AkzoNobel planning world class UK manufacturing plant

AkzoNobel planning world class UK manufacturing plant

ID: 56177

(Thomson Reuters ONE) -


July 6, 2011

AkzoNobel, the world's largest paint and coatings company, today announced plans
to build a world class, hi-tech manufacturing facility in the north-east of
England, reinforcing its strategic commitment to accelerated and sustainable
growth.

Around ?110 million is earmarked for the custom-built Decorative Paints site,
designed to enable the company to deliver the most efficient supply chain
operations, reduce operating working capital and accelerate its response to
changing market and customer demands. The planned new facility is within 25
miles of AkzoNobel's existing site in Prudhoe, and is anticipated to be
operational by the end of 2014.

The plans include a proposal to close the company's Prudhoe site and its
manufacturing operations in Slough in three-and-a-half years' time. They will
now be put forward to employees for consultation. Production would be maintained
at the required levels prior to operations being transferred. The intention is
for Slough to remain the headquarters for the UK Decorative Paints business and
for global research and development, and marketing.

"This shows that we will continue to invest in order to drive world class
manufacturing capability, while enhancing customer service levels and ensuring
we remain the world's leading decorative paints business with well-known brands
such as Dulux, Sikkens and Coral," explained Tex Gunning, AkzoNobel's Executive
Committee member responsible for Decorative Paints.

Added Richard Stuckes, Managing Director of AkzoNobel Decorative Paints EMEA:
"This is part of a wide-ranging European strategy designed to strengthen our
leadership positions and accelerate sustainable growth. A new facility of this
size and sophistication will enable us to be more agile and competitive, while
dramatically reducing our impact on the environment, due to lower energy




consumption and less waste."

Incorporating a range of innovative technologies, which for example will recycle
and reuse waste and water, the facility would consume 60 percent less energy
compared with today's operations. Continued Stuckes: "Before making any final
decision on the proposal, we will now enter into a period of consultation with
our employees. If the project goes ahead, there would be relocation
possibilities for those with the desired skill-set who wish to transfer to the
new site."

AkzoNobel currently employs 4,050 people in the UK across all its business, with
revenue for 2010 totaling ?798 million. Within Decorative Paints, 89 people are
employed at the Prudhoe site and 131 are employed in the Slough manufacturing
unit.

- - -


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 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).

Not for publication - for more information

Corporate Media Relations                                    Corporate Investor
Relations
Tel: +31 20 502 78 33                                        Tel.:
+31 20 502 78 56
Contact: Tim van der Zanden                                Contact: Huib
Wurfbain, Ivar Smits




Pdf file AkzoNobel press release:
http://hugin.info/130660/R/1528838/464429.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Akzo Nobel NV via Thomson Reuters ONE

[HUG#1528838]


Weitere Infos zu dieser Pressemeldung:
Unternehmensinformation / Kurzprofil:
drucken  als PDF  an Freund senden  Biolin Scientific acquires Sophion Bioscience Confirmed Net Asset Value(s)
Bereitgestellt von Benutzer: hugin
Datum: 06.07.2011 - 14:00 Uhr
Sprache: Deutsch
News-ID 56177
Anzahl Zeichen: 4674

contact information:
Town:

Amsterdam



Kategorie:

Business News



Diese Pressemitteilung wurde bisher 207 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"AkzoNobel planning world class UK manufacturing plant"
steht unter der journalistisch-redaktionellen Verantwortung von

Akzo Nobel NV (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Akzo Nobel N.V. pricing and results of tender offer ...

Akzo Nobel N.V. (the "Company") announced today pricing and results of its invitation (the "Offer") to holders of its outstanding ?750 million 4.25% Bonds 2003 due 2011 (ISIN: XS0170265341) (the "Bonds"). The Company is ...

Alle Meldungen von Akzo Nobel NV



 

Werbung



Sponsoren

foodir.org The food directory für Deutschland
News zu Snacks finden Sie auf Snackeo.
Informationen für Feinsnacker finden Sie hier.

Firmenverzeichniss

Firmen die firmenpresse für ihre Pressearbeit erfolgreich nutzen
1 2 3 4 5 6 7 8 9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z