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Hempel Opens Plant in India; Plans Further Investment
12:36 AM MDT | June 20, 2011 | Deepti Ramesh
Hempel (Kgs. Lyngby, Denmark), a leading industrial and marine paint supplier, says it is expanding its operations in the Indian subcontinent, with the opening of a new manufacturing plant at Nashik, India. The company also plans to invest about €15 million- €20 million in a greenfield project in India over the next three years. “India is a very important market for Hempel and the expansion will fast-track our growth in the region,” says Umesh Singh, director, Hempel South Asia. “While Hempel already has a large share of the global...
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