When Redox announced the acquisition of Auschem (N.S.W.) Pty Ltd, it marked more than a strategic step forward for the Company’s national footprint, it signalled the beginning of a new chapter for a well-known Western Sydney operation with deep expertise in solvents and specialty chemical solutions.
Founded in 1998, Auschem built a strong reputation as an Australian chemical distributor with a strategic solvent portfolio, supplying customers across Surface Coatings, Lubricants, Mining and Bitumen. From its Western Sydney facility, the team has long been equipped to handle bulk storage, create custom blends, and repackage product to meet bespoke customer requirements, capabilities that continue to be a valuable asset as the site integrates into Redox’s wider network.
As Redox CEO & MD Raimond Coneliano shared at the time, solvents represent a significant growth opportunity, and the addition of the Auschem facility in Wetherill Park strengthens Redox’s ability to support a growing customer base and accelerate growth in key market segments. The acquisition also strengthens supplier relationships and broadens the value Redox can offer to clients.
Bringing Auschem’s strengths into the Redox network
The best acquisitions don’t just add scale, they bring together capability, experience, and people who know how to get things done. Auschem has always been known for practical problem-solving and responsive service, and those qualities align naturally with Redox’s customer-first approach.
That alignment was echoed by Auschem Managing Director Charlie Ciantar at the time of the announcement, noting the longstanding relationship between the businesses and the shared confidence that joining Redox was the right “next stage of growth”, not only for the company, but for the wider team stepping into a bigger platform with greater resources behind them.
“They accomplish miracles on a daily basis”
Adam Ciantar, Store Manager at the Wetherill Park site
To understand how the transition has been progressing on the ground, we spoke with Adam Ciantar, Store Manager at the Wetherill Park site, who has had a front-row seat to the operational shift and the momentum that’s come with it.
For Adam, the standout has been the people.
“The most enjoyable part for me is working with the team we have put together at Wetherill Park. They accomplish miracles on a daily basis. It is only a small crew but the output from everyone on site is really impressive.”
That “small crew, big output” theme is exactly what customers value most, a site that can move quickly, respond reliably, and deliver at pace.
Learning the Redox way — and stepping up fast
Any transition comes with challenges, and Adam is candid about the biggest one: systems.
“In terms of challenges, obviously, the systems in place differ greatly from Auschem. It is a huge network and we have had to learn the Redox way and in particular Redebiz.”
Like any major change, there was a learning curve.
“Initially this proved very difficult for us…”
But just as important is what happened next: support, collaboration, and practical help from people who wanted the site to succeed.
“…but with the support of Richard Coneliano and others and particularly the introduction of key staff at Wetherill Park we have really adapted to the Redox way of doing things.”
It’s a reminder that successful integration isn’t just about systems and process — it’s about people showing up for each other and sharing the know-how that makes a national network work.
Bulk solvent storage and dispatch at Wetherill Park — built for scale, safety, and fast turnaround, with on-site capability supporting products such as IPA, acetone, MEK, xylene, heptane and methanol.
A week that proved what this team can do
Ask Adam about a recent moment of pride, and you get a story that captures the intensity and capability of the Wetherill Park operation.
“Early in the transition in 2025 one of our key products had a supply interruption, once the product started flowing again we were under great pressure to pack off and deliver stock so we didn’t let a customer down.”
When it returned, expectations were high, and timelines were tight. What followed was an all-hands effort across multiple roles.
“The team managed to package and distribute close to 160,000 litres of this product in a week. These numbers were something even Auschem were not capable of getting close to in such a short period of time.”
And it wasn’t one department carrying the load; it was the whole chain working in sync.
“I had enormous pride watching what these guys had done in the space of 5 days and fulfilling all expectations placed upon us. From our transport coordinator to store coordinator to the production team in particular and then the drivers, it really was an incredible effort.”
“Something special” — internally and externally
So what makes this site different?
Adam points to a familiar foundation, flexibility, speed, and a can-do attitude, then adds what he’s seen since joining Redox: higher stock levels, faster output, and a team that’s raised the ceiling on what’s possible.
“We had some very good workers in my time at Auschem. We were always very flexible, accommodating and capable of doing things quickly and efficiently. This team has all of that and more. We have maintained that flexibility and efficiency but taken it to another level.”
