AkzoNobel build €30 million performance coatings facility in Thailand

AkzoNobel to build €30 million performance coatings facility in Thailand

7:07 AM, 27th May 2015
AkzoNobel to build €30 million performance coatings facility in Thailand
Conrad Keijzer, executive committee member (performance coatings), Akzonobel. (File photo)

AMSTERDAM, NETHERLANDS: Akzonobel NV said it plans to invest more than €30 million in a manufacturing facility in Thailand to support regional growth of its performance coatings business. With an initial capacity of 45,000 tonne per year, production is due to start in the third quarter of 2016.

The project, supported by the Thailand board of investment, involves constructing a 120,000 metre square site within the Hemaraj Eastern Seaboard industrial estate in Chonburi, it said.

The new plant will support several performance coatings businesses, including metal coatings, protective coatings, specialty coatings and marine coatings, as well certain products from the company’s decorative paints business.

“By investing in this new facility we are supporting our continued growth within Thailand, as well as making progress with our regional business expansion strategy. A number of existing operations will be consolidated into the new site, allowing us to achieve world class operational standards,” said AB Ghosh, managing director, Akzonobel’s metal coatings business.

“Thailand is a key market for our growth strategy and this investment will enable us to further strengthen our position. Our business in Asia has experienced strong growth during the last several years. As demand and volumes continue to rise, the new site will enable us to better serve our customers,” said Conrad Keijzer, executive committee member (performance coatings), Akzonobel.

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