JEC COMPOSITES MAGAZINE - Issue #74 - July 2012 - 10

glass fibre

3B-the fibreglass company looks toward Asia
Following the acquisition by the Braj Binani Group, 3B-the fibreglass company gains significant and immediate growth potential and ensures long-term success.
significant opportunities to deliver greater value to what will become our mutual customers.”

he Braj Binani Group completed the acquisition of 3B-the fibreglass company on February 1, 2012. One of India’s fastest growing business conglomerates, the Group has diverse interests in cement, zinc, fibreglass and composites. Driven by a strategy to create a major fibreglass player with state-of-the-art technology, unrivalled innovation capabilities and worldwide ambitions, the Group was searching for, and found in 3B, a partner of quality. According to Group Chairman Braj Binani, “3B is a great innovative and entrepreneurial company synonymous with reliability and quality. Their product range and geographic reach are highly complementary to ours and offer

The addition of 3B significantly expands the Binani Group’s fibreglass capabilities and will consolidate its fibreglass business. All Binani fibreglass operations will be grouped together under 3B-the fibreglass company. The combined fibre glass production capacity is 170,000 tons of which 150,000 are in Europe – 3B’s plants in Belgium and Norway – and 20,000 in Goa, India. “In order to better serve our customers and support their global growth, we have ambitious objectives for the future which include increasing our combined global capacity from 170,000 tons today to more than 300,000 tons in 3 to 5 years’ time,” Braj Binani adds.

3B-Binani

The Braj Binani Group fully embraces and confirms 3B’s strategy to focus on the key wind, thermoplastics and performance composite markets and to pursue its track record of innovation. Building on strong complementarities, shared corporate values and a common commitment to quality excellence and corporate social responsibility, 3B is well positioned to fully capture new growth
JCM: With 3B, you are changing scale. Do you think you will stop there?

interview

Braj Binani: The Braj Binani Group has
been convinced of the growth potential of the composites and the fibreglass markets since we built our fibreglass operations at Goa back in 1996. In the last years, we were getting prepared to expand our footprint in the global fibreglass market guided by a vision to create a major fibreglass player with state-of-the-art technology, global ambitions and unrivalled innovation capabilities. To create this fibreglass champion, we were looking for a quality partner sharing the same vision and values as the Braj Binani Group. Then, we were informed that 3B was for sale. This was the perfect fit. As Seneca said, “Luck is when preparation meets opportunity.”

B.B. : The adventure is just beginning. With

Braj Binani, Chairman, Binani industries Limited

JEC Composites Magazine: Did you make this acquisition based on an opportunity, or were you already planning to expand your activity in the composite sector, and more specifically in glass fibre?

3B, we have a solid base to build a true global fibreglass leader that will be a reference in terms of quality and innovation. Also, we have ambitious objectives for the future which is to increase our combined global capacity from 170.000 tons today to more than 300.000 tons in 3 to 5 years’ time. This will allow us to better serve our customers and support their own global growth agenda. It will be achieved in full respect of the existing commitment of 3B with all consistencies and related parties.

JCM: What are the advantages for 3B?

10 jec composites magazine / No74 July 2012

JEC COMPOSITES MAGAZINE - Issue #74 - July 2012

Table of Contents for the Digital Edition of JEC COMPOSITES MAGAZINE - Issue #74 - July 2012