He doesn’t sugar-coat the scale of the uplift.
“Our stock levels have never been higher on this site and our production is off the charts. In my 27 years working on this site this current team have a greater output than anything I have ever seen. Externally and internally this team is something special.”
The human details matter too
And because it’s the small, human details that make a workplace feel like a team, one that’s worth calling out is Redox’s commitment to looking after people day to day.
Redox supplies all staff with daily lunch, helping keep everyone fuelled through busy shifts and reinforcing the “we’re in this together” culture that underpins strong operations.
Looking ahead
The acquisition of Auschem strengthens Redox’s solvent capabilities, expands operational capacity in Western Sydney, and builds on a foundation of trusted relationships across customers and suppliers. But most importantly, it brings a highly capable team into the Redox network, one that’s already demonstrating what can happen when experience, grit, and support come together.
If the early results from Wetherill Park are any indication, this isn’t just a transition; it’s momentum.
Tartaric Acid is an organic dicarboxylic acid typically supplied as a white crystalline powder. It is readily soluble in water and is used as an acidulant and processing aid in many systems. In addition to delivering acidity, it can bind trace metals that contribute to oxidation, discolouration, and the development of off-flavours.
Depending on the application and regulatory requirements, Tartaric Acid may be supplied in different grades (e.g., food-grade or pharmaceutical-grade) and specific isomer forms (commonly L(+)-Tartaric Acid).
Key Functional Benefits
Tartaric Acid is widely used in formulation as it provides a clean tart profile while giving formulators more control over pH and stability. Its buffering and chelation behaviour can help protect sensitive systems, and it can be blended with other acidulants to achieve the desired taste and performance.
- Acidity and flavour enhancement – provides a clean, bright tartness and improves flavour definition
- pH adjustment – supports target pH achievement and improved batch-to-batch consistency
- Buffering support – helps stabilise pH in sensitive systems
- Chelation – binds metal ions that can accelerate oxidation and reduce product stability
- Formulation synergy – can complement other acidulants to fine-tune flavour and performance
Applications
Food and Beverage
Tartaric Acid is widely used where acidity and flavour clarity are important. It can support both taste and shelf stability in:
- Confectionery (sour coatings, gummies, hard candy, powders)
- Beverages (soft drinks, fruit beverages, powdered drink mixes)
- Bakery and leavening systems (acid component support depending on recipe design)
- Fruit preparations (where pH control can help optimise texture and stability)
Winemaking and Fermentation
Tartaric Acid is strongly associated with grape-based products and is used in winemaking to manage acidity and balance, supporting flavour and microbiological stability (subject to local regulations and producer requirements).
Pharmaceuticals and Nutraceuticals
In regulated applications, Tartaric Acid is used as an acidifying agent and may support salt formation for certain actives. It can also contribute to taste and stability management in oral formulations.
Industrial Uses
Tartaric Acid isn’t only valued for flavour applications—it also plays a role in industrial formulations that rely on controlled acidity and chelation. By helping adjust pH and bind metal ions, it can support stable processing conditions and more consistent results across batches.
- cleaning and metal treatment formulations
- textile processing
- specialty chemical processing and manufacturing+
Supply and Support
Redox supplies Tartaric Acid for many uses, backed by local warehousing, product knowledge, and reliable distribution in Australia and New Zealand.
If you’d like guidance on grade selection, usage considerations, or compatibility within your formulation, contact the Redox team for support.
At Redox, we proudly supply Polyethylene Linear Low (LLDPE), a high-performance thermoplastic that delivers outstanding strength, flexibility, and processing efficiency.
With proven quality from trusted producers such as Qatofin’s Lotrène® range, these Polymers are relied upon across industries where durability and adaptability are essential.
What is Polyethylene Linear Low?
Polyethylene Linear Low is a grade of polyethylene manufactured through the copolymerisation of ethylene with butene. This production method enhances toughness, puncture resistance, and flexibility compared to conventional low-density polyethylene (LDPE).
LLDPE’s unique balance of mechanical properties and cost-effectiveness makes it the material of choice for applications ranging from everyday consumer packaging to demanding industrial and agricultural uses.
