Canadian Finishing & Coatings Manufacturing Magazine March/April 2022 - 8

NEWS
Hempel Acquires Omani Coatings
Company, Khimji Paints LLC
Hempel has acquired the coatings division of the Omani conglomerate, Khimji
Ramdas, to expand its Oman operations and further establish itself as a market
leader.
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 realised through both acquisitions and organic
growth, as well as ambitious investments in sustainability, innovation and
digitalisation.
Khimji Paints is
a leading paint and
coatings manufacturer
in Oman, with a strong
distribution network of
more than 50 own and
independent retailers.
" This transaction
marks a significant
milestone for Hempel
in our global growth
journey, " says Joe
Devitt, Executive Vice
President of Decorative at Hempel. " We will now be better equipped to meet the
needs of our customers with an extensive offering of products and services. "
" With this acquisition, I am thrilled to welcome the entire Khimji team - over
70 new employees - into the Hempel family and a production facility, enabling
us to increase capacity in the region, " continues Joe. " This gives Hempel a much
bigger foothold in the Omani market. "
" We are excited that Hempel is in a strong position to offer better value
propositions to Khimji Paints' loyal customers and we wish them all the best, "
says Hritik Khimji, Director, Khimji Ramdas.
Ceresana Examines the World Market for
Paints and Coatings
The paint industry is growing out of the crisis. According to Ceresana's most
recent market study, more than 43 million tonnes of paints and coatings were
sold around the globe in 2021 - that's almost as much as before the pandemic.
In the first corona year of 2020, demand had plummeted most drastically
in the areas automotive and other industrial
products, falling to a total amount of 41.8 million
tonnes. However, the construction industry
and private craftsmen remained steadfast
customers. Ceresana has now analyzed the
world market for paints and coatings for the
fifth time. The current market report forecasts
a continuous recovery: Until 2030, the demand
for coatings will grow at a rate of approximately
2.3 percent per year. The highest amount of
paints and coatings will be utilized in the region
Asia-Pacific. This particular region will expand
its leading position on the world market in the
years to come.
8
www.cfcm.ca
CALENDAR
OF EVENTS
April 5-7
American Coatings Show
Indianapolis, IN
www.american-coatings-show.com
May 10-12
RadTech
Orlando, FL
www.radtech2022.com
May 25-26
CPCA Conference
Quebec City, QC
www.canpaint.com
June 7-9
SUR/FIN
Rosemont, IL
www.nasfsurfin.com
June 14-16
FABTECH Canada
Mississauga, ON
www.canada.fabtechexpo.com
November 8-10
FABTECH
Atlanta, GA
www.fabtechexpo.com

http://www.american-coatings-show.com http://www.radtech2022.com http://www.canpaint.com http://www.nasfsurfin.com http://www.canada.fabtechexpo.com http://www.fabtechexpo.com http://www.cfcm.ca

Canadian Finishing & Coatings Manufacturing Magazine March/April 2022

Table of Contents for the Digital Edition of Canadian Finishing & Coatings Manufacturing Magazine March/April 2022