Hempel expands in India
17 Jun 2011
Hempel, the Danish-based industrial and marine paint manufacturer, is expanding its operations in the Indian subcontinent with the opening of a new manufacturing unit in Nashik, Maharashtra.
The company also plans to invest approximately EUR 15-20 million in a greenfield project over a period of three years.
“We are excited to expand our presence in the Indian subcontinent and supply not only India, but also Sri Lanka, Bangladesh, the Maldives and Nepal,” says Kim Junge Andersen, CFO, Hempel. “We’ve had very positive experiences with our organisation in India and the new plant will significantly boost our ability to serve our growing customer base in this region.”
Designed to house raw materials and the finished product under one roof, the factory is spread across a 1,500m2 plot. Under a one-shift operation, the factory will produce 1.5 million litres annually. If further capacity is required, the factory can operate with two shifts to raise production capacity to 2.4 million litres.
With a strong presence in India, Hempel can supply clients such as Gamesa, Suzlon, Enercon, Siemens, Welspun, JSW, PSL, Larsen & Toubro Ltd., ONGC, IOCL, Crompton Greaves, ABB, Alstom, Essar, Punj Lloyd, major ship owners, all leading shipyards including Bharati, L&T, ABG and many more.
“With the new greenfield plant, we hope to increase our product assortment and provide a mix of standard and specialised products for the local market,” says Kim Junge Andersen. “The plant will be instrumental in meeting goals for our company as well as for our customers. We want to build a strong presence in India and be a part of the exciting growth that’s taking place there.”
“We are excited to expand our presence in the Indian subcontinent and supply not only India, but also Sri Lanka, Bangladesh, the Maldives and Nepal,” says Kim Junge Andersen, CFO, Hempel. “We’ve had very positive experiences with our organisation in India and the new plant will significantly boost our ability to serve our growing customer base in this region.”
Designed to house raw materials and the finished product under one roof, the factory is spread across a 1,500m2 plot. Under a one-shift operation, the factory will produce 1.5 million litres annually. If further capacity is required, the factory can operate with two shifts to raise production capacity to 2.4 million litres.
With a strong presence in India, Hempel can supply clients such as Gamesa, Suzlon, Enercon, Siemens, Welspun, JSW, PSL, Larsen & Toubro Ltd., ONGC, IOCL, Crompton Greaves, ABB, Alstom, Essar, Punj Lloyd, major ship owners, all leading shipyards including Bharati, L&T, ABG and many more.
“With the new greenfield plant, we hope to increase our product assortment and provide a mix of standard and specialised products for the local market,” says Kim Junge Andersen. “The plant will be instrumental in meeting goals for our company as well as for our customers. We want to build a strong presence in India and be a part of the exciting growth that’s taking place there.”
