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AkzoNobel Plans to Invest in Performance Coatings Business & to Open New Office in Vietnam

Published on 2015-09-22. Author : SpecialChem

AkzoNobel has announced plans to invest in its Performance Coatings business in Vietnam. As well as doubling capacity at its powder coatings facility in Dong Nai, the company also intends to open a new office for Performance Coatings in Ho Chi Minh City.

Fig. 1: AkzoNobel plans to invest in its
Performance Coatings business

The new production line in Dong Nai will be ready in November and will be supported by a 20 percent increase in workforce. In addition to serving the local market, the expanded plant will also supply customers across Southeast Asia, India, Australia and New Zealand.

"Vietnam has proven to be strategic market for AkzoNobel in Southeast Asia and we are strongly committed to expanding our position," said Alan Alex, Business Manager for AkzoNobel's Powder Coatings business in Southern Asia. "With focused investment, we aim to sustain our high double-digit growth in the domestic market in Vietnam, as well as Southern Asia overall."

Commenting on the investment, Conrad Keijzer, AkzoNobel's Executive Committee member responsible for Performance Coatings, added: "Vietnam is strongly emerging as a manufacturing base in Asia, which continues to be an attractive growth market. These investments ensure that we are well positioned to meet customer demand going forward."

AkzoNobel is one of the largest paints and coatings companies in Vietnam, with four manufacturing locations producing both decorative paints and performance coatings, and employing more than 800 people.

About AkzoNobel

AkzoNobel is one of the leading global paints and coatings companies and one of the major producers of specialty chemicals. Calling on centuries of expertise, it supplies industries and consumers worldwide with innovative products and sustainable technologies designed to meet the growing demands of its fast-changing planet. Headquartered in Amsterdam, the Netherlands, it has approximately 46,000 people in around 80 countries, while its portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as one of the leaders in the area of sustainability, it is committed to making life more liveable and its cities more human.

Source: AkzoNobel

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