Hempel Paints to transfer manufacturing operations

Hempel Paints, a global supplier of marine, protective and decorative coatings, has announced plans to move its entire production in Saudi Arabia to its new plant in Jeddah’s Second Industrial City as part of a strategy aimed at meeting the needs of its Saudi customers. Inaugurated two years ago, the factory in Jeddah is Hempel’s first 100 percent water-based production factory in the Middle East, the largest in region, and the second largest in the world. The strategic move coincides with the centennial anniversary of the inception of Hempel Group.
Commenting on the announcement, Ahmed Abdul Aziz, sales and marketing director at Hempel Paints Middle East, said: “We, at Hempel Paints, keep up with market developments and strive to meet customer needs and requirements. We completely understand that Saudi Arabia, in line with its Vision for 2030, will witness dynamic developments across all aspects, particularly the construction sector, which is the largest in the region. Plans are under way to build 40,000 hotel rooms by 2018 in Riyadh and Jeddah and 120 hotels by 2020 in the Kingdom. According to Raden bin Sa’afaq Al-Dweish, chairman of the Housing and Urban Development Committee of the Eastern Province Chamber of Commerce and Industry, around 1.5 million residential units are in demand in the market.”
Abdul Aziz said: “Built on 15,000 square meters, the factory has production lines with manufacturing capacity of 32 million liters a year. The plan is to increase the maximum capacity to around 40 million liters annually.” As for Hempel’s market share, Abdul Aziz said: “The paints and coatings market has a great growth potential, with an estimated value of SR3 billion a year, and Hempel Paints is aiming to double its market share in the Kingdom.”
Hempel Paints’ market share is expected to grow in the next five years due to the company’s commitment to providing its customers with best quality products and services.
Hempel decorative paints are widely used by homeowners, architects, and construction companies.

Source: Arab News