Redox Limited (Redox) has agreed to purchase the business of New Zealand based specialty plastics distributor Element Raw Materials Ltd (ERM) with the transaction expected to be completed on the 13th of December 2023.
Founded in 2010 by Jason Reid & Kathy Wilson, ERM has developed an enviable position amongst the Australian & New Zealand plastics industry as a leading distributor of elastomer, polymer and polymer compounds with a focus on innovation and customer relationships. Earning a place in Deloitte’s Fast 50 2022 for New Zealand and winning the Otago sales growth award for consumer products, ERM has a wide range of products including emerging green polymer chemistries.
CEO & MD Raimond Coneliano said “This is a banner year for our plastics division and this acquisition cements the company in some high-value, specialty products with the world’s best manufacturers. Redox continues to be the premier route to market for the region providing unparalleled access to products, customers and suppliers delivered through personalised service.”
Jason Reid thanked the Redox team “We are thrilled to announce Element customers will continue the successful growth pathways established over the past 13 years. Now in partnership with the experienced team at Redox and with the efficiencies of scale Redox can provide, we look forward to offering even more value to customers and further expanding the strong technical and commercial support provided.”
For more information please contact your Redox representative.
We will be closed for all public holidays across all of our branches. See below for our office closure dates:
Due to our transport contractors’ reduced capacity and availability, deliveries may be affected. It is advised that customers plan longer than usual lead times.
Below are the operating hours for all Redox operated warehouses across Australia:
Please talk to your representative or complete our online enquiry form for any further enquiries.
Redox is pleased to announce an expansion of our association with QatarEnergy to distribute the Lotrene polymer range, which will now encompass New Zealand.
As of the 1st of January 2024, our New Zealand clients will have access to a range of grades, including –
Redox CEO and MD Raimond Coneliano welcomed the new partnership: “We enjoy a great working relationship with QatarEnergy in Australia and are excited to bring the same great portfolio to our clients in New Zealand. We believe we’re well positioned to add value through our extensive network of warehouses, industry-leading logistics, three local sales offices (Auckland, Hawkes Bay & Christchurch) and famously friendly team of professionals”.
Customers should contact their local Redox representative to discuss forecasts and shipment plans before the commencement date to ensure a smooth transition.
QatarEnergy operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The first well, Dukhan 1, was drilled in 1939. Development continued after World War II, and in 1949, the first crude exports occurred, and the first offshore concessions were granted. In 1960, the Idd Al-Shargi and Maydan Mahzam fields were discovered. The largest offshore field, Bul Hanine, was discovered in 1970 and came onstream in 1972. Qatar Energy was created in 1974. Today, QatarEnergy is amongst the largest producers of oil & gas and downstream polymers. Their Values are – Integrity, Excellence, Collaboration, Responsibility, Respect & Safety.
Redox are proud to announce another sales record with revenue growing to $1.26b, up from $1.08b in 2022.
CEO & Managing Director Raimond Coneliano said “We achieved a record FY23 sales result with revenue increasing 16.2% to $1.26 billion over the prior year. This is a fantastic achievement despite the industry at large continuing to face uncertain global economic and trading conditions and pricing volatility. The record sales performance was supported by our strategic decision in the first half of the year to secure inventory to reliably meet our customers’ demand.
As such, Redox was able to maintain its strategic leadership in its core market of Australia and New Zealand, delivering important gains in share of wallet with some of our larger customers, which was supported by adding exciting new products to our diversified portfolio.
In the US, a key growth market for Redox, we continued to grow our presence by expanding into four new locations, bringing our network to six. This geographic expansion and new customer wins have driven strong revenue growth, and we are confident the expanding platform will continue to maintain the positive momentum we are experiencing in the US.
In Asia, sales in Malaysia were relatively stable in FY23 while we also registered a new entity in Singapore to take advantage of the opportunities in that market.”
The company thanks it’s loyal customers, suppliers and team members for their support during the year.
Redox has commenced the installation of electric chargers at its sites starting with 12 units at its head office in Sydney, to help promote the adoption of zero-emission vehicles and better utilise the renewable solar energy that the company produces.
With the growing adoption of zero-emission vehicles in Australia, accounting for 8% of new car sales, we have taken a progressive step by introducing electric vehicle (EV) options for our employees. This decision empowers our workforce to actively contribute to decarbonisation efforts and reaffirms our position as an industry leader.
The charging infrastructure overlays our existing significant investment in our sites, equipping them with photovoltaic solar generation systems with a total capacity of 600kW. We are immensely proud that our commitment to practical initiatives contributed to our recent recognition with the prestigious Silver medal sustainability rating from Ecovadis in 2023.
We plan to gradually expand this infrastructure to other Redox-operated sites, making sustainable transportation solutions more accessible.
