der to meet market needs, partticularly in Europe, there is a need for an additional 2,00,000 tonnes of production capacity. Moreover, lowering inventories amid increasing demand, and anti-dumping legislation curbing cheap imports from countries including China, have positively impacted the fibreglass market in Europe and elsewhere. Together, these factors point to a strong future for Binani Industries, which can now work to providing long-term supply security to customers, and expanding its manufacturing footprint at a lower cost.
Mr Hugues Jacquemin, CEO (Chief Executive Officer), 3B – The Fibreglass Company, said, “With the acquisition by Binani Industries, we will be able to ensure a truly global presence. We can deliver high value marketing and technological expertise to our global buyers. We will have well-balanced and well-invested assets to serve our current and future customers in many regions of the world.''der to meet market needs, partticularly in Europe, there is a need for an additional 2,00,000 tonnes of production capacity. Moreover, lowering inventories amid increasing demand, and anti-dumping #
3B posted net sales of Euro 159 million in 2010. It also plans to set up a Greenfield expansion facility in Tunisia in 2013 that will raise its capacity to over 2,00,000 tpa.
3B – The Fibreglass Company is Braj Binani Group's third global acquisition in six years. Last year, the Group acquired US-based composite maker CPI, Inc. With this latest acquisition, Binani Industries is successfully completing the vertical integration of its composite and fibreglass operations world over.
About 3B – The Fibreglass Company
Headquartered in Battice, Belgium, 3B is a leading developer and supplier of fibreglass products and technologies for the reinforcement of thermoplastics and thermoset polymers. It has two state–of–the–art manufacturing facilities in Battice (Belgium) and Birkeland (Norway) with a dedicated R&D centre as well as a customer service centre near Brussels. It serves a large percentage of the thermoplastics and wind energy markets across Europe.
With 650 experienced employees with outstanding capabilities, the company has 42 licensed patents and six new ones filed since 2008. It has a wide variety of products, such as chopped strands, direct rovings and continuous filament mats. Both manufacturing facilities are eco-friendly and have quality track records and various certifications in place.
About Binani Industries Limited
Part of the USD 1.6 billion Braj Binani Group, Binani Industries Limited is the holding company catering to various businesses, from cement, zinc and composites to fibreglass. Headquartered in Mumbai, India, it is one of India's leading growing diversified global business conglomerates. With a focus on sustainable growth; Binani Industries has expanded its footprint on a global scale with cement operations in China, Middle East and East Africa. Binani Cement is the group's flagship company and is one of India's the most popular cement brands. Various segments of the company are certified as ISO 9001, ISO 14001 and OHSAS 18001. The group has taken global strides under the visionary leadership of Mr Braj Binani, Chairman of the Group.
Binani Industries Limited
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