AkzoNobel commits to Chinese market

AkzoNobel today broke ground on a new Decorative Paints site in Chengdu, China.

€50 million has been invested to build manufacturing facilities for both powder coatings and decorative paints in the region.

The new site covers an area of 55,000 square meters and the site is expected to be fully operational by 2017.

AkzoNobel CEO Ton Büchner said: “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.”

The site is expected to create approximately 100 new jobs in the area.