Key Benefits
LLDPE Film offers a range of advantages that support both performance and efficiency:
- Strength and Durability – Excellent resistance to puncture and tearing, making it ideal for heavy-duty packaging and demanding applications.
- Flexibility – Superior stretch and sealing properties ensure efficiency in wrapping, lamination, and co-extrusion.
- Processability – Suitable for both blown and cast film processes, with reliable stability and gauge control at high output rates.
- Cost-Effective – High performance without compromising economic efficiency.
- Food-Safe Compliance – Meets FDA and European food contact regulations, making it suitable for food and hygiene packaging.
Applications
Polyethylene Linear Low is widely used in:
- Packaging – Freezer film, bread bags, stretch wrap, shrink film, shoppers, and heavy-duty sacks.
- Agriculture – Mulching films, greenhouse covers, and silage films.
- Industrial Uses – Tunnel films, liners, lamination film, multilayer packaging, and construction sheeting.
- Consumer Products – Trash bags, produce bags, carrier bags, and flexible household packaging.
Product Range
Lotrène® LLDPE grades available through Redox include options designed for both blown film and cast film applications.
- Blown Film Grades (Q1018 & Q2018 Series): Provide excellent toughness, puncture resistance, and printability, suited for heavy-duty bags, collation shrink, and multilayer packaging films.
- Cast Film Grades (Q2018C & Q3018C): These grades deliver good web stability and gauge control, making them ideal for stretch film, hygiene packaging, and agricultural films.
With a range of melt flow indices and additive packages (slip, antiblock, antioxidants), Redox can supply grades tailored to the exact performance required for your process.
Redox Advantage
With more than 60 years of experience in global distribution, Redox offers reliable supply chains across Australia, New Zealand, Malaysia, and North America.
Strong supplier partnerships allow us to provide competitive pricing, while our technical expertise ensures we deliver tailored solutions for every application.
Above all, we remain committed to quality, safety, and service excellence.
Partner with Redox
Polyethylene Linear Low Film is engineered for resilience, flexibility, and efficiency. Whether your needs lie in industrial packaging, agricultural applications, or consumer goods, Redox has the expertise, partnerships, and reach to support your business.
Contact us today to learn how Redox can add value to your supply chain.
Styrene-Butadiene-Styrene (SBS) is a high-performance thermoplastic elastomer that plays a vital role across a broad range of industries. As a block copolymer composed of styrene and butadiene, SBS combines the elasticity of rubber with the processability of plastic, making it an ideal material in applications where flexibility, durability, and ease of use are essential.
Applications Across Key Sectors
Thanks to its unique mechanical properties, SBS is widely utilised in the following industries:
Construction and Infrastructure
In construction, SBS is commonly used to modify bitumen for roofing membranes and road surfacing. SBS-modified bitumen significantly improves elasticity and resistance to thermal cracking, extending the service life of pavements and roofing systems especially in regions with extreme weather conditions.
Footwear and Consumer Goods
SBS is a popular choice in the manufacture of shoe soles, sporting goods, and personal care items. Its cushioning, flexibility, and grip make it perfect for comfortable, high-performance footwear, while giving manufacturers more design versatility.
Adhesives and Sealants
In the adhesives sector, it’s a key ingredient in pressure-sensitive and hot-melt formulations. It offers excellent tack, flexibility, and adhesion to a wide variety of surfaces essential for packaging, labelling, and industrial applications.
Plastics Modification
SBS is often used to enhance general-purpose plastics such as polystyrene and polypropylene. It improves impact resistance and flexibility, making it ideal for applications in automotive interiors, appliance housings, and protective packaging.
Key Properties
SBS is a thermoplastic elastomer, which means it can be repeatedly softened through heating and solidified again upon cooling—offering excellent versatility during processing and manufacturing. It also demonstrates outstanding elasticity and resilience, making it ideal for applications that demand flexibility, shock absorption, and impact resistance.
In essence, SBS combines the best of both worlds – the elasticity of rubber and the processability of plastic – making it a valuable material in a wide range of industries.
Innovation and Environmental Benefits
Recent advancements have led to the hydrogenation of SBS (producing SEBS), which delivers improved UV resistance, weatherability, and thermal performance—opening the door to more outdoor and automotive uses.
