Nuplex Industries

Nuplex Industries Ltd
Subsidiary
Industry Manufacturing, chemicals
Fate Merger with Allnex
Founded 1952
Defunct 14 June 2016
Headquarters Sydney, Australia
Areas served
 Global
Key people
 CEO - Emery Severin,
Chairman - Peter Springford
Number of employees
 1700+
Website www.nuplex.com

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. They were founded in 1952, and were 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]

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. ↑ "Nuplex Corporate - History". Nuplex.com. 2015-11-04. Retrieved 2016-01-07.
  2. ↑ "Nuplex Corporate - Our Business At A Glance". Nuplex.com. 2015-11-04. Retrieved 2016-01-07.
  3. ↑ "Nuplex Corporate - About Us". Nuplex.com. 2015-11-04. Retrieved 2016-01-07.
  4. ↑ "NZX Main Board | NPX". Nzx.com. Retrieved 2016-01-02.
  5. ↑ "Nuplex Corporate - Board of Directors". Nuplex.com. 2015-11-04. Retrieved 2016-01-07.
  6. ↑ "Expansion in Asia pays for Nuplex". M.nzherald.co.nz. Retrieved 2016-01-07.
  7. ↑ "Nuplex says new business 'insulates' Russian unit". The National Business Review. Retrieved 2016-01-02.
  8. ↑ "Nuplex causes a stir with 'new chemistry' paint component". Stuff.co.nz. Retrieved 2016-01-07.
  9. ↑ "Nuplex shareholders OK $1 billion Allnex takeover". 2016-07-07. Retrieved 2016-09-30.
  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. ↑ "Closing completed: Allnex and Nuplex officially combined". allnex.com. Retrieved 2017-04-18.
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