January 5 2021, David R Brown
Azelis boosts its presence in Vietnam through the acquisition of a majority stakes in MKVN and Viet Chemicals
Azelis has acquired a majority shareholding in both MKVN Chemicals Co., Ltd. (MKVN Co., Ltd.) and Viet Chemicals trading and Service Company Ltd. (Viet Chemi Co., Ltd) through their parent company Bellekimia Singapore Pte. Ltd (Bellekimia). Both companies are active in personal care, industrial chemicals, agro and food segments as well as supply chain solutions. Founded in 2000 and with offices in Hanoi and Ho Chi Minh, MKVN Co., Ltd. and Viet Chemi Co., Ltd have a strong reputation in Vietnam, serving a number of international principals and 700 customers.
By strengthening our presence in Vietnam, we will gain better coverage in the entire region which is key for us to attract new mandates with our existing principals.
Laurent Nataf
CEO & President of Azelis Asia Pacific
The addition of MKVN CO., LTD. and VIET CHEMI CO., LTD significantly increases Azelis' presence in Vietnam as well as expanding their product portfolio and adding further personal care laboratories to their network.
Mr. Laurent Nataf, CEO & President of Azelis Asia Pacific, explained: “Growth in Asia Pacific has been one of the strategic priorities for Azelis. By strengthening our presence in Vietnam, we will gain better coverage in the entire region which is key for us to attract new mandates with our existing principals. Azelis and our new partners MKVN Co., Ltd. and Viet Chemi Co., Ltd have highly complementary business models which will help us diversify our product portfolio significantly. MKVN Co., Ltd. and Viet Chemi Co., Ltd currently operate best-in-class personal care laboratories in Vietnam. These laboratories will provide important added value to Azelis’ existing technical expertise and will bring benefits to the entire region. Last but certainly not least, the Kassim family have an excellent reputation in the market and the entire management team is well known and respected in the country.”
Azelis has been active in Vietnam since 2015 and operate application laboratories for Personal Care, Home Care, CASE and Textiles in the country. Mr. Kamal Hezry Kassim will continue to manage the business and will report to Azelis Asia Pacific CEO & President, Laurent Nataf.
About Azelis
Azelis is a leading distributor of speciality chemicals and food ingredients present in over 50 countries across the globe with around 2,200 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to about 40,000 customers, creating a turnover of €2.15 billion (2019).
Throughout our extensive network of more than 60 application laboratories, our award-winning technical staff help customers develop formulations. We combine a global reach with a local focus to offer a reliable, integrated service to local customers and attractive business opportunities to principals. And we believe in building and nurturing solid, honest and transparent relationships with our people and partners.
Source(s): Azelis Press Release
Further Information
Visit: https://www.azelis.com