AkzoNobel invest € 30 million Expancel capacity expansion

AkzoNobel to invest € 30 million for Expancel capacity expansion

3:48 PM, 25th May 2011
AkzoNobel to invest € 30 million for Expancel capacity expansion
Rob Frohn, Executive Committee member responsible for Specialty Chemicals, AkzoNobel.

 

AMSTERDAM, THE NETHERLANDS: AkzoNobel is boosting capacity in Sweden for its Expancel expandable microspheres in order to meet growing global demand. The extra capacity – due to come on stream in early 2012 – will be added at the company’s site in Stockvik. Part of the investment will also be used to further improve eco-efficiency at the facility and to implement several additional upgrades.

 

“This is a significant investment in organic growth to seize opportunities in established markets and contribute to the company’s accelerated growth agenda. We are the leading provider of expandable microsphere solutions worldwide and improving our scale and capability will ensure that we increase our capacity to supply customers worldwide with our innovative products,” said Rob Frohn, Executive Committee member responsible for Specialty Chemicals, AkzoNobel.

 

The company is also finding new applications for Expancel and hence plan to increase capacity. The worldwide demand too is set to intensify in the years ahead. Some of the newest Expancel products include ultra-high temperature microspheres for engineering plastics which reduce weight and save on expensive raw materials.

(C) WOC News

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