korean subsidiary of Jeep, Peugeot, and DS.
Lotte Fine Chemical has been supplying EUROX to FCA Korea, the former domestic subsidiary of Jeep, and Hanbul Motors, the existing official importer of Peugeot and DS in Korea. With this contract, it will continue to supply urea solution to Jeep, Peugeot, and DS diesel vehicles officially sold in Korea.
Urea solution is a catalyst used in the selective catalytic reduction (SCR) system of diesel vehicles, which removes nitrogen oxides, one of the fine dust-causing substances in exhaust gases, greatly contributing to air quality improvement.
EUROX holds the permanent trademark rights for the international urea solution quality standard (AdBlue) established by the German Association of the Automotive Industry and has maintained the number one domestic sales position for 14 consecutive years.
It continues to supply not only global automobile manufacturers such as Mercedes-Benz, BMW, Volvo, Scania, and MAN but also domestic manufacturers including Hyundai Kia and Tata Daewoo.
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A Lotte Fine Chemical official said, "We will continue to build trust by supplying the best urea solution through strict quality control so that customers purchasing Stellantis Korea vehicles can feel assured," adding, "Recently, there have been consecutive damages caused by defective urea solutions, and we hope that customers will avoid damage by using genuine urea solutions that have been verified in the market for a long time."
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