Polyurethane insulation solutions and applications leader, Pearl Group, has announced the launch of Pearl Deutschland in Leverkusen, Germany, as part of its ambitious growth strategy. The establishment of Pearl Deutschland marks a return to the company's German roots and positions it closer to suppliers and customers. This expansion follows Pearl's acquisition of Covestro's majority stake in the joint venture and its subsequent emergence as an independent player in the industry. The company has been actively expanding its global presence, with the inauguration of a production facility in Saudi Arabia and the opening of sales offices and distribution hubs in Egypt and India. Pearl Group aims to double its size by 2026 through its PearlX2 strategy.
“Customers in the polyurethane system space, both in Germany and any other country globally, not only require high quality products but they also value strong technical service, both of which are core strengths of Pearl,” said Martin Kruczinna, Pearl’s CEO. “At a time when many bigger players are looking to decrease headcount and cut costs, Pearl has decided to focus on people instead to cater to customer needs.”
He added that the return to its German roots underscores its dedication to offering in-country technical expertise and local stocks. “By establishing a presence in Germany, we are not only closer to our European customers but are also demonstrating our resolve to be an international leader in the PU systems industry,” he said.
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