AkzoNobel Performance Coatings adds capacity in Indonesia
(Thomson Reuters ONE) -
February 16, 2015
AkzoNobel Performance Coatings has announced plans to invest ?2.5 million to
expand its plant in Cikarang, Indonesia.
The investment will add capacity to help meet growing demand for the company's
International brand products, which are supplied by the Protective Coatings and
Marine Coatings businesses. The project is expected to be completed by April
2015.
"The local market has been expanding over the last three years," explained
Mauricio Bannwart, Managing Director of AkzoNobel's Protective Coatings
business. "Further growth is now anticipated as Indonesia seeks to improve its
position in the petrochemical and power sectors, while an improvement in marine
new build is also anticipated."
News of the expansion comes after AkzoNobel recently invested a total of ?5
million to add capacity for both its Marine Coatings and Protective Coatings
businesses in Singapore and Sunshine, Australia.
Commenting on the new projects, Conrad Keijzer, the company's Executive
Committee member responsible for Performance Coatings, said: "Our business in
Asia has experienced double-digit annual growth during the last five years.
These expansions will ensure that we are well positioned to meet customer demand
going forward. By focusing our investment at key sites we are achieving
economies of scale, allowing us to continuously improve our operational
productivity."
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AkzoNobel is a leading global paints and coatings company and a major producer
of specialty chemicals. Calling on centuries of expertise, we supply industries
and consumers worldwide with innovative products and sustainable technologies
designed to meet the growing demands of our fast-changing planet. Headquartered
in Amsterdam, the Netherlands, we have approximately 48,000 people in around 80
countries, while our portfolio includes well-known brands such as Dulux,
Sikkens, International and Eka. Consistently ranked as one of the leaders in the
area of sustainability, we are committed to making life more liveable and our
cities more human.
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Datum: 16.02.2015 - 10:00 Uhr
Sprache: Deutsch
News-ID 371761
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