Hempel A/S News

With an annual production capacity of 200,000 tons, Hempel’s new factory in Yangtze International Chemical Industrial Park in Zhangjiagang will be the company’s largest production site in the region. It will be inaugurated in 2022, replacing Hempel’s existing production facilities in Kunshan. A groundbreaking ceremony was held at the site, led by Michael Mei, Group Vice President of Hempel in North Asia. “China is a growing market for Hempel that will continue to gr...

For the first time, coatings manufacturer - Hempel A/S participates in the UN climate summit COP27 in Sharm el-Sheikh, Egypt. Hempel joins the summit to support and push for accelerated decarbonization, especially in the maritime and renewable energy industries. Addressing climate crisis “The climate crisis is an urgent global challenge. Nobody can stand alone in this. I am proud that Hempel is at COP27 to take part in conversations about how we can accelerate moving the needle toward a...

Global coatings manufacturer - Hempel announces that its Hempafire Pro 400 passive fire protection coating has been certified according to the EN13381-8 standard and granted the CE mark, complementing the already existing BS-476 and ApplusFire certifications. Hempafire Pro 400 maintains the stability of steel structures in the event of a cellulosic fire for up to 120 minutes and brings users a number of efficiency benefits. Passive fire protection (PFP) coatings insulate steel against high hea...

Hempel, the coatings supplier to the wind energy industry, announced the launch of Hempablade Edge 171, a new coating for renowned edge protection (LEP) on wind turbine rotor blades.  With the highest rain erosion performance data on the market for a liquid LEP and some of the lowest dry film thicknesses, Hempablade Edge 171 provides long-term protection against rain erosion and reduces time and costs during application. wind turbine blade The leading edge of a wind turbine blade is expo...

Coatings company, Hempel A/S, announces the promotion of Steen Niemann Madsen to Executive Vice President, Energy & Infrastructure. Steen will succeed Michael Hansen in the position from 15 October 2022, when Michael Hansen steps into the position of Group President and CEO of Hempel A/S. With the appointment, Steen Niemann will become part of the Executive Group Management. Vast Industry experience  Steen Niemann comes from his current position at Hempel as Vice President, of Infras...

Michael Hansen announced to succeed Lars Petersson as Group President and CEO of coatings company, Hempel A/S. Michael will step into his new position on 15 October 2022. Michael Hansen joined Hempel in May 2017 as Chief Commercial Officer and has delivered remarkable results as a central driver of the global transformation in Hempel. Michael is part of the Executive Group Management as Executive Vice President, Energy & Infrastructure. Strong social engagement Michael Hansen has extensiv...

Coatings supplier - Hempel launches Hempaprime CUI 275, a new coating to combat corrosion under insulation. With extremely short overcoating intervals and a wide temperature resistance, Hempaprime CUI 275 is designed to increase productivity and improve corrosion protection at energy generation and oil & gas facilities. Corrosion under insulation (CUI) is a major challenge for equipment operators in the process industries. In the US alone, repair and downtime caused by CUI is estimated to c...

After 10 years of continuous success in the passive fire protection (PFP) market with its cellulosic range of products, Hempel launched its first product for the hydrocarbon PFP segment: Hempafire XTR 100. Providing UL 1709-certified hydrocarbon passive fire protection in a lightweight coating with low dry film thicknesses, Hempafire XTR 100 offers significant safety and project benefits for customers. On oil & gas facilities, fires can be disastrous. Lives can be lost and damage can run i...

This Earth Day, Hempel is “Investing in our planet” and announces amendments to its EUR 1 billion Revolving Credit Facility and its EUR 500 million Term Loan. From 2022, borrowing costs will be linked to Hempel’s sustainability targets. To help drive efforts to meet Hempel’s ambitious sustainability targets, the facility’s interest margin will be adjusted up or down, based on Hempel’s ability to meet its four sustainability goals.Hempel’s KPIs linked to...

Following a strategic review of its presence in Russia, Hempel has decided to initiate a controlled exit from Russia and is considering different scenarios. Hempel has had a presence in Russia since 1996 and employs 124 employees there. Hempel earlier announced the cessation of its operations in Russia, specifically stopping all deliveries into and out of Russia, stopping all deliveries in Russia, stopping taking orders in Russia, and completing a safe closure of its production in Ulyanovsk. H...

