Crown Paints Ltd News

Leading industrial and marine coatings supplier Hempel is building a strong presence in the Indian subcontinent Hempel, one of the world’s leading industrial and marine paint suppliers, is expanding its operations in the Indian subcontinent. With the opening of a new manufacturing unit in Nashik, Maharashtra, Hempel is strengthening its manufacturing capabilities and presence in the Indian subcontinent. The company also plans to invest approximately EUR 15-20 million in a greenfield project over a period of three years. Expansion in the Indian market is an important element within Hempel’s business strategy, One Hempel – One Ambition.

Danish-based Hempel announced today the acquisition of Crown Paints Ltd. This is a result of its One Hempel – One Ambition growth strategy. The Decorative segment represents a significant part of the global coatings industry and is expected to keep growing. Therefore, the acquisition of a company strong in the Decorative market is an important part of Hempel’s strategy. “Crown Paints represents everything we were looking for – a solid position in the market, a sound financial situation, as well as innovative R&D and marketing,” said Hempel’s CEO Pierre-Yves Jullien.