AkzoNobel plans investing €50 million its powder coatings, decorative paints businesses

AkzoNobel to invest in powder coatings, decorative paints facilities in China

11:48 AM, 25th September 2013
AkzoNobel plans expanding its paints businesses in china

CHENGDU, CHINA: AkzoNobel plans to invest a total of more than €50 million in China to build new manufacturing facilities for its powder coatings and decorative paints businesses, adding further momentum to the company’s strategic growth ambitions. Both new facilities will be located in Chengdu with the powder facility scheduled to open in 2014 and the decorative site starting production in 2015.

“China is playing an increasingly important role in our growth strategy and by expanding production capacity we will further strengthen our position as a leading supplier to the Chinese market. We already have a strong manufacturing footprint in eastern, central and southern China. As demand and volumes continue to rise, we will extend our production and distribution westwards and the new sites will enable us to better serve our customers whenever and wherever they need our products,” said Ton Buchner, CEO, AkzoNobel.

 

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