Hempel Paints, a global supplier of marine, protective and decorative coatings, announced plans to move its entire production in Saudi Arabia to its new plant in Jeddah’s Second Industrial City as part of a strategy aimed at meeting the needs of its Saudi customers. Inaugurated two years ago, the factory in Jeddah is Hempel’s first 100% water-based production factory in the Middle East, the largest in region, and the second largest in the world. The strategic move coincides with the centennial anniversary of the inception of Hempel Group.
Commenting on the announcement, Engineer Ahmed Abdul Aziz, Sales and Marketing Director at Hempel Paints Middle East said: ‘We, at Hempel Paints, keep up with market developments and strive to meet customer needs and requirements. We completely understand that Saudi Arabia, in line with its Vision for 2030, will witness dynamic developments across all aspects, particularly the construction sector, which is the largest in the region. Plans are underway to build 40,000 hotel rooms by 2018 in Riyadh and Jeddah and 120 hotels by 2020 in the Kingdom. According to Raden bin Sa’afaq Al Dweish, Chairman of the Housing and Urban Development Committee of the Eastern Province Chamber of Commerce Industry, around 1.5 million residential units are in demand in the market.’
Commenting on Hempel Paints’ current annual production and 2017 expansion plans, Abdul Aziz stated: ‘Built on 15,000 square metres, the factory has production lines with manufacturing capacity of 32 million litres a year. The plan is to increase the maximum capacity to around 40 million litres annually.’
As for Hempel’s market share, Abdul Aziz said: ‘The paints and coatings market has a great growth potential, with an estimated value of SAR 3 billion a year, and Hempel Paints is aiming to double its market share in the Kingdom.’
Hempel Paints’ market share is expected to grow in the next five years due to the company’s commitment to providing its customers with best quality products and services.
Hempel decorative paints are widely used by homeowners, architects, and construction companies. Armed with over 100 years of paint expertise, the company produces a wide range of interior, exterior and floor coatings solutions.
Hempel Paints has been present in the Kingdom for more than 45 years, controlling a considerable market share and maintaining strong market positioning thanks to its technologically-advanced paints available at its showrooms located strategically in the Kingdom.
With many industries prospering within the region, the Middle East stands at the forefront of modern business and remains one of the most powerful and influential corporate landscapes in the world.Visit our awards here
MEA Markets are proud to present the return of the UAE Business Awards for the seventh consecutive year. With these awards we look to honour the enterprises and individuals that innovate and inspire growth and development within UAE. These businesses and individuals are the ones who have helped establish the Middle East as a global knowledge base and a principal destination for new initiatives.Visit our awards here