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.
We will be closed for all public holidays across all of our branches (observed dates). 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.
The ultimate goal of this Code of Practice is to ensure feed safety by minimising unsafe practices and the risk of hazardous ingredients entering the food chain. Animal feed is considered unsafe for its intended use if it is likely to pose a risk to (has adverse effect on) human or animal health, or if the food derived from food-producing animals is unsafe for human consumption.
The FAMI-QS code of practice provides requirements for implementing measures necessary to ensure animal feed safety and quality of products manufactured by processes, as defined by FAMI-QS. The code covers requirements on good manufacturing practices, on the HACCP programme and suggestions on continuous improvements to the design, management of operations and risks with a goal of maintaining feed safety and quality.
The scope of FAMI-QS is specialty feed ingredients. A specialty feed ingredient is defined as any intentionally added ingredient, not normally consumed as feed by itself, whether or not it has nutritional value, which affects the characteristics of feed or animals/animal products and animal performance.
For more information on production processes covered by FAMI-QS certification, please read more here.
There’s no dispute that STEM and STEAM skills are vital in children’s education. That’s why every November 8 since 2015, National STEM/STEAM Day illuminates science, technology, engineering, arts, and mathematics. Encouraging children to advance in these fields will crucially support the country’s backbone — and it’s future.
National STEM/STEAM Day is the perfect opportunity to explore these topics and get children excited about learning.
Here are some fun ways to celebrate:
Indulge the Inner Inventor
Kids are natural inventors. They’re always looking for ways to solve problems and make their mark on the world. STEM/STEAM skills give them the tools they need to turn their ideas into reality.
Through the power of invention, kids learn to take risks with their choices. They use their powers of critical thinking, partnership with others, problem-solving, and reasoning skills to delve forward and achieve results. STEM learning is an excellent way for kids to develop these skills while having fun.
On National STEM/STEAM Day, encourage your child to let their creativity run wild.
Visit a Museum…Virtually
STEM education is vital to preparing the next generation of innovators and leaders. STEM learning helps students develop critical thinking and problem-solving skills.
On National STEM/STEAM Day, museums offer a variety of programs that engage young learners in STEM concepts. These programs are designed to spark curiosity and inspire a love of learning.
Many locations also offer free movies, guided digital tours, and webcasts and seminars to allow students to integrate with STEM learning efforts from afar.
Teach the Real World
STEM learning is all about problem-solving and critical thinking, so it’s essential to make sure your child is engaged and excited about the material.
One way to do this is by using games and puzzles focusing on STEM concepts. Not only will your child be having fun, but they’ll also be learning critical STEM skills.
All STEM/STEAM-based projects focus on the crux of developing thoughtful solutions for real-world concerns. A key for students, these projects allow them to see and experience the impact of what they’ve learned.
By studying STEM, you can learn how to make the world a better place. With a STEM education, you might be the one to find the solutions to the world’s problems.
Improve with Art
Developing artists whose creativity extends beyond the realms of fantasy find encouragement to build on their skills by creating fresh STEM projects that unite technology with art.
STEM offers artists a chance to explore new dimensions in their work, and to create something that is both functional and beautiful. By combining art and STEM, artists can bring their vision to life in ways that were once impossible.
Some of the most popular STEM projects for artists include 3D printing, robotics, and circuitry.
You Be The Chemist inspires students, engages educators, and strengthens communities to build a better world through the science of chemistry.
You Be The Chemist is building the future workforce by celebrating the role of science and chemistry in everyday learning and life.
For more STEM and STEAM activities, Google National STEM Day, and don’t forget to celebrate our nation’s STEM and STEAM superstars — the scientists, engineers, artists, and mathematicians who make incredible things happen every day!
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