On Monday, the 3rd of July 2023, at midday in Sydney, the company was officially listed on the Australian Securities Exchange (ASX).
This is the culmination of more than 58 years of hard work by the Coneliano family and our loyal employees; we believe that listing on the ASX has strengthened the company and will provide it with a foundation to grow into the future.
The company thanks our advisors UBS, Ord Minnett, Herbert Smith Freehills, Deloitte and Citadel Magnus for their assistance throughout the IPO process.
Finally, we extend a warm welcome to our new shareholders of Redox.
We at Redox are excited to share that we have renewed our Chemical Educational Foundation’s Presidents Club membership. This is our way of supporting the CEF team’s efforts to promote chemistry education and raise awareness among students in grades K-8.
CEF’s You Be The Chemist programs uniquely connect business and education in local communities to reach students early in life and ignite a passion for chemistry and science-related careers.
Companies and individuals in the science and chemistry industries have invested in You Be The Chemist since 1989, to inspire young students into a lifelong passion for these fields. Programs are implemented in partnership with schools and education programs so activities align with local workforce and learning needs.
Nick Osmo, General Manager, North America, said, “I believe fostering curiosity into STEM at an early age is essential. We want our youth’s innate curiosity to overcome any intimidating aspects that otherwise might deter them so that these powerful subjects become enduring areas of interest, study and eventually a career and passion.”
In today’s world, where science, technology, engineering, and mathematics (STEM) are crucial for the future workforce, high school and post-secondary students often receive the most attention in terms of preparation.
However, it is essential to realise that igniting a passion for science at a young age, even as early as five years old, significantly enhances the likelihood of engaging students in learning and ultimately pursuing careers in STEM fields.
CEF’s outstanding program, You Be the Chemist, is dedicated to this cause. It offers educators many educational resources, including activity guides and workshops. Additionally, the program hosts an annual academic competition at the local, state, and national levels, inviting students in grades 5-8 to compete for scholarships and prizes.
The impact of CEF’s You Be the Chemist program is evident in the remarkable outcomes it has achieved.
The You Be the Chemist program continues to serve as a bridge between businesses, educational institutions, and young students, demonstrating the immense potential of chemistry to create a better world.
Our warehouses will be closed for an essential Stocktake on Thursday, June 29th and Friday, June 30th.
Consequently, the final deliveries before the closure will occur on Wednesday, June 28th.
Normal operations will resume on Saturday, July 1st ready to serve you with our usual efficiency and reliability.
Please ensure you plan your orders accordingly, considering this temporary interruption in our operations. We understand the significance of maintaining a seamless supply chain for your business needs, and we appreciate your understanding and cooperation during this period.
Should you have any questions or require further assistance, please do not hesitate to contact our customer support team, who will gladly assist you.
ICIS Chemical Business Magazine has released their annual Top 100 Chemical Distributors for 2023 and Redox has been ranked as the largest Australian distributor, 12th largest in APAC and the 34th globally.
This list includes 340 of the world’s leading chemical distributors with rankings based upon revenue achieved during Calendar Year 2022.
Of note Redox has climbed 30 places in North America as the company grows it’s presence in the US and Mexican markets, with new locations opened recently in Houston, Dallas and Seattle.
This result is an endorsement of the value that Redox has been able to deliver for clients and our suppliers through the good work of our dedicated team.
Click here to read the full report.
Redox has earned an EcoVadis Silver Medal Sustainability Rating in the 2023 Sustainability Performance Overview, marking a significant milestone in our sustainability efforts.
Redox has been placed among the top 25 per cent of companies assessed by EcoVadis earning a Silver medal. EcoVadis is the world’s largest and most trusted provider of business sustainability ratings and has built a global network of more than 100,000 rated companies.
This recognition is a testament to our ongoing commitment to the development of responsible business practices and sustainability. Redox will continue to put in place practical environmental initiatives and pursue sustainability in our operations.
Some highlights from the report include:
As the world becomes more conscious of environmental and social issues, sustainability has become a critical factor for businesses. In the modern era, companies that fail to prioritise sustainability will likely fall behind their competitors. The pressure is also mounting from consumers and stakeholders who demand greater transparency in sustainability practices.
The sustainability of trading partners is now a crucial aspect of business. It is no longer enough to focus solely on one’s own sustainability efforts; companies must ensure that their partners share their values and practices. This means businesses must take a more comprehensive approach to sustainability by considering the impact on their supply chain.
Corporate Social Responsibility (CSR) has been a focus for Redox as we strive to be responsible business leaders. This ethos extends to how the company conducts business, interacts with stakeholders, and contributes value to society.
By working with EcoVadis, Redox has taken an essential step towards promoting sustainable business practices and contributing to a more sustainable future.
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