kzo Nobel Expands Chemicals Activities In China
Akzo Nobel is ramping up its chemicals activities in China by investing approximately €15 million in two new production facilities, including a new polysulfides plant in Taixing. The company will also construct a new paper chemicals site in Guangzhou.
“Akzo Nobel has clearly stated its strategy of supporting growth in five Chemicals platforms with good prospects for profitable leadership,” said Leif Darner, the company’s board member responsible for chemicals. “These two investments will consolidate and expand our well established activities in China and are a clear indication of our commitment to creating strong competitive positions in selected markets.”
The new poluysulfides plant, which will be built at the company’s existing functional chemicals site in Taixing, will have an annual production capacity of 10,000 tons. It is scheduled to become operational by early 2007, by which time the company’s polysulfides plant in Germany will already have reached maximum capacity.