Dutch company AkzoNobel is planning to spend over €30m to build a new manufacturing facility in Thailand in order to support regional growth of its Performance Coatings business.
Being supported by the Thailand Board of Investment, the project includes construction of a 120,000m² site within the Hemaraj Eastern Seaboard Industrial Estate in Chonburi.
The new facility will have an initial capacity of 45,000t per year, and production on the plant is scheduled to start in the third quarter of 2016.
“By investing in this new facility we are supporting our continued growth within Thailand.”
AkzoNobel Metal Coatings business managing director AB Ghosh said: “By investing in this new facility we are supporting our continued growth within Thailand, as well as making progress with our regional business expansion strategy.
“By investing in this new facility we are supporting our continued growth within Thailand.”
“A number of existing operations will be consolidated into the new site, allowing us to achieve world class operational standards.”
The new manufacturing facility will support several Performance Coatings businesses, including Metal Coatings, Protective Coatings, Specialty Coatings and Marine Coatings, as well certain products from the company’s Decorative Paints business.
AkzoNobel executive committee member responsible for Performance Coatings Conrad Keijzer said: “Thailand is a key market for our growth strategy and this investment will enable us to further strengthen our position as a leading supplier, both within Thailand and as a hub to support the supply network through the region.”
“Our business in Asia has experienced strong growth during the last several years.
“As demand and volumes continue to rise, the new site will enable us to better serve our customers whenever and wherever they need our products.”
Source: http://www.chemicals-technology.com/news/newsakzonobel-to-build-30m-performance-coatings-plant-in-thailand-4587896
