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Hempel A/S to stop paint production in Denmark in
two years
08 May 2008 -Paint production at the factory in Lundtofte, Kgs. Lyngby, Denmark, will continue until the 31 May 2010. After that point, a new factory in Poland will take over. Hempel’s remaining departments in Lundtofte, Kgs. Lyngby, Denmark, will not be affected by the move.
The decision is the result of developments in the global market. Growing competition in the paint industry means that it is no longer possible to produce paint in Denmark at competitive prices.
The factory workers have been informed of the decision today.
Pierre-Yves Jullien, CEO of the Hempel Group, comments, “I’m sorry that stopping production at our Lyngby plant will affect so many of our valued colleagues, but unfortunately we have no choice if we are to compete on the global market. Fortunately, the timeline enables us to help those affected in the best possible manner.”
123 colleagues are expected to be affected by the closure in 2010.
Further information:
Malte V. Eggers
Group Communication Director
Hempel A/S
Tel.: + 45 4527 3976
Mobile: + 45 2097 5809
www.hempel.com
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