47th Mapei factory in Vietnam

The 47th Mapei factory was opened on 31 October this year in the Chu Lai Industrial Area near Da Nang, Vietnam and will serve the local market. Mapei’s operations in the Far East are expanding rapidly.

They began in 1989 with the opening of Mapei Far East in Singapore and continued in 1994 with Mapei Malaysia. The Group began operating in China in 2004 with the opening of the Hong Kong subsidiary followed by a further two factories in 2006 (Mapei Guangzhou and Mapei Shanghai).

The internationalisation process that Mapei first embarked on in the 1960s has developed rapidly in recent years, bringing the company into close touch with the local market. This has allowed it to understand the specific needs of the market and considerably reduce transport costs.

The Mapei Group currently has 50 subsidiaries, 7 research and development centres and 47 production facilities, each equipped with its own quality control laboratory.
This process of steady internationalisation has fuelled turnover growth during the last ten years. Compared with the 150 billion lire turnover of 1990, aggregate turnover reached 725 million euro in 2001, some 57% of which was generated abroad.
In 2006 total turnover amounted to 1.45 billion euro and a figure of 1.6 billion euro is expected for 2007. The group has a total of 5300 employees, more than 60% of whom are outside Italy.

Mapei’s objective is to reach a turnover of 2 billion euro in 2010, corresponding to an annual 14.3% increase in turnover.