ShippingWatch

Growth plan to push Hempel into the global top ten of paint producers

Hempel's target of reaching EUR 3 billion in revenue by 2025 is aimed at pushing the company into the top ten global paint companies and adding scale to investments in sustainable innovation, CEO tells ShippingWatch. The group recently finalized another acqusition.

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Paint and hull coating producer Hempel is faced with a challenge that needs to be solved both organically and by way of acquistions.

"To put it in very simple terms, we're now too small to be big and too big to be small," says Hempel CEO Lars Petersson in an interview with ShippingWatch in the wake of another acquisition for the coating producer, which also supplies coatings to vessels.

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