SIG, a leading supplier of specialist insulation and sustainable building products and solutions to construction customers across Europe, has placed an initial 拢40,000 order with Zenova.
For Zenova, which is effectively a start-up, this is potentially significant. Its entire annual revenue in 2021 was only 拢6,000 and it made a loss of more than 拢1m.
Zenova started life only in 2020 and listed on the alternative investment market (AIM) of the London Stock Exchange last year with big plans. SIG鈥檚 support could be transformational.
SIG鈥檚 initial order includes 聽Zenova primers, Zenova IP thermal insulation paint, Zenova IR thermal insulation render and Zenova FP fire protection paint. Alongside the order, Zenova will work with SIG to provide training to its staff on the products, which will be sold via SIG's UK branches and associated websites. Zenova is expecting 鈥渁 substantial order book鈥� to build from this relationship.
SIG UK business development director Russell Pagan said: "I am pleased that SIG UK are a strategic partner of Zenova, helping to bring their innovative solutions to market."
Zenova Group founder and chief executive Tony Crawley said: 鈥淎s a leader in its respective markets, SIG plays a critical role in mitigating climate change across the construction industry and its insight and specialist knowledge is something customers rely on and respect. By supporting the supply of our products with training, SIG's staff will better understand the uses and benefits of Zenova's innovative range, and be well equipped to share that knowledge with customers leading to a significant number of sales.
"We believe that Zenova's products have a significant role to play in helping to address the fire safety and building insulation challenges we currently face, and by working with SIG we will be continuing to increase understanding, awareness and adoption of our innovative products throughout the construction sector."
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