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alexium international group (AJX) Details

Alexium International Group Limited develops and sells specialty chemicals and solutions in Australia and the United States. The company offers flame retardant (FR) treatments, including Alexiflam FR for use in synthetic and synthetic-blend fabrics; Alexiflam NF for use in cotton and cotton-blends; and Alexicool, a chemical finish for fabrics. In addition, the company offers FR NyCo technology, a measure for flame retardant protection in military uniforms. Its products are used in defense applications; and consumer applications, such as automotive and transportation, outdoor fabrics, and bedding and decorative fabrics. The company is headquartered in Perth, Australia.

alexium international group (AJX) Top Compensated Officers

CEO, MD & Director
Total Annual Compensation: $208.1K
Compensation as of Fiscal Year 2018.
alexium international group
Alexium International Group Limited Receives US Environmental Protection Agency Approval Under TSCA for the Manufacture and Sale of Alexiflam® NF in the US

Alexium International Group Limited announced that it has received US Environmental Protection Agency (EPA) approval under TSCA for the manufacture and sale of Alexiflam® NF in the US. The EPA approval provides Alexium with access to the largest market region for flame retardant cotton and follows the recent announcement of the Company's Memorandum of Understanding with ICL for the future manufacture, marketing and sales of Alexiflam® NF. Alexiflam® NF is a patent pending flame retardant developed by Alexium for the treatment of cotton and cellulose-based textiles. Alexiflam® NF has enhanced flame-retardant properties over incumbent products. In addition, it provides improved environmental and health profiles: Essentially formaldehyde free; Mild application conditions; Ammoniation free application. The approval received under the US Toxic Substances Control Act (TSCA) follows the successful completion of the EPA's risk assessment of the hazards associated with the manufacturing, processing, and use of Alexiflam® NF. TSCA regulates the introduction of new chemical products in the US. Recently updated by the Lautenberg Chemical Safety Act, the assessment of Alexiflam® NF was under the more rigorous new TSCA standard. This EPA approval provides Alexium with the ability to manufacture and sell Alexiflam® NF in the US, which represents nearly half of the global flame-retardant cotton market. Based on the provisions of the approval, Alexium can produce the volumes of Alexiflam® NF needed to support the Company's sales targets for military and industrial application in the US.

Alexium International Group Limited, Q3 2019 Operating Results Call, Apr 29, 2019

Alexium International Group Limited, Q3 2019 Operating Results Call, Apr 29, 2019

Alexium International Group Limited Announces Signing of Memorandum of Understanding (MOU) with ICL

Alexium International Group Limited announced the signing of a Memorandum of Understanding (MOU) with ICL) regarding the future marketing, sales, and potential manufacture of Alexiflam NF by ICL, as Alexium increases the channels to market for its flame-retardant products. The MOU establishes a framework for the potential commercialization of Alexiflam NF with ICL, including: Alexium retaining rights to sell Alexiflam NF into defined markets currently under development by Alexium. ICL being granted sole global marketing and sales rights for the Alexium NF product, the terms of which are subject to the final agreement; Both parties collaborating to assess the costs and address the practical details involved with the volume production of Alexiflam NF. This MOU is the result of a long period of co-operation with ICL. In August 2014, both companies collaborated in a South Carolina/Israeli Collaborative Industry R&D Program initiated by the Governments of South Carolina and Israel. With this effort, Alexium and ICL worked on novel approaches to the flame retardation of nylon-based textiles. Alexiflam NF is a proprietary flame retardant developed by Alexium for cotton and cellulose-based textiles. Flame retardant cotton (FR cotton) is a prominent segment of the protective fabrics market with the QYR Chemical & Material Research Center assessing the global market size for FR cotton fabrics as 367 million square yards per annum. Global production by region is shown in the table to the right. Based on regulatory compliance of Alexiflam NF, initial distribution efforts are expected to focus on European end markets followed by expansion into China and the US. Beyond these established markets, Alexium has identified unique opportunities for Alexiflam NF such as prospective applications in FR sock for bedding and FR treatment for fleece. Analyses of these markets were previously reviewed in the MD/CEO AGM presentation. Combining these opportunities with the established FR cotton market provides a diverse range of markets based on end-users and regions.

 

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