25 October 2011
25 October 2011
Axson Group has brought together BS coatings, Revocoat and Axson technologies to create an asset that they hope to be market leader in highperformance operational polymer formulation.
"Our three businesses together represent a major asset for Axson's customers who will now have access to a broader range of solutions," indicates Charles Churet, Chairman of Axson. "And every customer will benefit from the synergy of the expertise, R&D facilities and worldwide presence of these three businesses".
Axson explains that with its 25 subsidiaries and 16 production and R&D sites, they have an immediate presence in most industrial countries in Europe, Asia, the Americas, the Middle East, India and Africa. They say they can rely on the mobilisation of over 800 employees throughout the world.
"Our international coverage means we can work in the best conditions to offer our customers local solutions to support their development on-site," continues Charles Churet. "Our forecasts are targeting sales figures of around €250 million for 2011."
Axson is further strengthening its global presence with the construction of a new Revocoat formulation plant in Kolomna, Russia, for the local automotive market. It will also be a shared platform for future developments of the group’s three businesses. "This new plant will enable us to double our production capacity compared to the existing plant and also meet growing local demand in the automotive sector," adds Charles Churet.
Axson continues its international development with BS coatings’ acquisition of equity in SIPCO (Saudi industrial paint company). The joint-venture with the Saudi group Univest plans to develop SIPCO’s industrial paints by introducing technologies for the production of BS coatings’ pipelines under the Eurokote and Endoprene brands for the Middle Eastern market.
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