BRB announces joint venture with Ban Guan Chemical
BRB Singapore Pte Ltd and Ban Guan Chemical Pte Ltd. announced that they have formed a joint venture in Singapore under the name of Viscotech Asia Pte Ltd., to produce VI improvers under the brand name of Viscotech®.
This 65-35 joint venture will leverage BRB’s vast experience and knowledge of lube additives and Ban Guan Chemical’s expertise in manufacturing and engineering. Operations will commence in July 2016.
BRB International B.V. is an international additives, chemicals and silicones producer headquartered in The Netherlands. Ban Guan Chemical, a 100% subsidiary of Malayan Daching Co Pte Ltd., was established in 1926. The parent company of Ban Guan Chemical, Malayan Daching Company, started as a manufacturer and supplier of mechanical weighing scales and repair service provider in 1955. Today, it has evolved into an integrated engineering service provider, which has a long history in the chemical and chemical-related business.
Ban Guan will be manufacturing and supplying the dissolved polymers in bulk carriers, iso tanks, IBCs and drums. The joint venture will bring the production of Viscotech® products closer to Asian customers, which will be available through BRB Singapore Pte Ltd.
“We are looking forward to our new relationship and have planned for profitable growth in the joint venture. We are excited about the potential to expand our Viscotech production in the Asian markets. We look forward to work with our Singaporean partner and expect great success,” said BRB CEO Ralph Pinckaers.
“The JV combines the ambitious attitude of both companies and will deliver quality products to the markets in Asia. We plan to serve our Asian customers with high quality and service levels. We are delighted to have the opportunity to work with BRB in Singapore,” said Sim Chuan San, managing director of Malayan Daching and Ban Guan Chemical.