A Significant Market Force

Chemical Specialities Limited was started by Peter Dykins in Durban in 1957. This originally family owned business has grown to be a significant force in the South African market, as an exporter, and currently employs in excess of 1,000 people worldwide.This growth was the result of the management team's inspiration for innovation and constant striving to produce products that give customers added value, and to become a leading global paint company.

Truly Empowered
A management buyout, effective from 1 January 2006, resulted in the company becoming truly empowered through the introduction of BEE shareholding in the business.The management buyout was financed by RMB Corvest (Proprietary) Limited, a wholly-owned subsidiary of FirstRand Bank Holdings Limited and Tandem Capital (Proprietary) Limited, an empowerment investment group owned by RMB Corvest (Proprietary) Limited.

Chemical Specialities converted from a private company to a public company on 22 October 2007, and was listed on the JSE AltX on 6 November 2007.

Products
Decorative
Developed by using the very latest pigment technologies, the DeCO� Signature Range represents the best value for money, in a competitive market. The DeCO� collection includes 35 types of paint ranging from specialist undercoats and preparation products to enamel paints, wall coatings and roof paints.The DeCO� range of paints is supported by a range of DeCO� accessories - sugar soap, crackfiller, woodfillers and other widely used products.

Industrial
A wide range of air-dry paints and coatings are manufactured,which offer superior performance and cost-effectiveness and continue to dominate in their sectors.

Chemspec is the leading supplier of stains and wood finish products to the South African furniture manufacturing industry, with an estimated market share in the region of 75%.

Automotive
The flagship refinishing range,Metalux 2�, offers a full range of truly South African automotive products. Featuring state-of-the-art technology,Metalux 2�enables any colour to be accuratelymatched. The compact collection of toners achieves over
140 000 colours which means a smaller stockholding for the bodyshop. The unparalleled combination of performance excellence, colour tools, support, and affordability has positioned this range as a new global player in automotive refinishing.

Transocean Coatings
Transocean Coatings develops, manufactures and sells antifoulings, anticorrosives and manymore coatings for ships,offshore installations, industrial facilities and yachts. Recently,Transocean member companies approved ChemSpec as a full member of the Association.ChemSpec is now able to expand business to the marine, yacht and protective coatings market in South Africa and neighbouring countries.

Retail
ChemSpec retails its products through its House of Paint stores. There are 29 House of Paint retail outlets, of which 8 are franchised stores, located in South Africa, Botswana and Namibia. The company is in the process of expanding its retail presence in Africa through the development of a solid franchising model.

Safety, Health and Environment
In terms of the environment,ChemSpec is committed to producing products that comply with international VOC (volatile organic compound) legislation. The company prides itself in the fact that all decorative paint products are lead free and safe to use.

Staff Training
ChemSpec introduced major training initiatives with the focus of training being broad-based, ranging from Occupational Health and Safety;FirstAid;FireMarshall training; forklift supervisory/management; sales skills and paint and coating technology. Study assistance programmes also facilitate the development of staff with initiative and drive. Every effort is being made to support these employees who are in fact the company’s future. The company also ensures that training courses are National Qualifications Framework accredited and that service providers are BEE compliant.The company target is to dedicate 3% of its annual payroll towards training.

Social Responsibility
Since 2007, the House of Paint has partnered with the Durban University of Technology Architectural Technology and Interior Design Department’s annual third year project whereby the students select a disadvantaged organisation in need of an interior makeover and then design and implement the makeover over a six month period. In 2007, the St. Martin’s Diocesan Home for Children was revamped and the project for 2008 isWylie House, a home for abused and traumatised children in Durban.

For many years ChemSpec has been the leading sponsors of the ChemSpec Jaguars Rugby Club, an empowerment rugby club based in Sydenham, a previously disadvantaged area. ChemSpec is also the official paint supplier to the ABSA Stadium, home of the Sharks Rugby team. Other events that carry the ChemSpec brand include the House of Paint Durban Airshow, which impacts the regional economy with an estimated R18 million to R25 million, the House of Paint Easter Rugby Festival, the House of Paint 50 Miler, the House of Paint Ozzie Gladwin, ChemSpec Durban Surfing and the ChemSpec Captain’sTable Rugby Banquets. ChemSpec are also the title sponsor of club rugby and the Moor Cup in KZN. The Company also sponsors KZN’s first and only continental cycling outfit, Team House of Paint. In January 2008, the team was re-launched sporting brand new riding gear and an additional four riders.

The Future
ChemSpec is a brand focussed company and believes that investing in its brands will help achieve the goal of becoming a dominant force in the global coatings sector. Partnering with leading distributors in new markets around the globe means that ChemSpec will achieve the mission of becoming the most dynamic and innovative coatings manufacturer in the world.

Awards

2002 – Marketing Organisation of the year awarded by the Institute of Marketing Management (IMM).
2002 – Sustainable GrowthAwards Finalist in the Unlisted Company Category.
2004 - Sustainable Growth Awards 2nd Place in the 5-year Private Category.
2007 - ChemSpec is rated as one of South Africa’s Top Empowerment Companies by Impumelelo.

Full Name of Company: Chemical Specialities Limited
Nature of Business: Manufacturing
Services / Products:Automotive, Industrial, Decorative and Marine Coatings
Date Established: 1957
Subsidiaries:

ChemSpec (Botswana) (Pty) Ltd
Chemical Specialities Namibia (Pty) Ltd
ChemSpec (Coatings) (Pty) Ltd
ChemSpec USA, Inc.

Customer Base: Construction,Home Improvement, International Automotive Refinish industry, Marine Coatings, Industrial Coatings, South African Furniture industry
No. of Employees: 1000
Auditors / Accountants: BDO Spencer Steward KZN Incorporated
Bankers: FNB Corporate
Advertising / PROAgency: In-house
BEE Status: B-BBEE Category 8

KEY PERSONNEL
Chief Executive Officer: StrathWood
Deputy Managing Director: Bruce Mackinnon
Financial Director: Jonathan Maehler

CONTACT DETAILS
Head Office
Physical Address: 2029 Old Mill Road,Verulam, Canelands, KZN.
Postal Address: PO Box 2359, Verulam, Canelands, KZN.
Tel: +27 (0)32 541 8600
Fax: +27 (0)32 541 8648
E-mail: info@chemspecpaint.com
Website: http://www.chemspecpaint.com

Other Branches
House of Paint Head Office
Physical Address: 14 Lakeside Office Park, Derby Downs, University Road,Westville, KZN.
Postal Address: PO Box 41177, Rossburgh, 4072, KZN.
Tel: +27 (0)31 279 3200
Fax: +27 (0)31 266 9722
E-mail: info@chemspecpaint.com
Website: http://www.houseofpaint.co.za

VISION & MISSION
Our vision is to offer our customers true value. We aim to become the irresistible choice - the brand that challenges the market leaders head on, and wins, the brand that offers a holistic package of superior products, expert advice, incomparable service and relevant knowledge, the brand that, when all things are considered, offers the best value possible.

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