2013-09-25 08:05:05 -
September 25, 2013
AkzoNobel has announced plans to invest a total of more than €50 million in
China to build new manufacturing facilities for its Powder Coatings and
Decorative Paints businesses, adding further momentum to the company's strategic
Both new facilities will be located in Chengdu with the powder facility
scheduled to open in 2014 and the deco site starting production in 2015.
The announcement follows the recent start-up of commercial production of
Bermocoll cellulose derivatives at the company's multi-site in Ningbo, which
will serve the growing demand from customers throughout the region, as well as
from AkzoNobel's own decorative paints business. Cellulose derivatives are used
in water-based paints and building additives applications.
"China is playing an increasingly important role in our growth strategy and by
expanding production capacity we will
further strengthen our position as a
leading supplier to the Chinese market," said AkzoNobel CEO Ton Büchner.
"We already have a strong manufacturing footprint in eastern, central and
southern China," he added. "As demand and volumes continue to rise, we will
extend our production and distribution westwards and the new sites will enable
us to better serve our customers whenever and wherever they need our products."
Chengdu is one of the fastest growing cities in south western China and has
consistently delivered double digit growth over the last two decades. It has
established itself as an important industrial hub, resulting in high demand for
quality powder coatings and decorative paint, which is expected to remain strong
as the area continues to develop.
"Our investments in Chengdu underline our commitment to further developing our
business in China and capitalizing on the business opportunities being created
by growing domestic demand," said LIN Liangqi, President of AkzoNobel in China.
AkzoNobel currently employs more than 7,700 people in China, including 500 in
research and development. Revenue for 2012 was €1.7 billion, the majority being
generated from local demand.
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AkzoNobel is a leading global paints and coatings company and a major producer
of specialty chemicals. We supply industries and consumers worldwide with
innovative products and are passionate about developing sustainable answers for
our customers. Our portfolio includes well-known brands such as Dulux, Sikkens,
International and Eka. Headquartered in Amsterdam, the Netherlands, we are
consistently ranked as one of the leaders in the area of sustainability. With
operations in more than 80 countries, our 50,000 people around the world are
committed to delivering leading products and technologies to meet the growing
demands of our fast-changing world.
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