Nuplex Industries

Last updated

Nuplex Industries Ltd
Type Subsidiary
IndustryManufacturing, chemicals
Founded1952
Defunct14 June 2016
FateMerger with Allnex
Headquarters,
Areas served
Global
Key people
CEO - Emery Severin,
Chairman - Peter Springford
Number of employees
1700+
Website www.nuplex.com

Nuplex Industries Limited was a global manufacturer and distributor of resins used in decorative paints and industrial and performance coatings with operations in Europe, Asia, the Americas, Australia and New Zealand. They were a publicly listed company on the NZX50 index in New Zealand.

Contents

History

The business was founded in 1952, and was initially a distribution company for flooring products. [1] As of 2015, they employed over 1700 staff across 25 countries. [2] They have a number of manufacturing divisions, including: [3]

Nuplex Industries was headquartered in Sydney, Australia with the Allnex merger its headquarters moved to Frankfurt am Main. As at 31 December 2015, Nuplex Industries had a NZ$895 million market capitalisation. [4] Its chairman of the board of directors is Peter Springford, and its chief executive officer has been Emery Severin since 2010. [5]

Expansion

Since the global financial crisis, Nuplex has expanded profitably into Europe and Asia with their industrial coatings and paints. [6] They have been described by Research and markets, an independent financial analyst firm as one of the major global players in global resins coating. They opened a new factory in Russia in 2014 to cater to expected long-term growth from that country. [7] Nuplex signalled at its AGM in November 2015 that it expected strong sales for a new fast drying paint that had been in research and development for the previous seven years. [8]

In mid-September 2016 Nuplex was brought together with Allnex, from then on operating under the name Allnex. [9] After the Allnex takeover, Nuplex was delisted from the NZX. [10] New corporate headquarters of the combined company are in Frankfurt am Main in Germany. [11]

Related Research Articles

<span class="mw-page-title-main">Paint</span> Pigment applied over a surface that dries as a solid film

Paint is any pigmented liquid, liquefiable, or solid mastic composition that, after application to a substrate in a thin layer, converts to a solid film. It is most commonly used to protect, color, or provide texture. Paint can be made in many colors—and in many different types. Paint is typically stored, sold, and applied as a liquid, but most types dry into a solid. Most paints are either oil-based or water-based and each has distinct characteristics. For one, it is illegal in most municipalities to discard oil-based paint down household drains or sewers. Clean-up solvents are also different for water-based paint than they are for oil-based paint. Water-based paints and oil-based paints will cure differently based on the outside ambient temperature of the object being painted. Usually, the object being painted must be over 10 °C (50 °F), although some manufacturers of external paints/primers claim they can be applied when temperatures are as low as 2 °C (35 °F).

<span class="mw-page-title-main">BASF</span> German chemicals company

BASF SE, an acronym for a its original name Badische Anilin und Sodafabrik, is a European multinational company and the largest chemical producer in the world. Its headquarters are located in Ludwigshafen, Germany.

<span class="mw-page-title-main">Epoxy</span> Type of material

Epoxy is the family of basic components or cured end products of epoxy resins. Epoxy resins, also known as polyepoxides, are a class of reactive prepolymers and polymers which contain epoxide groups. The epoxide functional group is also collectively called epoxy. The IUPAC name for an epoxide group is an oxirane.

<span class="mw-page-title-main">Enamel paint</span> Paint with a glossy finish that dries hard.

Enamel paint is paint that air-dries to a hard, usually glossy, finish, used for coating surfaces that are outdoors or otherwise subject to hard wear or variations in temperature; it should not be confused with decorated objects in "painted enamel", where vitreous enamel is applied with brushes and fired in a kiln. The name is something of a misnomer, as in reality, most commercially available enamel paints are significantly softer than either vitreous enamel or stoved synthetic resins, and are totally different in composition; vitreous enamel is applied as a powder or paste and then fired at high temperature. There is no generally accepted definition or standard for use of the term "enamel paint", and not all enamel-type paints may use it.

<span class="mw-page-title-main">AkzoNobel</span> Dutch multinational company which creates paints and performance coating

Akzo Nobel N.V., stylized as AkzoNobel, is a Dutch multinational company which creates paints and performance coatings for both industry and consumers worldwide. Headquartered in Amsterdam, the company has activities in more than 150 countries. AkzoNobel is the world's third-largest paint manufacturer by revenue after Sherwin-Williams and PPG Industries.

<span class="mw-page-title-main">PPG Industries</span> Global supplier of glass and chemical products

PPG Industries, Inc. is an American Fortune 500 company and global supplier of paints, coatings, and specialty materials. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. By revenue it is the largest coatings company in the world followed by AkzoNobel. It is headquartered in PPG Place, an office and retail complex in downtown Pittsburgh, and is known for its glass facade designed by Postmodern architect Philip Johnson.

