Name of the firm: Yemen Company for Paints and Derivatives Ltd.
Date and place first established:
1981, Taiz, Republic of Yemen.
Nature of ownership:
Family oriented.
Number of employees: 230-240
Company purpose: Manufacturing and sales of paints and its derivatives in the Republic of Yemen and exporting to neighboring countries under technical collaboration with Crown Berger Decorative Products Ltd. Darwen, UK.
Company mission:
Over the next five years YCPD will endeavor to become market leader in the Yemeni paints and chemicals market through offering customers excellent service and meeting their current and future requirements locally and internationally.
To this end, the comapny will mobilize its developmental and creative power to offer products of superior quality and competitive prices. This will be achieved through optimizing the effectiveness of its resources, implementing total quality system, making effective use of information, and keeping abreast of global developments in the paints and chemicals technology.
Company objectives:
- Develop company's overall business activities to generate maximum turnover and earnings.
- Offering customers good quality products and ensuring continuous service that meets and satisfies the customer's requirements in the line with the new development in the field of paints and chemicals.
- Developing human resources skills and capabilities and implementing total quality sysytem in all company activities and operations.
- Maintain a high market share by activating the role of marketing and brand management, effective cost reduction and fostering creativity and innovation.
- Making optimum use of available resources and generating sufficient cash flow to fund future development projects and introduce new products.
Company's future development plans:
(i) Expansion of existing production capacity of decorative paints.
(ii) Manufacturing of Industrial Paints, Adhesives and Printing Inks.
(iii) Manufacturing of metal packaging cans(Conipails) by installing a new production line.
The firm has in addition to its Head Office in Taiz
:
a. Sub-Agents in all governorates in Yemen.
b. Showrooms in Taiz, Sana'a, Aden, Hodeidah and Hadramout.
c. Branches in Sana'a, Hodeidah, Aden and Hadramout.
d. Factory in Taiz.
Affiliated Banks:
1- Yemen Kuwait Trading & Inv. Bank.
2- International Bank of Yemen.
3- Tadhamon International Islamic Bank.
4- Yemen Bank for Reconstruction & Development.
Subsidiary firms:
(1) M/s. Tilal Trading & Contracting Company Ltd.
Nature of subsidiary firms business activities:
(i) Building contractors.
(ii) Trading in all kinds of printing inks under business agreement with Akzo Nobel Inks A/S, Brondby, Denmark.
(iii) Manufacturing and sales of galvanized prepainted steel sheets required in construction of structural buildings, industrial hangars etc.
(iv) Trading in various types of packaging adhesives, PVC dyes etc.
(v) Trading in waterproofing and insulation materials.
