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    Home > Coatings News > Paints and Coatings Market > Nolion launches a new global strategy that will continue to add to the Chinese market.

    Nolion launches a new global strategy that will continue to add to the Chinese market.

    • Last Update: 2020-10-17
    • Source: Internet
    • Author: User
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    Recently, Nolion celebrated its two-year anniversary as an independent company.
    the past two years, the company has made significant progress in increasing efficiency and profitability, while continuing to invest and support the growth of its customers.
    announced a new global strategy to further accelerate growth, aiming to exceed customer expectations, win competition and increase the share of specialty chemicals in its product portfolio.
    new strategy focuses on four industry sectors: agriculture, construction and infrastructure, cleaning products, and personal care.
    strategy will strengthen the development of emerging markets, including China, Southeast Asia and India.
    plans include adding new business areas and product applications through mergers and acquisitions and partnerships to further expand the range of sustainable products and maximize capacity utilization and flexibility at production sites.
    , chairman and chief executive of Nolion, said: "We have achieved remarkable results over the past two years.
    we have built a new organizational structure that allows businesses, operations, and functions to focus on what they do best.
    new architecture and efforts to improve efficiency allow us to increase our profitability even in today's challenging business environment.
    new corporate strategy will focus on the most attractive growth areas, and we are committed to transforming from a raw material supplier to a solution supplier, laying the foundation for the next phase of growth.
    past two years, Nolion has announced more than 20 capacity expansion projects worldwide.
    In China, Nolion has carried out several capacity expansions at its Ningbo production site, such as the announcement in 2019 of a doubling of its production capacity of isopropyl peroxide (DCP), the largest of its kind in the world, with annual production of up to 380 In the same year, the production capacity of the Ningbo base diane-based peroxide (brand Perkadox 14) increased by 25%, and in 2019 Nolien announced the addition of registered capital at its Boxing production site in Shandong Province to introduce the world's most advanced surface chemical technology.
    's 90 million euro organic peroxide plant in Tianjin and its 35,000-ton TBHP/TBA production facility at its Ningbo site will be completed by 2021.
    Nolion Ningbo site has also taken steps to further optimize its product portfolio, including the acquisition of leading alkyl metals producer Zhejiang Forrest Chemical in China and the global acquisition of J.M. Huber Corporation's CMC business, as well as the divestitureable polymer powder elotex business.
    , the company has introduced more than 20 new products with significant sustainability advantages.
    is recognized as a strong market and we believe in the potential of the Chinese market.
    Sobers Sethi, Norion's senior vice president for China and emerging markets, added, "We will continue to strengthen our solid foundation in China, guided by Norion's new strategy."
    our focus will be on strategic capital investment and operational excellence tailored to our customers' needs, and further drive industry innovation, localization and sustainability.
    " CEO Charlie Shaver Nolion is a global leader in chemicals, dating back 400 years.
    2019 global sales of EUR 5,082 million, essentially the same as in 2018.
    adjusted EBITDA (EBITDA) for 2019 was EUR 1,128 million, an increase of 5% over 2018.
    has been investing in production facilities in China since the 1990s.
    , Nolion currently has eight production sites in China and more than 1,300 employees, supporting three major businesses: high-performance solutions, technology solutions and industrial chemicals.
    about Nolion Nolion is a global leader in professional chemicals.
    industries around the world rely on our chemical necessities to produce everyday needs such as paper, plastics, building materials, food, pharmaceutical and personal care products.
    With our nearly 400-year history and the dedication of more than 10,000 employees, as well as our shared commitment to business growth, strong financial performance, safety, sustainability and innovation, we have created a world-class business and strong partnerships with our customers.
    our business in more than 80 countries and has a number of industry-leading brands, including Eka, Dissolvine, Trigonox and Berol.
    .
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