Hempel Inaugurates New Manufacturing unit in Nashik

Hempel  Inaugurates New unit in Nashik

Strengthens its presence with new factory in India

Hempel, one of the world’s leading industrial and marine coatings suppliers, is expanding its footprint in India. After the success of its first manufacturing facility in the country, which opened in Nasik Maharashtra in 2011, the Danish-based company today inaugurated a new state-of-the-art manufacturing facility in Nashik.

 

With a production capacity of approximately 10 million litres per year, the new greenfieldfactory will significantly increase Hempel’sability to serve the rapidly growing South Asian market. The new plant will mean shorter lead times for customers and will further strengthen Hempel’s presence in the region.

 

The new factory will manufacture paint for the marine and protective coating segments, serving customers in India, Sri Lanka, Bangladesh, the Maldives and Nepal. The plant is located in Nashik, a city in western India in the state of Maharashtra.

The facility, spread over two acres of land, is part of the company’s One Hempel – One Ambition growth strategy and is one of three new plants scheduled to open around the world in 2014 and 2015.

Pierre-Yves Jullien, Hempel Group President and CEO, comments: “India is one of the fastest growing coatings markets in the world and we expect further growth in the future. We will invest a further EUR 2 million in a second phase capacity expansion at the Nashik site, which will help meet our company’s and our customers’ needs in the entire South Asia region by further strengthening our manufacturing capabilities and boosting our ability to serve existing and new customers.”

According to Umesh Singh, Group Vice President – South Asia,Hempel has seen increased growth in India over the last few years, particularly in certainsegments, such as the oil& gas, wind turbine, pipeproduction and OEM industries.

“The increasing trend to use high-end coatingsin these industries has helped Hempel to make further inroads in Indian market,” he says. “The new plant will help us meet the growing demand for our coatingsand will cut down lead times. Our new regional R&D facility, which is Hempel’s eleventh such facility around the globe, will also help Hempel India further consolidate its market position.”

The Nashik factory

With a production volume of approximately 10 million litres per year, the EUR 3 million facilityis spread over two acres of land.

The factory is fitted with manufacturing equipment designed for maximum productivity and safety. It features zero discharge, an automatic liquid dosing system and a barcode system that will enable faster traceability of raw materials and finished goods. The factory is also equipped with an R&D Laboratory to cater for specific customer requirements.

“With the opening of this new plant, we aim to increase our product assortment and provide a mix of standard and specialised products for the local market”, says Umesh Singh. “We want to build a stronger presence inSouth Asia and to be part of the exciting growth that is taking place in the region.”

Hempel plans to invest significantly in the plant over the next three years. The plant is designed for future capacity expansion and will supply marine and protective coatings to the entire region.

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For more information, please contact:

Shawn Xavier

MSLGROUP in India

Email: shawn.xavier@mslgroup.com

Mobile: + 91 956 143 2081

Malte V. Eggers

Group Communication Director

Email: meg@hempel.com

Phone: +45 4527 3976

Mobile: +45 2097 5809

Notes to editors:

About Hempel:

Hempel is a world‐leading coatings supplier to the decorative, protective, marine, container and yacht markets. From windmills and bridges to hospitals, ships, power stations and homes, our coatings protect man‐made structures from the corrosive forces of nature.

With a focus on R&D, advanced production techniques and professional coatings advice, we work around the globe to help keep our customers’ investments safe and attractive for a long time. Our working concept is simple: we are curious, creative and self‐critical, and we always aim to create extra value for our customers.

www.hempel.com

Hempel in South Asia

Hempel is expanding its operations in the South Asian region. The company has established a new factory in India to manufacture coatings for the marine and protective segments, and plans to invest significantly in the plant over the next three years.

This comes as a result of Hempel’s solid growth in the region. It is also in line with the company’s 

One Hempel – One Ambitiongrowth strategy to become one of the ten largest coatings suppliers in the world by 2015.

• The new plant will boost Hempel’s ability to serve a growing customer base in the region

• With a stronger presence in India, Hempel can increase its market share and supply to other countries in the region

Hempel globally

·         Hempel has 24 factories, 48 sales offices and more than 150 stockpoints

·         Present in more than 80 countries, Hempel employs over 5,000 people 

·         Hempel owns Crown Paints and Blome International Inc.

Hempel financials for 2013:

·         Revenues of EUR 1,239 million

·         EBITDA of EUR 165 million, highest in Group history

·         Operating profit up from EUR 83 million to EUR 125 million

·         Net profit increased by EUR 30 million to EUR 65 million