Hempel inaugurates New manufacturing unit in Nasik
Hempel 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.
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.
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
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