Nuplex Industries Explained

Nuplex Industries Ltd
Defunct:14 June 2016
Fate:Merger with Allnex
Key People:CEO - Emery Severin,
Chairman - Peter Springford
Industry:Manufacturing, chemicals
Num Employees:1700+
Foundation:1952
Location City:Sydney
Location Country:Australia
Areas Served:Global

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.

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]

External links

Notes and References

  1. Web site: Nuplex Corporate - History . Nuplex.com . 2015-11-04 . 2016-01-07.
  2. Web site: Nuplex Corporate - Our Business At A Glance . Nuplex.com . 2015-11-04 . 2016-01-07.
  3. Web site: Nuplex Corporate - About Us . Nuplex.com . 2015-11-04 . 2016-01-07.
  4. Web site: NZX Main Board NPX. Nzx.com. 2016-01-02.
  5. Web site: Nuplex Corporate - Board of Directors . Nuplex.com . 2015-11-04 . 2016-01-07.
  6. Web site: Expansion in Asia pays for Nuplex . M.nzherald.co.nz . 2016-01-07.
  7. Web site: Nuplex says new business 'insulates' Russian unit. The National Business Review. 2016-01-02.
  8. Web site: Nuplex causes a stir with 'new chemistry' paint component . Stuff.co.nz . 2016-01-07.
  9. Web site: Nuplex shareholders OK $1 billion Allnex takeover. 2016-07-07. 2016-09-30.
  10. News: Morrison. Tina. Nuplex says Allnex takeover given European antitrust approval; shares to delist. 21 December 2016. National Business Review. 2 September 2016.
  11. Web site: Closing completed: Allnex and Nuplex officially combined. allnex.com. en. 2017-04-18. https://web.archive.org/web/20160930095142/http://allnex.com/closing-completed-allnex-and-nuplex-officially-combined. 30 September 2016. dead.