Soudal

Last updated
Soudal N.V.
Type Private
IndustryBuilding materials, chemicals
Founded1966  OOjs UI icon edit-ltr-progressive.svg
Headquarters Turnhout, Belgium
Key people
Vic Swerts, Chairman Dirk Coorevits, CEO
ProductsSealants, Adhesives and PU Foams
Revenue€ 1,100 million (2021) [1]
Number of employees
3,654 (Dec. 2021)
Website www.soudalgroup.com

Soudal is a Belgian company whose headquarters is located in Turnhout (Belgium). The company has developed into one of the most important independent producers of silicone and caulks (silicone, polyurethane, marine sealants, acrylics), polyurethane-foams, and adhesives in Europe. [2]

Contents

Soudal has a consolidated turnover of 911 million EUR (2021), and the company distributes its products to more than 140 different countries worldwide. The company is active in three markets: professional construction, do-it-yourself (DIY) hardware stores and industrial applications. The company is still fully owned by Vic Swerts who founded the company in 1966. [3]

In 2014, Soudal partnered with Lotto to sponsor the team at Tour de France. [4] In April 2020, Riders for the Lotto-Soudal team voluntarily waived part of their wages as a gesture of solidarity due to the Covid-19 pandemic. [5]

History

In 1966, Vic Swerts bought a small producer of welding materials and of polyester putties for the repair of damaged car bodies, located near the Antwerp Ossenmarkt (E: ox market). Two years later, he moved his company to Turnhout, at the location of the former market garden of his parents. He then invested heavily in a sophisticated vacuum mixer for the production of polyester putties and high quality silicone sealants as a competitor to the (much cheaper) knifing filler. In 1976, he moved to the industrial area of Turnhout and renamed the company Soudal (from Soudeert Alles, E: welds everything).

In 1993, a heavy fire destroyed the factory in Turnhout, which was rebuilt within a year (Plant 1). A second production plant was built nearby (Plant 2). Plant 2 is the biggest production site of Polyurethane-Foams worldwide. [6] In 1997, Vic Swerts acquired BAVG from Bayer, a company specialized in finished construction products. Since its acquisition, the factory in Leverkusen doubled its production. In September 2004 he acquired his competitor Rectavit in Drongen. Rectavit continued to operate as an independent entity. In 1999, Soudal opened a sales office and storage space in Shanghai. In 2005 the company opened offices in Turkey, Norway and Portugal.[ citation needed ]

In 2011, Soudal opened its 11th production unit through the establishment of a joint venture with the McCoy Group from New Delhi, India. Soudal entered into E-commerce in India via McCoy Soudal by selling on Amazon India, ShopClues, Snapdeal, McCoy Mart and IndustryKart. [7]

See also

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References

  1. , soudalgroup.com. retrieved 2021-09-01.
  2. Administrator. "Soudal NV".
  3. admin. "Vic Swerts (Soudal) beats Marc Coucke in battle for Flemish Disney | MbS News" . Retrieved 2020-04-22.
  4. July 2014, Cycling News 28. "Lotto-Belisol to become Lotto Soudal from 2015". cyclingnews.com. Retrieved 2020-04-22.
  5. March 2020, Cyclingnews 27. "Coronavirus: Lotto Soudal riders voluntarily reduce pay". cyclingnews.com. Retrieved 2020-04-22.
  6. "houseonline.be (redirected by MyOwn sprl)".
  7. "Soudal opent elfde productie-eenheid". Het Nieuwsblad (in Flemish). Retrieved 2020-04-17.

Sources