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AkzoNobel to Invest EUR 2.5 Mn to Expand Indonesian Performance Coatings Plant

Published on 2015-02-18. Author : SpecialChem

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."

About AkzoNobel 

AkzoNobel is one of the leading global paints and coatings companies and a major producer of specialty chemicals. They supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for their customers. Their portfolio includes well-known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, they are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, their 50,000 people around the world are committed to delivering leading products and technologies to meet the growing demands of their fast changing world.

Source: AkzoNobel

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