AXSON Consolidates Coating Businesses to Extend its Dominance in Operational Polymer Formulation

The new AXSON group established in 2011 has merged its Axson Technologies, Revocoat and BS Coatings businesses to extend its dominance in superior-performance operational polymer formulation.

The Chairman of AXSON, Charles CHURET stated that the group’s three businesses collectively form a key asset to its customers who can now get a wide range of solutions. The company offers advanced solutions for assembly, fabrication, design and protection in various markets, including infrastructure, construction, water, energy, industrial transport, leisure and sports. It runs 16 manufacturing and research & development facilities, and has 25 subsidiaries across the world. It also operates a well-established retail network.

Churet further said that the group’s international presence allows it to provide on-site solutions to its customers. AXSON has also declared that it will build a new Revocoat formulation facility in Kolomna, Russia for meeting the demands of the domestic automotive market. The new facility will be used as a common platform for the three businesses of the group for their upcoming developments. Churet added that the new facility will increase the production capacity of the group twice as much when compared to the current facility.

AXSON is further reinforcing its global presence by acquiring an equity in Saudi Industrial Paint Company through BS Coatings. The joint venture formed with UNIVEST, a group based in Saudi Arabia, intends to produce industrial paints of Saudi Industrial Paint Company by launching technologies for the manufacture of BS Coatings’ upcoming products under the brands of Endoprene and Eurokote for the Middle Eastern region.

Source: http://www.axson.com

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