End of Year MessageHi all our valued customers, suppliers, service providers, associates and staff 2018 has been a tough, but watershed year. add resins has metamorphosised itself into an extremely efficient and lean enterprise, with a great structure for future growth and the effective national servicing of its Southern African market. We firmly believe that this is the most sustainable model of the future, where low operating costs and efficiency, coupled with the highest quality product offering at competitive pricing, enable us to provide what the market desires. We passed our first ISO9001:2015 renewal with flying colours, which reaffirms our commitment to quality and sound continuously improving management systems. As with any natural occurrence such as a prolonged drought, only the fittest will survive and comparing this to a lengthy recession is a good analogy. The economy is slowly improving and we predict a decent 2019, after several depressed years! The oil price and resultant raw material pricing also looks set to stabilise after a very volatile year, the ZAR x-rate to foreign currencies looks more positive and we hope 2019 is a year of stability and consolidation, with some good growth prospects for all. add resins continues to strive for good relationships between its suppliers and customers and hopefully the results are showing. Have an excellent, peaceful and restful end of year break and we look forward to a great 2019, without too much load shedding! Best Regards Steve, Kamalan, Brent and the rest of the add resins team Market NewsAshland/INEOS Enterprises Sign Deal It has been announced that Ineos Enterprises will acquire the entire Composites business of Ashland Inc. Ashland’s Derakane™, Maxguard™, Enguard™ and Aropol™ brands fall under the Composites business, and so add resins will in future be associated with Ineos - instead of with Ashland. Completion of the process is targeted for the second quarter of 2019. We are confident that this will be a very positive change for the Composites business, and that Ineos will be a supportive shareholder and a more advantageous home. Global management of the Composites business has an increasing commitment to add resins and we will have renewed access to Ashland’s Derakane™VE, Aropol™ UPR and Maxguard™ and Enguard™ Gelcoat technology, branding, and product support, through Ineos. Ineos is a $60 billion innovative and entrepreneurial global company, whereas Ashland Inc now drops by 33% to a $2 billion speciality pharmaceutical and healthcare enterprise. Ineos was founded by Chairman Sir Jim Ratcliffe, an entrepreneurial chemical engineer and it is now the largest private company in the UK. Sir Jim is now also driving the Grenadier Landrover Defender replacement project, named after the pub the idea was conceived in! We will keep you informed if there is anything important you need to know. Closing/Opening Dates For 2018/2019Happy Holidays________________________________________________________________________________________________________________________________________ Gauteng : +27 (0)11 879 8460 • KwaZulu Natal : +27 (0)31 701 0713 • Cape : +27 (0)21 380 0022 Suppliers of Addupol™ Polyester Resins and Gelcoats, Derakane™ Vinylesters, Addpoxy™ Epoxies, Polyurethanes, Solvents, INSTINT™, Soric™, Coremat™ and a full range of Accessories, including Gelcoats, Pigments, Glassfibre & Calcite Filler
|