New Asia Investments announces new investment in Singapore
- Specialty chemicals firm addresses major markets
- All-round provider for the coating industry
- New proprietary metal-coating technology
Singapore – May 23, 2012 – New Asia Investments (formerly Nanostart Asia Pacific) has acquired a stake in Singapore-based Stella Specialty Chemicals Pte Ltd via its Singapore-focused side fund. Stella offers a wide range of specialty chemical products for surface treatment of metals and plastics. Consequently, the company is an all-round provider for the coating industry.
Stella has already started its marketing activities. The fund has initially acquired around 10 per cent of the shares in Stella. There are plans to increase the stake to around 23 per cent at the beginning of 2013. The purpose of New Asia Investments’s investment is to develop and implement the marketing concept and build up a sales team for the Asian market. Said Dr Yin Xi Jiang, Founder and Director of Stella: “This investment fund will accelerate the growth of Stella Specialty Chemicals. It is able to help Stella to continuously validate products and innovations to meet the needs of customers.”
Bernd Dautel, Director of New Asia Investments, commented on the new equity investment: “For a start-up company, Stella already has an extremely wide product range with new technologies for coating metallic and non-metallic surfaces. For the similarly diverse target markets ranging from the electronics industry through jewelry and sanitation to the automotive industry, the Stella product range provides solutions that not only improve the end product itself, but also meet economic efficiency and environmental compatibility requirements. The market potential is correspondingly high. Stella therefore meets our criteria for a company that we expect to perform strongly.”
Stella originated from the Advanced Material Technology Centre at Singapore Polytechnic and has years of experience in nanotechnology and green chemistry research and development. Among other things, Stella has developed its own procedure for applying self-assembling monolayers (SAM) to metal surfaces. The extremely thin layers reduce the use of precious metals, resulting in better corrosion and wear resistance. The service life of products is increased whilst costs are reduced. This is a key competitive advantage, particularly in view of rising precious metal prices. The SAM process developed by Stella is water-based, and ultra-thin nano-protective layers can be formed on gold, silver, copper, nickel and tin surfaces in a few seconds. This technology can be used in reel-to-reel process.
Self-assembling monolayers are a typical area of nanotechnology. They are produced when a material is dipped in a solution containing molecules with a hydrophilic end and a lipophilic end. The molecules are taken up by the metal surface at the hydrophilic end. The lipophilic ends in this highly ordered molecule layer face outwards and form the surface of the coating, which therefore has the thickness of a molecule. They give the coating the desired water-resistant and protective properties.
About New Asia Investments:
Nanostart Asia Pacific Pte Ltd was established in Singapore in 2012 with the goal to explore the growth markets of Asia. Via its predecessor companies, it has been active in Singapore since 2008. As a venture capital investment company, New Asia Investments invests in young, up-and-coming technology companies which are approaching market launch or have innovative products already on the market. In Singapore, it invests as a partner of Singapore government via a separate side fund. New Asia Investments is led by experienced management and its shareholders include a number of strategic investors based in Asia, which actively support the company’s expansion with their network and experience.
Stella Specialty Chemicals (S) Pte Ltd (Stella) is a company spun off from Advanced Materials Technology Centre (AMTC) at Singapore Polytechnic. Stella is a fast growing specialty chemicals company offering innovative and green chemicals for coating, plating, and treatment processes in electronics, automobile and jewellery industries. With a sturdy foundation and innovative ideas, Stella aims to bring surface finishing technologies to a whole new level. Stella strives to be a leading global manufacturer in high performance specialty chemicals and materials. To achieve its vision, Stella’s technology-driven product innovation, research and development, environmental sustainability and cost-effectiveness, leads us towards fulfilling new markets and customer requirements. More information about Stella can be found on: www.stellachem.com.
About Singapore Polytechnic:
Established in 1954 to meet the manpower needs identified by the government, Singapore Polytechnic (SP) is Singapore’s first polytechnic. Its 10 academic schools offer 50 full-time diploma courses for its 15,970 students and courses are kept relevant through close links with industry and government bodies, as well as with various overseas institutions. SP offers broad-based, multi-disciplinary and flexible curriculum dedicated to hands-on experience. It is committed to the development of its applied research and development capabilities to enhance the quality of teaching and commercialization efforts. Through Design Thinking, SP offers a revolutionary approach to education, allowing its students to look at problems from different perspectives, and strike a dynamic balance between intuitive and analytical thinking to provide impactful solutions. Among SP’s 166,800 graduates are successful entrepreneurs, top executives in multinational and public-listed corporations, and well-known professionals, many of whom are captains of industries, university professors and researchers, and leaders in government. SP is the first polytechnic to be awarded the President’s Award for the Environment in 2010 and the President’s Social Service Award in 2011. More information about Singapore Polytechnic can be found on www.sp.edu.sg