AkzoNobel opens sixth powder coatings plant in China
(Thomson Reuters ONE) -
October 25, 2010
AkzoNobel has underscored its ambition to double revenue in China within the
next five years by opening its sixth powder coatings facility in the country.
The plant is located in the Wuhan Economic and Technological Development Zone, a
major industrial and manufacturing hub in central China.
The new factory will manufacture AkzoNobel Powder Coatings' flagship Interpon®
range of products and joins the business' five existing sites in Shenzhen,
Langfang, Ningbo, Suzhou and Chengdu.
"China is fundamental to our new sustainable growth strategy and this sixth
plant is the latest in a series of new facilities AkzoNobel has inaugurated in
the region," said Leif Darner, the Board member responsible for the company's
Performance Coatings activities. "Our ambitions for China are clear and we are
committed to achieving them."
The Wuhan facility's current production capacity is 4,000 tons per year and can
be further expanded. The additional capacity boosts AkzoNobel's ability to meet
growing demand in what is one of the largest powder coatings markets in the
world.
"China has the fastest growth rate in the world in terms of powder coatings
demand," explained Rob Molenaar, Managing Director of AkzoNobel Powder Coatings.
"This demand is being driven by a number of factors, especially the rapid pace
of urbanization and the associated growth of the housing, construction and
automotive sectors. By taking advantage of these trends, our own activities have
achieved strong growth in recent years."
"We expect these trends to continue. So by opening our sixth plant, not only are
we boosting our ability to meet market needs, but we are also establishing a
strong geographic spread, with Wuhan being ideally placed to cater for customers
in the central China area."
Powder coatings are solvent free and Interpon is widely used in the appliance,
architectural, automotive, furniture, general industry and IT sectors.
AkzoNobel currently employs around 6,500 people in China, with the country
hosting 11 percent of the company's Research, Development and Innovation
resources. Revenue for 2009 totaled $1.5 billion. The company's focus on China
will be further strengthened next month when AkzoNobel officially inaugurates
its new ?275 million multi-site in Ningbo.
- - -
AkzoNobel is the largest global paints 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 on
the Dow Jones Sustainability Indexes. 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).
Not for publication - for more information
Corporate Media Relations, tel. +31 20 502 7833
Contact: Oskar Bosson
Corporate Investor Relations, tel. +31 20 502 7854
Contacts: Huib Wurfbain and Ivar Smits
[HUG#1454722]
Pdf file AkzoNobel press release:
http://hugin.info/130660/R/1454722/394871.pdf
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Source: Akzo Nobel NV via Thomson Reuters ONE
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Datum: 25.10.2010 - 08:00 Uhr
Sprache: Deutsch
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