Environmentally, SBS’s thermoplastic nature means it can be reheated and remoulded, making it more recyclable than traditional rubbers. In infrastructure, SBS-modified asphalt leads to longer-lasting roads, reducing the frequency of resurfacing and associated emissions. Its longevity contributes to lower lifecycle costs and environmental impact.
Why Redox?
Redox proudly supplies high-quality grades of Polymer SBS suited to the demands of today’s industries. Whether you’re developing high-performance adhesives, upgrading infrastructure, or looking for a durable and flexible polymer for product design, SBS offers a proven and cost-effective solution. With the Asia-Pacific region accounting for approximately 41% of global SBS consumption, demand across local markets continues to grow making Redox your ideal partner in sourcing this essential material.
Contact your Redox representative to find out how Polymer SBS can enhance your products and contribute to more sustainable outcomes.
Redox is proud to offer a powerful solution to one of the most persistent challenges in industrial, commercial, and public environments, unpleasant and lingering odours. Introducing ODONEU-AIR, a scientifically formulated range of Australian-made odour neutralisers that go far beyond masking.
Backed by decades of research and real-world application, ODONEU-Air works at the molecular level to eliminate odours safely and effectively.
A Scientifically Proven Alternative to Masking Agents
Where traditional products rely on overpowering fragrances or harsh chemicals, ODONEU-AIR takes a different approach. Using a complex blend of over 30 high-grade essential oils, including peppermint, lemon, and eucalyptus ODONEU-Air triggers four chemical reactions: counteraction, absorption, bonding, and oxidation.
These reactions alter the structure of odour-causing molecules such as volatile organic compounds (VOCs), rendering them undetectable to the human nose.
This is no cover-up, it’s complete neutralisation.
Versatile, Safe, and Eco-Conscious
ODONEU-AIR is suitable for a wide range of environments, from hospitals and aged care facilities to grease traps, transport vehicles, and waste disposal sites. The formulation is:
- Non-toxic and biodegradable
- Highly dilutable, offering excellent cost efficiency
- Derived from natural, plant-based ingredients, with no known allergenic effects
- Free from corrosive agents, making it safe for surfaces and air scrubbers
Application is simple and adaptable: use spray bottles, fogging machines, hose dispensers, or direct integration into cleaning solutions.
Trusted Across Sectors
ODONEU-Air is already used in:
- Heavy industry and waste management
- Healthcare and aged care
- Transport and logistics
- Agriculture and animal housing
- Hospitality and public facilities
Whether you’re dealing with odours from organic waste, urine, mould, or processing residues, ODONEU-AIR offers immediate and lasting results.
Contact the Redox team today to learn more about ODONEU-Air dilution options, technical support, and supply solutions tailored to your sector.
Polyalpha Olefins (PAOs) are premium synthetic hydrocarbon base oils used in advanced lubrication systems across the automotive, industrial, and aerospace sectors. Manufactured through the controlled polymerisation of alpha-olefins, PAOs deliver exceptional purity, consistency, and performance in the most challenging environments. They also have emerging application for use in immersion cooling systems in data centres.
Why Choose PAOs?
PAOs are highly regarded for their thermal and oxidative stability, which allows lubricants to last longer and supports extended service intervals. They perform exceptionally well across a broad temperature range, ensuring reliable operation of machinery even in extreme cold or intense heat. Their low volatility helps minimise oil loss and reduce emissions, particularly under high-temperature conditions.
PAOs also offer superior viscosity characteristics, maintaining consistent lubrication under fluctuating loads and speeds. Additionally, they are highly compatible with a wide range of additives and base stocks, making them an ideal choice for customised lubricant formulations.
Polyalpha Olefins Key Applications
Automotive & Transportation
Used extensively in high-end engine oils, transmission fluids, and gear lubricants, particularly in performance, electric, and long-drain service vehicles.
Industrial Lubrication
Ideal for compressors, turbines, and hydraulic systems where stability, efficiency, and reliability are critical under heavy loads or fluctuating temperatures. These benefits align with best practices outlined by industry groups like ATIEL and the NLGI.
Aviation & Aerospace
Trusted in jet engines and aerospace applications, thermal endurance and oxidation resistance are essential.
