Hempel

History

2023: Litum Group of Companies bought a plant in Ulyanovsk from Hempel

The Litum Group of Companies bought the plant in Ulyanovsk from the Danish paint manufacturer Hempel and will restart it. The governor of the Ulyanovsk region Alexei Russkikh announced this on August 31, 2023.

Today, it is most important for us to preserve the enterprises of foreign companies that have left the region, ensuring their continuity with Russian business in order to preserve both new competencies formed in the region and jobs for people. When restarting the plant, most of the team will continue to work in the company, now, during the forced downtime, employees receive two-thirds of their wages. For our part, in today's difficult conditions, we will provide all the necessary support for the enterprise to quickly start work, "he said.

Litum Group of Companies bought a plant in Ulyanovsk from the Danish paint manufacturer Hempel

According to the head of the Ulyanovsk region, the former Hempel plant will resume work until the end of 2023. General Group of Companies "Litum" Andrei Druzhinin noted that the plant, as before, will produce paints and varnishes for various industries, including construction, shipbuilding, energy, oil and gas industries, and large infrastructure facilities. For the manufacture of materials, the same modern process lines and equipment transferred by the previous owner will be used.

According to Interfax, citing data from the Unified State Register of Legal Entities (Unified State Register of Legal Entities), in July 2023, the Ulyanovsk JSC Hempel, which belonged to Hempel, was renamed Litum JSC in July. Ulyanovsk, "however, by the end of August 2023, the company indicated its previous owners.

Litum is the successor to the world paint companies Jotun (an enterprise in the Leningrad region) and Hempel (in the Ulyanovsk region). Litum's range includes high-quality paints and powder coatings to protect industrial facilities from corrosion, which are analogues of Jotun and Hempel products.^[1]

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