27 March 2018
27 March 2018
Brazilian speciality chemicals distributor Redelease is targeting double-digit growth this year, with plans to expand its operations and strengthen its portfolio.
“After successive declines, our sales increased 3% in 2017,” states Roberto Iacovella, Director of Redelease. “Therefore, and due to the overall recovery of the economy, it is possible to say that the various projects included on the agenda will be free to be put into practice.”
These include the opening of Redelease’s subsidiary in Vila Velha, in Espírito Santo state. By the end of the year, a Redecenter unit, a store licensed by Redelease and operated by third parties, should also open in the state. Today, this type of business accounts for 15% of Redelease’s revenue, with five units located in the states of São Paulo, Rio de Janeiro and Santa Catarina.
With regard to the portfolio, Iacovella is confident on the sales growth of pyrogenic silica, a product that is part of a recent distribution agreement signed between Redelease and Evonik that is used in the segments of paints and composites, among others. Expectations are also positive in relation to mould release agents for composites and structural adhesives.
The composites segment accounts for approximately 70% of Redelease’s revenue.
BYK is expanding its operations in the Shanghai region to meet the anticipated growth in demand in the key Chinese market.
Kaman Tooling is operating under new ownership (KTL Tooling) following a recent acquisition deal that saw it break away from American aerospace group, Kaman Corporation.
Stratasys has increased its commitment to the UK market through a variety of initiatives aimed at driving the adoption of additive manufacturing and supporting the needs of customers.