AkzoNobel invest €80 million in new pulp facility

AkzoNobel to invest €80 million in new pulp facility

12:54 AM, 1st February 2012
AkzoNobel to invest €80 million in new pulp facility
Rob Frohn, Executive Committee Member responsible for Specialty Chemicals, AkzoNobel.

AMSTERDAM, THE NETHERLANDS: AkzoNobel is planning to invest €80 million in the construction of a new pulp chemical island facility in Brazil. The plant, operated by the company’s pulp and paper chemicals business, Eka Chemicals, will supply the Suzano Maranhao pulp mill. This is AkzoNobel’s second largest investment in Brazil in the past 12 months and further expands Eka Chemicals’ sustainability-focused chemical island concept.

The investment will involve supplying, storing and handling all chemicals for the 1.5 million tonne per year pulp mill, which is being constructed in Imperatriz, Maranhao, Brazil. The mill is expected to come on stream in the last quarter of 2013. “This 15-year agreement emphasizes the importance of high growth markets for AkzoNobel and will help drive the company’s medium-term strategy of doubling revenue in Brazil to €1.5 billion,” said Rob Frohn, Executive Committee Member responsible for Specialty Chemicals, AkzoNobel.

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