Nuplex Industries Limited was a global manufacturer and distributor of

resins A resin is a solid or highly viscous liquid that can be converted into a polymer. Resins may be biological or synthetic in origin, but are typically harvested from plants. Resins are mixtures of organic compounds, predominantly terpenes. Comm ...

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 New Zealand () is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and List of islands of New Zealand, over 600 smaller islands. It is the List of isla ...

History

The business was founded in 1952, and was initially a distribution company for flooring products. As of 2015, they employed over 1700 staff across 25 countries. They have a number of manufacturing divisions, including: * 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 Sydney is the capital city of the state of New South Wales and the most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about 80 km (50 mi) from the Pacific Ocean ...

with the Allnex merger its headquarters moved to

Frankfurt am Main Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

. As at 31 December 2015, Nuplex Industries had a NZ$895 million market capitalisation. Its chairman of the board of directors is Peter Springford, and its chief executive officer has been Emery Severin since 2010.

Expansion

Since the

2008 financial crisis The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners ...

, Nuplex has expanded profitably into Europe and Asia with their industrial coatings and paints. 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. 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. In mid-September 2016 Nuplex was brought together with Allnex, from then on operating under the name Allnex. After the Allnex takeover, Nuplex was delisted from the

NZX New Zealand's Exchange (), known commonly as the NZX, is the national stock exchange for New Zealand and a publicly owned company. NZX is the parent company of Smartshares, and Wealth Technologies. , the NZX had a total of 179 listed securiti ...

. New corporate headquarters of the combined company are in

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

References

External links

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House Painters
{{NZX 50 companies Paint and coatings companies of Australia 1952 establishments in Australia Chemical companies of New Zealand Pulp and paper companies of Australia Chemical companies established in 1952 Manufacturing companies based in Sydney Defunct manufacturing companies of New Zealand