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.
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Manufacturing, chemicals |
| Founded | 1952 |
| Defunct | 14 June 2016 |
| Fate | Merger with Allnex |
| Headquarters | , |
Areas served | Global |
Key people | CEO - Emery Severin, Chairman - Peter Springford |
Number of employees | 1700+ |
| Website | www |
History edit
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 edit
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 edit
- ^ "Nuplex Corporate - History". Nuplex.com. 4 November 2015. Retrieved 7 January 2016.
- ^ "Nuplex Corporate - Our Business At A Glance". Nuplex.com. 4 November 2015. Retrieved 7 January 2016.
- ^ "Nuplex Corporate - About Us". Nuplex.com. 4 November 2015. Retrieved 7 January 2016.
- ^ "NZX Main Board | NPX". Nzx.com. Retrieved 2 January 2016.
- ^ "Nuplex Corporate - Board of Directors". Nuplex.com. 4 November 2015. Retrieved 7 January 2016.
- ^ "Expansion in Asia pays for Nuplex". M.nzherald.co.nz. Retrieved 7 January 2016.
- ^ "Nuplex says new business 'insulates' Russian unit". The National Business Review. Retrieved 2 January 2016.
- ^ "Nuplex causes a stir with 'new chemistry' paint component". Stuff.co.nz. Retrieved 7 January 2016.
- ^ "Nuplex shareholders OK $1 billion Allnex takeover". 7 July 2016. Retrieved 30 September 2016.
- ^ Morrison, Tina (2 September 2016). "Nuplex says Allnex takeover given European antitrust approval; shares to delist". National Business Review. Retrieved 21 December 2016.
- ^ "Closing completed: Allnex and Nuplex officially combined". allnex.com. Archived from the original on 30 September 2016. Retrieved 18 April 2017.