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Hempel to Stop Paint Production in Denmark
Thursday, May 08, 2008
Paint production at the factory in Lundtofte, Kgs. Lyngby, Denmark, will continue until the 31 May 2010. After that point, a new factory in Poland will take over. Hempel’s remaining departments in Lundtofte, Kgs. Lyngby, Denmark, will not be affected by the move. The decision is the result of developments in the global market. Growing competition in the paint industry means that it is no longer possible to produce paint in Denmark at competitive prices.
Pierre-Yves Jullien, CEO of the Hempel Group, comments, “I’m sorry that stopping production at our Lyngby plant will affect so many of our valued colleagues, but unfortunately we have no choice if we are to compete on the global market. Fortunately, the timeline enables us to help those affected in the best possible manner.”
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