Polyalpha Olefins (PAOs) are trusted in jet engine and aerospace applications where extreme temperatures, high speeds, and oxidative stress push lubricants to their limits. With superior thermal stability and low volatility, PAO-based formulations ensure reliable performance at altitude and under pressure.
Electrical & Electronics
Found in dielectric fluids and advanced cooling systems, including those used in data centres and high-voltage equipment.
Food-Grade & Specialty Lubricants
PAOs also serve as the base for specialty lubricants, including NSF H1 food-safe products, where non-toxicity and stability are required.
Sustainability Through Performance
While PAOs are synthetic, they contribute to sustainability goals by:
- Reducing lubricant consumption through longer drain intervals
- Improving energy efficiency in engines and equipment
- Minimising environmental impact via lower emissions and reduced waste
Redox supplies a range of high-quality PAO grades, supported by our global sourcing network and expert advice. Whether you’re formulating for automotive, industrial, or niche sectors, our team can help deliver performance and reliability you can trust.
Connect with our team to learn more about our PAO product range, technical support, and tailored supply solutions.
Hexafluorozirconic acid (HFZA) is a critical and increasingly sought-after inorganic compound recognised for its pivotal role in driving efficiency and sustainability across numerous industries. Its unique properties meet the demands of modern industrial processes, such as enhancing corrosion resistance and in metal surface treatments.
Hexafluorozirconic acid is a clear, colourless liquid with a strong acidic nature. It is a water-soluble compound known for its:
- High reactivity: HFZA reacts with a wide range of materials, making it a versatile agent in industrial applications.
- Corrosive properties: The compound exhibits strong corrosive effects on metals, glass, and organic materials, necessitating careful handling and storage.
- Stability: HFZA remains stable under controlled conditions, ensuring long shelf life when stored appropriately.
Applications of Hexafluorozirconic Acid
Hexafluorozirconic acid plays a critical role in several industries due to its unique chemical characteristics. Some of the most common applications include:
- Metal Surface Treatment HFZA is extensively used to pre-treat metal surfaces. It acts as a corrosion inhibitor and adhesion promoter, providing a protective layer that enhances paint and coating durability. This makes it particularly valuable in the automotive, aerospace, and construction industries.
- Ceramics and Glass Manufacturing In the ceramics and glass industries, HFZA is utilised to modify surface properties and improve the performance of end products. It contributes to increased strength, reduced porosity, and enhanced thermal resistance.
- Catalyst Production Hexafluorozirconic acid serves as a precursor in the production of advanced catalysts. Its reactivity is leveraged in chemical synthesis processes, including polymerisation and petrochemical refining.
- Etching and Cleaning HFZA is a key component in etching and cleaning solutions for electronics manufacturing. It aids in precision cleaning and surface preparation for semiconductors and circuit boards.
Handling and Safety Considerations
Due to its corrosive and reactive nature, handling hexafluorozirconic acid requires strict adherence to safety protocols. Here are some essential guidelines:
- Personal Protective Equipment (PPE): Always wear appropriate PPE, including gloves, safety goggles, and acid-resistant clothing.
- Storage: Store HFZA in a tightly sealed, corrosion-resistant container. Keep it in a cool, well-ventilated area away from incompatible substances such as alkalis and oxidising agents.
- Emergency Measures: Ensure access to eyewash stations and emergency showers in areas where HFZA is handled. Have neutralising agents readily available in case of spills.
- Transportation: Follow all regulatory requirements for the transportation of hazardous materials to ensure safe delivery to your clients.
Why Choose Us as Your HFZA Supplier?
At Redox, we understand the critical importance of quality and reliability in industrial applications. Our hexafluorozirconic acid is:
- High purity: We supply min 45% material only, Meeting stringent industry standards to ensure consistent performance
- Expertly supported: Backed by a team of knowledgeable professionals who can assist with technical questions and regulatory compliance.
How can we help?
Hexafluorozirconic acid is a vital chemical compound with diverse applications across multiple industries.
Contact us today to learn more about our offerings and discover how we can support your requirements.
