AkzoNobel invests ?80 million to supply new Suzano pulp mill in Brazil
(Thomson Reuters ONE) -
February 1, 2012
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 Maranhão
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.
"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, AkzoNobel Executive
Committee member responsible for Specialty Chemicals.
The investment will involve supplying, storing and handling all chemicals for
the 1.5 million ton per year pulp mill, which is being constructed in
Imperatriz, Maranhão, Brazil. The mill is expected to come on stream in the last
quarter of 2013.
"We are very proud to have been awarded this project; it underlines the value
our Chemical Island concept brings to our customers," said Pulp and Paper
Chemicals General Manager Ruud Joosten. "The future demand for pulp and paper in
Latin America and China is forecast to increase substantially over the next
decade and these investments ensure that we are part of that growth."
Commenting on the agreement, Ernesto Pousada, COO at Suzano Papel e Celulose,
said: "Eka Chemicals is a long and reliable partner to Suzano Papel e Celulose.
Via this deal, we are ensuring our plant will use the latest and most
sustainable chemicals available - something which has been key for us."
The new facility will expand AkzoNobel's well-established pulp and paper
activities in Brazil. The business already successfully runs Chemical Islands,
as well as other production units, on several customer sites. It also bleaching
and paper chemical plants in Jacareí, Rio de Janeiro, Três Lagoas and Jundiaí.
AkzoNobel currently employs over 2,700 people in Brazil, and its 2010 revenue
totaled close to ?850 million. The majority of revenue is generated from local
demand. The company's ambition is to achieve revenue of ?1.5 billion in Brazil
by 2015.
- - -
AkzoNobel is the largest global paint and coatings company and a major producer
of specialty chemicals. We supply industries and consumers worldwide with
innovative products and are passionate about developing sustainable answers for
our customers. Our portfolio includes well known brands such as Dulux, Sikkens,
International and Eka. Headquartered in Amsterdam, the Netherlands, we are a
Global Fortune 500 company and are consistently ranked as one of the leaders in
the area of sustainability. With operations in more than 80 countries, our
55,000 people around the world are committed to excellence and delivering
Tomorrow's Answers Today(TM).
For further information on the Chemical Island concept, please visit
www.akzonobel.com/eka/
Not for publication - for more information
Corporate Media Relations Corporate
Investor Relations
Tel: +31 20 502 7833 Tel:
+31 20 502 7854
Contact: Oskar Bosson Contacts:
Jonathan Atack and Ivar Smits
Pdf file AkzoNobel press release:
http://hugin.info/130660/R/1581533/494071.pdf
AkzoNobel - Chemical Island :
http://hugin.info/130660/R/1581533/493988.pdf
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Source: Akzo Nobel NV via Thomson Reuters ONE
[HUG#1581533]
Unternehmensinformation / Kurzprofil:
Datum: 01.02.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 109777
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