Coatings Industry News

Main News Page


Hempel Expands Business in China

Friday, May 29, 2020

Comment | More

Last week, global coating supplier Hempel announced via press release that it broke ground on what will be a new factory in Yantai Chemical Industrial Park, China.

While the new facility will replace an existing facility in Yantai, two other factories in Kunshan and Guangzhou will remain. According to Hempel, the decision to expand comes as a means to help meet the increasing demand for more sustainable and innovative coating solutions in the region. 

Hempel

Last week, global coating supplier Hempel announced via press release that it broke ground on what will be a new factory in Yantai Chemical Industrial Park, China.

“With our new factory in Yantai, we’re sharpening our focus on delivering innovative and more sustainable coating solutions to our customers in the region. The Chinese market is a very important part of Hempel’s business and our ongoing investment demonstrates our confidence in the region,” said Michael Mei, Group Vice President of Hempel in North Asia.

“We’re investing in new and better production facilities to deliver on our ambitious goal of doubling Hempel’s revenue in the next five years to EUR 3 billion.”

At the new 18,000-square-meter (roughly 193,750-square-foot) factory, Hempel plans to produce waterborne, solvent-based and powder coatings. The company has invested $100 million to build the production facility.

The new factory is slated to be in inaugurated in 2021 and will have a production capacity of more than 102,000 tons per year.

   

Tagged categories: Asia Pacific; Business management; Business matters; Business operations; Coatings; Coatings manufacturers; EMEA (Europe, Middle East and Africa); Hempel; Latin America; North America; Program/Project Management; Project Management; Z-Continents

Comment Join the Conversation:

Sign in to our community to add your comments.


Advertisements
 
DeFelsko Corporation

 
KTA-Tator, Inc. - Corporate Office

 
SAFE Systems, Inc.

 
Strategic Materials Inc.

 
Sauereisen, Inc.

 
Tarps manufacturing, Inc.

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us