Germany – Pearl Group, an international leader in polyurethane (PU) insulation solutions and other PU-based applications, has launched Pearl Deutschland in Leverkusen, Germany. This strategic expansion is the latest development in Pearl’s ambitious PearlX2 strategy, which aims to double the organisation’s size by 2026.
Following the acquisition of Covestro’s majority stake in the joint venture in 2021, Pearl has established itself as a standalone powerhouse. The launch of Pearl Deutschland in Leverkusen not only signifies a return to Pearl’s German roots but also places it in direct proximity to suppliers and customers.
The opening of Pearl Deutschland follows a series of global expansions by Pearl, including the inauguration of a production facility in Saudi Arabia in 2023, which has recently doubled its production capabilities. Additionally, Pearl has extended its global footprint by opening sales offices and distribution hubs in Egypt and India.
Martin Kruczinna, CEO of Pearl Group, said: “At a time when many bigger players are looking to decrease headcount and cut costs, Pearl has decided to invest in its team and infrastructure to significantly enhance our capabilities and increase operational efficiencies.’
Pearl has appointed Dr Wilhelm Lamberts as Managing Director of Pearl Deutschland. He will be focused on growing Pearl’s European operations and strengthening relationships with new and existing customers. Lamberts has held senior management positions at Covestro Deutschland AG, Bayer MaterialScience AG, Bayer Polymers AG and Baulé SAS.
Formerly known as Bayer Pearl and Pearl Covestro, Pearl Group has a proven track record of more than 35 years in the Middle East region, with the company’s roots dating back to Otto Bayer – the German inventor of Polymer in 1937.
