Nuplex_Industries

Nuplex Industries

Nuplex Industries

Defunct resin manufacturer

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.

Quick Facts Company type, Industry ...

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]

  • Automotive related resins and plastics
  • Vehicle paints
  • aerospace resins and paints
  • marine products,
  • flooring & construction for the commercial and industrial sectors
  • adhesives
  • paper and textiles

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]

References

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