AkzoNobel inaugurates largest technology center in China

10:20 AM, 27th May 2016
AkzoNobel has inaugurated its largest technology center in Shanghai, China.

AMSTERDAM, NETHERLANDS: AkzoNobel NV has inaugurated its new €6.5 million, largest technology center in Shanghai, China. The company’s research facility will support product innovation and the development of next-generation paints, coatings and specialty chemicals.

Equipped with a full array of state-of-the-art material analysis and performance testing facilities, the center currently employs 150 scientists, which is expected to rise to 200 by 2020. The majority of the products supported by the new facility will be waterborne and powder-based, in line with the company's ambitions to develop more eco-premium solutions.

AkzoNobel invested a total of €347 million in research and development during 2015, with a strong focus on sustainability. The company is also looking to increase its revenue from downstream eco-premium solutions to 20 percent of revenue by 2020. In China, it has already reached 30 percent.

"The opening of this new technology center marks another milestone in the company's organic growth strategy, as we continue to drive our innovation agenda and build a resilient portfolio of more sustainable products," said Klaas Kruithof, RD&I director of AkzoNobel's performance coatings business.

"A key strength of our new technology center is that it is focused on all the company's paints and coatings activities," added Roger Jakeman, RD&I director of AkzoNobel decorative paints. "This offers major advantages in terms of synergies, efficiency benefits and creating additional value for customers."

"With Asia, and especially China, upgrading its manufacturing industry protocols, innovative solutions with strong sustainability features will be a key to future success. The new center will therefore, play a vital role in supporting manufacturing, as well as future markets, such as solar and wind power," said Dr Lin Liangqi, president of AkzoNobel China.

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