Alexium announces new business developments
August 20, 2016 - Australia
Alexium International Group Limited, a leading speciality chemicals company in Australia, has announced new business developments with the sales of Alexicool for international markets and entry into the globally important adhesives sector with sales of multiple containers of Alexium’s award-winning, environmentally friendly fire retardant (FR) chemistry.
Alexium has received a multi-tonnage order for specialty flame retardant chemicals from iTextiles, Alexium’s distribution partner for Asia, Middle East, and Europe. New customers referred by iTextiles represent annual revenue of US$1.7 million this year.
The order is for the Asian market, and includes Alexicool, Alexium’s phase change material, and a specialty FR formulation of Alexiflam for treatment of semi-durable cotton fabrics. New customers are in the workwear, tenting, and transportation sectors.
Alexium has received orders for multiple containers of chemistry from two well-established companies that manufacture adhesives and coatings. The new customers are based in the US and develop, manufacture, and distribute adhesive products around the world.
Dirk Van Hyning, president, Alexium said, “We are pleased to announce the global expansion of Alexicool and our success in the adhesives market which is an annual US$42.5 billion market. We are on track for expected ramp-up of revenues for the second half of calendar year 2016, after having added significantly to our inventories in the first half of 2016.”
Nicholas Clark, CEO and executive director, Alexium said, “The success of Alexicool and expansion into the globally important adhesives market comes after our significant investment in FR inventories and expansion of our toll chemical manufacturers and production capacity in the first half of 2016 to meet the expected rapid ramp-up of customer orders in the second half as the sales process gathers pace. We are well capitalised and remain on track for our forecasted year-end revenues.” (GK)
Alexium has received a multi-tonnage order for specialty flame retardant chemicals from iTextiles, Alexium’s distribution partner for Asia, Middle East, and Europe. New customers referred by iTextiles represent annual revenue of US$1.7 million this year.
The order is for the Asian market, and includes Alexicool, Alexium’s phase change material, and a specialty FR formulation of Alexiflam for treatment of semi-durable cotton fabrics. New customers are in the workwear, tenting, and transportation sectors.
Alexium has received orders for multiple containers of chemistry from two well-established companies that manufacture adhesives and coatings. The new customers are based in the US and develop, manufacture, and distribute adhesive products around the world.
Dirk Van Hyning, president, Alexium said, “We are pleased to announce the global expansion of Alexicool and our success in the adhesives market which is an annual US$42.5 billion market. We are on track for expected ramp-up of revenues for the second half of calendar year 2016, after having added significantly to our inventories in the first half of 2016.”
Nicholas Clark, CEO and executive director, Alexium said, “The success of Alexicool and expansion into the globally important adhesives market comes after our significant investment in FR inventories and expansion of our toll chemical manufacturers and production capacity in the first half of 2016 to meet the expected rapid ramp-up of customer orders in the second half as the sales process gathers pace. We are well capitalised and remain on track for our forecasted year-end revenues.” (GK)