In November of 2024, Redox acquired Auschem and was granted distribution of Viva Energy Australia’s great range of hydrocarbon solvents including VivaSol X55. For over 60 years, Viva Energy’s Geelong Refinery has been proudly manufacturing solvents for businesses of all sizes. As the only major producer of hydrocarbon solvents in the country, Viva Energy is steadfast in its commitment to supporting Australian manufacturing.
A prime example of this dedication is VivaSol X55, with a narrow boiling range, this rapidly evaporating solvent that has become a cornerstone of the rubber industry. Known for its versatility as both an industrial solvent and brake cleaner, VivaSol X55 consistently delivers reliable performance across a wide range of applications, making it a trusted choice of formulators and workshops Australia wide.
Product Overview: VivaSol X55
VivaSol X55, also commonly known as Shellite Solvent, is a clear, flammable liquid hydrocarbon composed entirely of petroleum hydrocarbons (100%). Known for its rapid evaporation and minimal residue, it is widely used for contact cleaning applications.
With a flashpoint below 0°C and a typical boiling range of 62-100°C, VivaSol X55 is highly flammable but extremely effective. Its relatively low boiling range ensures fast drying and low residue, making it ideal for cleaning surfaces without risking damage to integrity.
Applications and Benefits
- Fast Drying: As a degreaser, VivaSol X55 flashes off quickly, ensuring a clean and polished finish.
- Surface Preparation: Removes grease, oils, and other contaminants, making it ideal for cleaning surfaces before painting or coating.
- General Cleaning: An effective solution for workshop floors, walls, and general maintenance.
- Brake Cleaner: Efficiently removes oil, grease, and brake dust for vehicle maintenance.
- Adhesive Cleaning: Commonly used for cleaning adhesives and preparing auto transmissions.
- Thinner and Pre-Cleaner: Essential for spray-painting preparations.
Note: While VivaSol X55 is versatile, it is not recommended for cleaning gummed-up carburettors.
Download our Technical Data Sheet for VivaSol X55 here for more details.
Mechanics in workshops across industries depend on VivaSol X55 for its efficiency in brake cleaning and maintenance. This fast-drying solvent effectively removes grease for optimal performance. With its rapid evaporation and low-residue properties, VivaSol X55 ensures a professional and precise finish every time.
History and Packaging Details
Production History: Viva Energy’s Geelong Refinery began producing X55 in August 2017, marking the first new solvent product from the refinery since the 1980s. VivaSol X55 has since become a key component in applications such as tyre shine, tyre re-treading, cleaning auto transmissions and brakes, and as an adhesive thinner.
Packaging Options:
Bulk quantities of VivaSol X55 are stored at APCS Ingleburn and Redox Wetherill Park. From these locations, the product is repacked into various packaging sizes to meet customer needs:
- 1,000 LT IBCs: The most popular pack size, repacked at both APCS Ingleburn and Redox Wetherill Park.
- 200 LT Drums & 20 LT Pails: Smaller pack sizes, exclusively repacked at Redox Wetherill Park.
Choose VivaSol X55 for Quality and Reliability
For those seeking a premium solvent solution for industrial or DIY purposes, VivaSol X55 delivers unparalleled performance. Its fast-drying, low-residue properties and wide range of applications make it a preferred choice for professionals across industries.
As the only hydrocarbon solvent supplier in Australia with laboratory facilities, we offer more than just a product – we provide innovation and tailored solutions. Our team of technical specialists is always available to offer advice and assistance, ensuring you get the most out of VivaSol X55. With our ability to analyze products in-depth and develop new formulations, we bring added value to our customers.
Contact us today to learn more about VivaSol X55 and discover our flexible packaging options designed to meet your specific needs.
Redox Ltd (ASX:RDX, or ‘Redox’ or ‘the Company’), a leading global chemical, ingredients and raw material distributor, announces that it has agreed to acquire 100% of the shares of Oleum Pty Ltd and Oleum Holdings Pty Ltd (‘Oleum’), a specialty and commodity chemicals distributor to the agriculture, mining, personal care and surface coatings sectors.
The acquisition, which is consistent with Redox’s strategy, expands the Company’s customer base in Australia, enhances supplier relationships with globally significant specialty chemical manufacturers and widens the range of products available to Redox’s established clientele. It will allow the Company to better serve the needs of a larger number of clients and help to accelerate growth in key market segments.
