20 August 2014
Details
today broke ground on
its new Decorative Paints site
in Chengdu, capital city of Sichuan Province, China.
The facility is part of an investment
in excess of €50 million to build manufacturing facilities
for both Powder Coatings and Decorative Paints.
Located in Qionglai Yang’an Industrial Park,
the new site
– the company's fourth plant for decorative paints in China –
occupies an area of 55,000 square meters.
The first phase is scheduled to be opened in 2016,
with full operations expected by 2017.
Ton Buchner
AkzoNobel CEO
Speaking at the groundbreaking ceremony,
"Our investment in this new site is further proof of
our ongoing commitment to China,
which is one of our most strategically important markets.
Establishing this new facility also gives added momentum
to our organic growth ambitions, as well as
enabling us to continue expanding
our manufacturing footprint in Asia."
Ruud Joosten,
AkzoNobel’s Executive Committee member
responsible for Decorative Paints
"Further boosting our presence in China will support
our growth ambitions and enable us to work more closely
with our customers in the region.
There is strong demand for our products and
we will continue to innovate to
meet the increasing needs of the market."
WWW.CHEMWINFO.COM BY KHUN PHICHAI
