Northamptonshire, UK, 5th Dec 2013
Scott Bader (Northamptonshire, U.K.) announced on Dec. 5 the creation and official launch of two major new joint ventures in Brazil and Saudi Arabia as part of its long-term global business growth strategy.
Working with Andercol S.A., a business unit of Grupo Mundial and a long-term partner in South and Central America, Scott Bader has created a 50-50 joint venture company in Brazil, named NovaScott Especialidades Quimicas Limitada. This new company will produce and sell a range of Scott Bader’s speciality products, and especially its range of gelcoat products, sold under its Crystic brand. In addition, Scott Bader will supply its ranges of Crestomer and Crestabond structural adhesive products and Crestapol high-performance resins, which will be sold by NovaScott alongside the Crystic gelcoats.
Malcolm Forsyth, Adhesives and Advanced Composites global business director for Scott Bader, says, “The NovaScott joint venture is a major step forward in Scott Bader’s strategy to sell our speciality products in all key markets globally, and we are delighted to further develop our long-standing relationship with Andercol in this way. The NovaScott venture will also enable Brazilian customers across a wide range of end-use sectors to access Scott Bader’s leading technologies, which will bring many product quality and processing benefits. We look forward to building a strong business success with NovaScott in Brazil and beyond, in the coming years.”
For the second joint venture, working with S & A Abahsain, a privately-owned chemical company in Saudi Arabia, Scott Bader has created a 50-50 joint venture company named Abahsain Scott Bader LLC, to sell a wide range of polyester resins and other Scott Bader speciality products, including gelcoats and vinyl esters, in the Saudi Arabian market and other regional markets across the GCC region.
John Kemp, managing director of Scott Bader Middle East, says, “We are delighted to enter a formal collaboration with Abahsain Co., to build a strong presence in the Saudi Arabian market, with our Crystic resins, which are widely used by major pipe customers in the region, and with our other Crystic speciality products, which can bring significant benefits to Saudi Arabian Composites customers. This joint venture will provide access to the fast-developing Saudi Arabian and GCC markets, and together we see significant potential for growth over the coming years.”