AkzoNobel expands coatings plant in Indonesia

AkzoNobel expands coatings plant in Indonesia

11:00 AM, 17th May 2016
AkzoNobel expands coatings plant in Indonesia
AkzoNobel completes phase one of the €2.5 million expansion of its performance coatings plant in Cikarang, Indonesia.

AMSTERDAM, NETHERLANDS: AkzoNobel NV said it has completed phase one of the €2.5 million expansion of its performance coatings plant in Cikarang, Indonesia. The investment will increase capacity at the facility by 40 percent and will help the company meet growing domestic demand – driven by the petrochemical and power sectors – for its international brand marine and protective coatings products. 

“This investment is a testament to our commitment to Indonesia, which continues to improve its position as an emerging market. We have installed state-of-the-art, automated equipment at Cikarang, which will significantly improve product quality, safety and sustainability standards,” said Mauricio Bannwart, managing director of AkzoNobel’s protective coatings business, speaking at the inauguration ceremony.

“We are excited about the fast-growing domestic market opportunity in Indonesia. The country has great maritime potential, with a 54,720 kilometre coastline, inclusive government policy and an opportunity to build a robust shipbuilding industry,” said Oscar Wezenbeek, managing director of AkzoNobel’s marine coatings business.

Having first established itself in Indonesia in 1971, AkzoNobel has since become the largest paints and coatings producer in the country. The company operates three manufacturing sites, supplying both decorative and performance coatings, employing more than 1,000 people.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Honeywell to spin off resins and chemicals business

MORRIS PLAINS, US: Honeywell International Inc said that it would spin off its $1.3 billion resins and chemicals business into a stand-alone, publicly ...

Read more
Dow Corning CEO to retire following Dow Chemical takeover

MIDLAND, US: Dow Chemical Company and Dow Corning Corporation said that Robert (Bob) Hansen, chairman, chief executive officer and president, will ret ...

Read more
Metabolix explores strategic alternatives for biopolymers, crop science biz

CAMBRIDGE, US: Metabolix Inc said it is exploring strategic alternatives for its specialty biopolymers and Yield10 crop science business. The company ...

Read more
Albemarle set to explore sale of $3 billion treatment unit

NEW YORK, US: Albemarle Corp said it is exploring the potential sale of a surface-treatment division, according to people familiar with the matter, as ...

Read more
Gelest to increase germane capacity in US

MORRISVILLE, US: Gelest Inc said it will increase germane (GeH4) capacity at its Morrisville plant in the US, to meet the rise in global demand by the ...

Read more
Archroma signs MoU with Textile Institute of Pakistan

REINACH, SWITZERLAND: Archroma has signed a memorandum of understanding (MoU) with Textile Institute of Pakistan (TIP), for formal cooperation between ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X