AkzoNobel investing €6.5 million expanding performance coatings businesses

AkzoNobel to invest in performance coatings business in China

11:33 AM, 23rd June 2014
AkzoNobel expanding performance coatings businesses

AMSTERDAM, THE NETHERLANDS/SHANGHAI, CHINA: AkzoNobel is investing more than €6.5 million in its Songjiang site near Shanghai to expand an existing research centre by adding a dedicated facility for the company’s performance coatings businesses.

Once completed in June 2015, the new development and application centre will add capability and capacity to serve growing demand throughout Asia for innovative solutions targeted at the packaging, coil, specialty finishes and powder coatings markets.

“Boosting our R&D capabilities in Asia means we can accelerate the development and formulation of new products tailor-made for the Asian market. The expanded R&D centre will therefore play a crucial role in supporting our growth ambitions – for China in particular –and will provide us with a major innovation facility located close to our customers in the region,” said Conrad Keijzer, Executive Committee member responsible for Performance Coatings, AkzoNobel.

 

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