COIM, the sixth largest Italian Chemistry group, the first in Italy in the chemical products sector in the segments of polyesters, polyols, polyurethanes and special resins and among the first in the world in the sector of polyesters for polyurethane systems, is doubling its plant in Singapore
C.O.I.M. S.p.A., an Italian multinational that has manufactured chemical products since 1962 and that operates all over the world through nineteen manufacturing and trading companies, is investing in Asian markets and doubling its plant in Singapore.
COIM is currently the sixth largest Italian chemistry Group, the first in Italy in the chemical products sector in the segments of polyesters, polyols, polyurethanes and special resins and among the first in the world in the sector of polyesters for polyurethane systems.
Its investment in Singapore will allow the company to serve Southeast Asia, India and China even more extensively, with the possibility of further developing the Australian market, which is extremely important for the types of products manufactured locally.
The extension, which will be inaugurated in the month of December, consists of the construction of a totally automated warehouse, with a capacity of 10,000 pallet slots distributed across a reinforced concrete building more than 50 metres high. The investment also includes the construction of a plant for the production of thermoplastic polyurethane (TPU), the doubling of the production capacity of the adhesives line and an increase in the line of prepolymers for elastomers. Thirty-five new workers will be taken on to operate the plant.
“Through this investment, we will strengthen our ability to supply rapidly growing markets with product ranges designed for various sectors: from the production of high-performance shoe soles to food and pharma packaging and technical articles for various industries, in line with COIM's strategic plan, which is geared towards a major expansion worldwide. This approach, according to which “it is the product that follows the market”, has determined and continues to determine COIM's success worldwide”, affirms Giuseppe Librandi, Chairperson and CEO of COIM.
“COIM's corporate strategy is based on long-term planning and a strong customer focus, which entails a continuous commitment to product personalization. Remaining faithful to our DNA, that is, the production of polyurethane, we set ourselves the objective of being recognized as an ever-increasingly reliable partner and moving with our customers towards an increasingly targeted and detailed specialization, which, for COIM, represents a major competitive advantage. Through the expansion of its Singapore plant, COIM also establishes itself as one of the most dynamic groups operating in the sector, strengthening its attractiveness to new Italian and international talent, persons who wish to embark on a career at global, rapidly growing industrial companies”, concludes Librandi.
C.O.I.M. S.p.a. press office: Origgi Consulting S.r.l.
Manager: Daniela Origgi
d.origgi@origgiconsulting.it – Mob. (+39) 347 1729113
COIM press office team:
pressoffice@origgiconsulting.it - Tel. (+39) 039 2307137