Hempel has had its emissions reduction targets approved by the Science Based Targets Initiative (SBTi).  The targets covering greenhouse gas emissions from Hempel’s operations (scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C, what the latest climate science has told us is needed to prevent the most damaging effects of climate change.  Emission goals Hempel’s target for the emissions from its value chain (scope 3) meets the SBTi’...

Following an exclusive dialogue, Hempel has completed the acquisition of Khimji Paints LLC. This is Hempel’s first acquisition in the Decorative segment in the Middle East, supporting its strategy to double Hempel by 2025. Hempel’s Double Impact strategy will be realized through both acquisitions and organic growth, as well as ambitious investments in sustainability, innovation, and digitalization. Khimji Paints Khimji Paints is a paint and coatings manufacturer in Oman, with a st...

Hempel announces a new Executive Group Management to lead its growth journey to double Hempel by 2025. In a new company structure, the organization will be able to get even closer to its customers. “I’m thrilled to announce today’s changes,” said Lars Petersson, Group President & CEO. “My new leadership team will lead a new way of working at Hempel - we have organized our business in an even more customer-focused structure, which will unleash potential and ener...

The shipping industry is responsible for three percent of global GHG emissions every year. The good news is that the necessary technologies to achieve a significant emissions reduction from shipping are already available. “The climate crisis requires urgent action. We already have technologies that make vessels significantly more fuel efficient, preserve the marine environment, reduce fuel costs and enable a more sustainable value chain,” says Alexander Enström, Executive Vice...

The coatings company - Hempel welcomed over 200 guests to the inauguration of its new Campus, which features a newly constructed office building and a state-of-the art R&D facility. Hempel Campus is unique in its architectural approach and is the international headquarters for the Hempel Group. The coatings company, Hempel A/S, opened its doors to over 200 guests for the inauguration of its new Campus. Brighter future together Hempel A/S, opened its doors to over 200 guests for the inaugu...

Coatings manufacturer - Hempel has completed the acquisition of Farrow & Ball, a luxury decorative paint and wallpaper company with an annual turnover of over EUR 100 million. Hempel acquires Farrow & Ball from a fund managed by the Private Equity Group of Ares Management Corporation, after having met all conditions and requirements. luxury, decorative paint, and wallpaper company “Today is an exciting day as we happily welcome the iconic, luxury, decorative paint an...

Manufacturer of towers and flanges for the wind sector, GRI Renewable Industries and supplier of coating solutions, Hempel are teaming up in a strategic partnership to cooperate around innovative solutions to increase efficiency in processes and equipment for surface protection of wind turbines. The new strategic partnership is a further strengthening of a long-term cooperation between the two companies as they expand the scope to include research & development on potential innovative produ...

Hempel has acquired a unique technology developed by Das Lack Enertherm (DLE), a German-English company. Combined with internal expertise, the technology will enable Hempel to develop and launch coating products with insulating properties within the next year. The acquisition is part of Hempel’s new double impact strategy that will see the company double its revenue to EUR 3 billion by 2025 and create leadership positions in the energy segment.  The strategy will be realized through...

Coatings manufacturer Hempel launched Hempafire Pro 400, a new passive fire protection coating that maintains the stability of steel structures in the event of a fire for up to 120 minutes and has been optimized for maximum efficiency in the loadings for a 90-minute duration. Passive fire protection coatings Passive fire protection (PFP) coatings insulate steel during a fire, which extends the steel’s load-bearing capacity and gives valuable extra time for evacuation and emer...

“Farrow & Ball is an iconic, luxury, decorative paint and wallpaper company. It is used by consumers, designers, and cultural institutions around the world – all of who have a passion for rich colors in eco-friendly paint. I am very proud to welcome our new colleagues to the Hempel family. Together we will ensure that Farrow & Ball continues its strong growth journey,” says Hempel Group President & CEO Lars Petersson.  Hempel is taking the next, large step to...

