HELSINKI: Tikkurila is opening of a new factory in Almaty, Kazakhstan, in April 2015. The factory will produce a limited range of water-borne decorative paints to meet local market needs.
“This investment supports Tikkurila’s strategy of profitable growth. Local production will enable us to grow our business in Kazakhstan and the surrounding regions. The project also fits well with Kazakhstan’s transition to a green economy,” says President and CEO of Tikkurila Erkki Järvinen.
The factory will pilot a novel production concept developed by Tikkurila. Designed to enable the quick launch of production in a new market, the concept will typically involve a fairly small and flexible unit focused on the production of a limited range of water-borne products. The risks associated with entering a new market are smaller, hence to low initial investment costs and low operating costs.
Tikkurila has had operations in Kazakhstan since 2006, and it currently employs around 30 people in the country. Tikkurila, which is the market leader in Kazakhstan in premium products, is the first Western paint producer starting local production in the country. Tikkurila operate in 16 countries and has production in ten countries, with Kazakhstan being the most recent addition to the list.
