25 July 2008
South African automotive paint manufacturer ChemSpec has secured export orders for its premium automotive refinish, Metalux 2, to the Mauritian and Chinese markets.
The Mauritian order is worth R1-million and is the first from that country, while the Chinese order is the company’s second from the Asian economic giant.
In addition, ChemSpec – which is headquartered in Veralum, KwaZulu-Natal – has entered into discussions with a multi-billion dollar company based in South East Asia, to partner it in the distribution of its water-based automotive refinish product, Hydrolux, into that region.
“Hydrolux testing will commence in August, with trial runs scheduled for October and a full launch planned for December of this year,” the company said in a statement this week, adding that it already has well developed distribution channels into the automotive industry in South East Asia through its other product offerings.
Global expansion
The move is in accordance with the company’s strategy to expand its product offerings into the global market and grow its international presence. The company last year purchased paintmaker Montana Products, based in Ohio, USA, along with its manufacturing and research and development facilities.
“It will also contribute towards the consolidation of ChemSpec’s market leading export position in the South African coatings sector and encourage further expansion of the company’s international footprint,” read the statement.
“ChemSpec will take advantage of its established and effective distribution structure to successfully market the range of automotive refinish products and will continue to look for new avenues abroad.”
The company presently manufactures its automotive refinish products in both South Africa and the US.
SAinfo reporter
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