Founded in 2015, Oleum is an Australian chemical distributor with a strategic portfolio of surfactants. Oleum sells across a wide range of industries and has a particular focus and strength in Crop Protection and Household/Personal Care. Headquartered in Melbourne, the company consists of a team of 5 who have achieved an outstanding track-record of excellent customer service across a range of compelling offerings from some of the world’s most renowned manufacturers. Sales revenue in 2023 was approximately A$30m.
John Lemanis, Director of Oleum, says:
“Redox is the perfect home for Oleum, the businesses are strategically well aligned and will be highly complementary to each other. My team is excited to join Redox which will leverage what’s great about us with the benefit of Redox’s leading software system, wide logistics network and larger team of salespeople.”
CEO & MD of Redox, Raimond Coneliano, added:
“This is a special opportunity, and we are delighted to welcome John and the Oleum team to Redox. Together our combined knowledge and product portfolio will be an exciting prospect for Australian customers of both companies. In time, we anticipate the opportunity to promote select Oleum products and suppliers to our clients in the United States and around the world. This certainly helps cement Redox as the pre-eminent distributor of chemicals in the region and will provide new avenues for growth.”
Transaction details and transition arrangements
A Share Sale Agreement was executed by the parties on 2nd July 2024, with a simultaneous completion of the transaction. As a result Redox has acquired the key assets of the business as of this date.
Customers and suppliers should continue to deal with Oleum Pty Ltd as per pre-acquisition, it is expected that integration will be completed on the 1st of August 2024 after which all new orders should be placed upon Redox Limited.
Reach out to your Redox or Oleum representative for more details.
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The global shipping industry is grappling with significant disruptions, exacerbated by the Houthi Red Seas attacks and an unprecedented surge in demand. Experts suggest the current situation could prove even more challenging than the COVID-19 pandemic.
One of the major players in the shipping industry, Maersk, has introduced a Peak Season Surcharge, a measure they did not implement during the height of the COVID-19 crisis. The surcharge rates are substantial:
- US$500 per TEU (twenty-foot equivalent unit) from North Asia to Australia,
- US$300 from Southeast Asia to Australia, and
- US$300 from Asia to New Zealand.
The market has seen a jump of over US$1000 per TEU, indicating severe price hikes across the board.
Adding to the strain, Maersk has significantly reduced its allocation from Southeast Asia due to underutilisation earlier this year. While other carriers are temporarily absorbing the excess demand, this presents an ongoing risk to logistics stability.
Transhipment Port Congestion
Transhipment ports, which typically operate smoothly, are now experiencing severe congestion, causing further delays. Cargo that requires transhipment is at high risk of being stuck for extended periods.
Additionally, moving dangerous goods (DG) through certain ports has become increasingly problematic. Recent reports indicate that congestion in Singapore has now surpassed levels seen during the COVID-19 pandemic, compounding the delays.
Equipment Supply Shortages
With more containers spending longer periods at sea, the availability of empty containers at specific ports has sharply decreased. This scarcity of containers is another critical issue with no immediate solution in sight.
Increasing Lead and Shipping Times
Space for shipments from Asia to Australia is currently unavailable until the second week of July, indicating a six-week lead time. The ongoing vessel bunching and transhipment issues suggest that transit times will continue to lengthen in the coming months. While shipments from Southeast Asia to New Zealand are relatively stable for June, the overall outlook remains uncertain.
The Situation in the USA
In the United States, there is growing concern about the return of the US$10,000 container. Shipping rates are increasing by US$1000 per week, with no clear ceiling in sight. The industry is scrambling for solutions:
- Though space is limited, non-dangerous goods rates are available from Xingang and Qingdao to Oakland, Long Beach, Chicago, Newark, and Jacksonville. Suppliers should consider alternative ports and discuss local logistics options with sales representatives.
- Investigating local North American producers and considering road or rail freight across the continent may offer cost-effective alternatives.
For more details on these developments, you can refer to the following articles:
- Maersk Peak Season Surcharge
- Port Congestion Returns to Haunt the Container Markets
- The $10,000 Shipping Container Looms in Latest Trade Strains
The global logistics landscape is facing a critical juncture, and stakeholders must adapt swiftly to navigate these challenges effectively.