<span class="mw-page-title-main">DSM (company)</span> Dutch multinational corporation

DSM-Firmenich, is a Dutch multinational corporation active in the fields of health, nutrition and materials. Headquartered in Heerlen, at the end of 2017 DSM employed 21,054 people in approximately 50 countries and posted net sales of €8.632 billion in 2018 and €9.204 billion in 2021.

Altana AG is a German chemical company headquartered in Wesel. It was created in 1977, as a result of spinning off divisions from the Varta Group. The first CEO was Herbert Quandt.

<span class="mw-page-title-main">Sherwin-Williams</span> American paint and coating company

Sherwin-Williams Company is an American company based in Cleveland, Ohio. It is primarily engaged in the manufacture, distribution, and sale of paints, coatings, floorcoverings, and related products to professional, industrial, commercial, and retail customers, primarily in North and South America and Europe. At the end of 2020, Sherwin-Willams had operations in over 120 countries.

<span class="mw-page-title-main">Jotun (company)</span> Norwegian chemicals company

Jotun is a Norwegian multinational chemicals company dealing mainly in decorative paints and performance coatings. It is one of the world's largest manufacturers of paints and coating products. Jotun manufactures paints and varnishes for marine and industrial purposes, synthetic resins, floor coverings, polyurethane foam, heavy-duty coatings, binders, unsaturated polyesters, glass-fiber reinforced polyester pipes, tanks, and more.

Viverso is a subsidiary of the Bayer MaterialScience AG and produces the coatings raw material ranges Alkydal, Roskydal and Desmophen A (Hydroxyacrylates) as well as Levblend PC+ABS Recyclate. The headquarters of the company is in Bitterfeld-Wolfen/Saxony-Anhalt. Viverso started operations on 1 January 2008. Viverso sells its products exclusively online.

<span class="mw-page-title-main">Kansai Nerolac Paints</span>

Kansai Nerolac Paints Limited is the largest industrial paint and third largest decorative paint company of India based in Mumbai. It is a subsidiary of Kansai Paint of Japan. As of 2015, it has the third largest market share with 15.4% in the Indian paint industry. It is engaged in the industrial, automotive and powder coating business. It develops and supplies paint systems used on the finishing lines of electrical components, cycle, material handling equipment, bus bodies, containers and furniture industries.

<span class="mw-page-title-main">International Paint</span>

International Paint, abbreviated as International, is a brand of the Marine & Protective Coatings business unit of AkzoNobel.

<span class="mw-page-title-main">Forbo Holding AG</span>

Forbo Holding AG based in Baar ZG is a globally operating Swiss manufacturer of floor coverings and building and construction adhesives as well as power transmission and light conveyor belts.

Vista Group International Limited provides film industry technology for studios, distributors, exhibitors and moviegoers globally.

<span class="mw-page-title-main">Allnex</span>

Allnex is a global producer of industrial coating resins and additives for architectural, industrial, protective, automotive and special purpose coatings and inks.

<span class="mw-page-title-main">Diligent Corporation</span> American technology company

Diligent Corporation, known as Diligent, is a software as a service company that enables board members of corporations, government organisations, and not-for-profit groups to share and collaborate information for board meetings. Headquartered in New York City, and incorporated in tax haven Delaware, the company has offices in Galway, Ireland; London, UK; Washington, D.C.; Munich, Germany; Budapest, Hungary; Hong Kong; Bangalore, India; Sydney and Vancouver.

Asian Paints Ltd is an Indian multinational paint company, headquartered in Mumbai, Maharashtra, India. The company is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home décor, bath fittings and providing of related services.

Serko Limited, known as Serko, is a travel management and expense technology company headquartered in New Zealand.

ResenePaints LTD is a New Zealand paint and building materials manufacturer and retailer.

References

  1. "Nuplex Corporate - History". Nuplex.com. 4 November 2015. Retrieved 7 January 2016.
  2. "Nuplex Corporate - Our Business At A Glance". Nuplex.com. 4 November 2015. Retrieved 7 January 2016.
  3. "Nuplex Corporate - About Us". Nuplex.com. 4 November 2015. Retrieved 7 January 2016.
  4. "NZX Main Board | NPX". Nzx.com. Retrieved 2 January 2016.
  5. "Nuplex Corporate - Board of Directors". Nuplex.com. 4 November 2015. Retrieved 7 January 2016.
  6. "Expansion in Asia pays for Nuplex". M.nzherald.co.nz. Retrieved 7 January 2016.
  7. "Nuplex says new business 'insulates' Russian unit". The National Business Review. Retrieved 2 January 2016.
  8. "Nuplex causes a stir with 'new chemistry' paint component". Stuff.co.nz. Retrieved 7 January 2016.
  9. "Nuplex shareholders OK $1 billion Allnex takeover". 7 July 2016. Retrieved 30 September 2016.
  10. Morrison, Tina (2 September 2016). "Nuplex says Allnex takeover given European antitrust approval; shares to delist". National Business Review. Retrieved 21 December 2016.
  11. "Closing completed: Allnex and Nuplex officially combined". allnex.com. Archived from the original on 30 September 2016. Retrieved 18 April 2017.