Coatings supplier - Hempel has provided coatings to protect the Orbital O2 tidal energy turbine – the world’s most powerful tidal turbine. Hempel’s ambition is to become the major global coatings solution provider for the global renewable energy segment. O2 is set to operate at the European Marine Energy Centre (EMEC) in the Orkney Islands in the UK. Around the islands of Orkney, tidal currents can reach over four meters per second, making them some of the strongest in the wor...

With immediate effect, Wattyl Australia and New Zealand is officially part of world-leading coatings manufacturer Hempel. With the acquisition of Wattyl, Hempel is strengthening its footprint in Australia and New Zealand significantly. Acquisition agreement  On 18 February 2021, Hempel A/S signed an agreement to acquire paint and coatings manufacturer Wattyl Australia and New Zealand from The Sherwin-Williams Company, the paint and coatings company headquartered in the Uni...

“We are very excited to move into our Hempel Campus, which is a modern, international workplace and architecturally attractive. It is based on our vision of how we want to work together in teams and cross-functionally. Our new facilities reflect our culture and give us the perfect work environment enabling us to deliver on our ambitious strategy and growth targets,” explains Pernille Fritz Vilhelmsen, Hempel's Chief  People & Culture Officer. The new R&D facility will b...

Chief Financial Officer (CFO) of Novo Nordisk A/S, Karsten Munk Knudsen, has been nominated to replace Marianne Wiinholt as Board Member of Hempel A/S. At the Annual General Meeting (AGM) of Hempel A/S on 29 April, Karsten Munk Knudsen will be put forward for election as Member of the Board of Directors of Hempel A/S. As CFO at Novo Nordisk A/S, Karsten Munk Knudsen comes with extensive experience from various finance functions in a global company. He joins Hempel’s Board at a time when...

Despite uncertainty and disruption across regions and markets due to the COVID-19 pandemic, Hempel demonstrated agility and clear priorities concerning the safety of employees, timely and high-quality support to customers, as well as financial robustness to protect future investments. With an EBITDA margin of 10.1%, including extraordinarily high investments in their supply chain in China, this was a satisfactory result. Hempel Delivers Strong Results “I am very satisfied with our achie...

David Heal joins coatings manufacturer Hempel to head up its renewable energy segment, as Hempel looks to strengthen its leadership position as part of its commitment to sustainability. In line with Hempel’s new Double Impact strategy and its ambition to double the company by 2025, Hempel is determined to grow and secure leadership positions within the renewable energy segment to become the pioneering coating solutions provider, while expanding in scope to support our customers as the...

Coatings manufacturer - Hempel will increase sales prices of products and solutions as raw material prices continue to escalate. The cost of key raw materials used in the manufacturing of coatings is now significantly higher compared to the beginning of 2020, and the trend is continuing. For example, from January 2020 to January 2021, the cost of epoxy increased by 60 per cent in Europe, 40 per cent in North America and 20 per cent in North Asia (source: Technon Orbichem Epoxide Resins; Liquid...

“We firmly believe that placing sustainability at the heart of how we do business is essential for our ambition to double the company. Our customers expect more sustainable solutions and today's and tomorrow's employees want to work for companies that have a clear and progressive position on sustainability. And of course, it's the right thing to do,” says COO and Executive Vice President Katarina Lindström. “Our ambition to double by 2025 makes our commitment to sustain...

Alexander Enström joins coatings manufacturer, Hempel, to lead its marine organization, as Hempel looks to build on its leadership position in the marine industry. With a strategic ambition to double revenue by 2025, Hempel is keen to build on its leadership position in the marine segment. Hempel is already the pioneer in fuel-saving hull coatings and fuel-efficiency monitoring services, which help marine customers reduce fuel costs and radically lower their carbon footprint. The company...

An ambitious new strategy defines the timeframe of a doubling of Hempel by 2025. Doubling revenue allows Hempel to also double its positive impact. The path is defined by a focus on the entire business, leadership positions in chosen segments, industry leadership in sustainability within those, as well as a strong focus on innovation and digitalization. new strategy 2020 has been a year of transition for global coatings supplier, Hempel. While still securing paint and coatings supply g...