Conrad Keijzer, AkzoNobel’s executive committee member responsible for performance coatings.
AMSTERDAM, NETHERLANDS: AkzoNobel NV said it plans to invest
in its performance coatings business in Vietnam - doubling capacity at its powder coatings facility in Dong Nai and opening a new office for performance coatings in Ho Chi Minh city.
The new production line in Dong Nai will be ready in November and will be supported by a 20 percent increase in workforce. In addition to serving the local market, the expanded plant will also supply customers across Southeast Asia, India, Australia and New Zealand.
“Vietnam has proven to be strategic market for AkzoNobel in Southeast Asia. With focused investment, we aim to sustain our high double-digit growth in the domestic market in Vietnam, as well as Southern Asia overall,” said Alan Alex, business manager, powder coatings business in Southern Asia, AkzoNobel.
“Vietnam is strongly emerging as a manufacturing base in Asia, which continues to be an attractive growth market. These investments ensure that we are well positioned to meet customer demand going forward,” said Conrad Keijzer, AkzoNobel’s executive committee member responsible for performance coatings.
AkzoNobel is the largest paints and coatings company in Vietnam, with four manufacturing locations producing both decorative paints and performance coatings, and employing more than 800 people, it said.
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