PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Get on-line education from the Pro Video Learning Series.

Paint and Coatings Industry News

Main News Page


AkzoNobel Builds Coatings, Folds Paper

Thursday, July 17, 2014

More items for Coating Materials

More items from Asia Pacific; EMEA (Europe, Middle East and Africa)

Comment | More

AkzoNobel is again honing its future markets with a new Performance Coatings investment in China and the sell-off of a major business unit.

The Netherlands-based multinational plans to invest more than €6.5 million ($8.8 million USD) to build a Performance Coatings research facility near Shanghai, while divesting its Paper Chemicals unit for €153 million ($208.2 million USD).

'Tailor Made for Asia'

Once fully operational, the new laboratory at the Songjiang site near Shanghai will be the second-largest research and development base for AkzoNobel’s Performance Coatings business after its facility in Felling, UK.

AkzoChemical

When complete next year, the new Performance Coatings facility near Shanghai will be AkzoNobel's largest outside the U.K.

AkzoNobel says the changes will "address the growing demand throughout Asia for new technologies in the packaging, coil, specialty finishes, and powder coatings markets."

The new development and application center, expected to be completed in June 2015, will add capability and capacity as well as double the number of people working in R&D at Songjiang to about 200.

The Songjiang site was recently expanded to create one of AkzoNobel’s biggest resin plants for performance coatings in the world. About 300 people are employed at the location.

“Boosting our R&D capabilities in Asia means we can accelerate the development and formulation of new products tailor-made for the Asian market,” said Conrad Keijzer, AkzoNobel’s executive committee member responsible for Performance Coatings.

“The expanded R&D center will therefore play a crucial role in supporting our growth ambitions—for China in particular—and will provide us with a major innovation facility located close to our customers in the region.”

AkzoHQ
AkzoNobel

AkzoNobel, based in the Netherlands, employs more than 7,400 people in China. The new expansion will add more.

Overall, AkzoNobel employs more than 7,400 people in China, including 500 in R&D. In 2013, the company generated revenues in China of €1.6 billion, with the majority coming from local demand.

Paper Chemicals

Finnish chemicals company Kemira, an AkzoNobel rival, has purchased the Paper Chemicals business, part of the company’s Pulp and Performance Chemicals business, which generated annual revenue of €243 million in 2013. Most of its sales came from packaging board grade chemicals.

Kemira said on July 8 it would buy AkzoNobel's Paper Chemicals business for €153 million. Kemira is a global chemicals company serving customers in water-intensive industries.

AkzoNobel's decision to sell follows "a strategic review of the business' fit within AkzoNobel’s portfolio," the coatings and chemical company said in a press release.

"We have concluded that our Paper Chemicals business will have a better fit with another owner, allowing us to focus on our strong chemical platforms," said Werner Fuhrmann, AkzoNobel's Executive Committee member responsible for Specialty Chemicals.

KemiraPaper
Kemira

Kemira president and CEO Jari Rosendal called AkzoNobel's paper chemicals "a great fit" with significant potential for his company.

"The Pulp and Performance Chemicals business will continue to focus on global leadership positions in pulp bleaching, colloidal silica and expandable microspheres."

Kemira will use the sale to expand its growth in Asia-Pacific. "AkzoNobel's paper chemicals are a great fit for Kemira, and we expect to achieve significant technological and financial business synergies," said Jari Rosendal, Kemira's President and CEO.

AkzoNobel CEO Ton Büchner called Kemira "a well-established player in this market," adding, "with the sale of our Paper Chemicals business, we are following through with our strategy to focus on leading positions.

 

   

Tagged categories: Acquisitions; AkzoNobel

Comment Join the Conversation:

Sign in to our community to add your comments.

BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


Sherwin-Williams
Sherwin-Williams Protective & Marine Coatings

With 4,000 distribution points and 3,700+ years of experience, Sherwin-Williams delivers the products, support and expertise you need, right where you need it.


Mitsubishi Gas Chemical America
Performance Amine 1,3-BAC

A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.


Jessup Manufacturing Company
More Traction for Extreme Marine Conditions

Jessup Safety Track® 3800 Military Grade peel-and-stick non-skid tapes and treads provide extra slip resistance for decks. MIL-PRF-24467C Type XI, Black & Gray.


Clemco Industries Corp.
Global engineering-trusted solutions

For more than 70 years, Clemco has provided the highest quality blast equipment with a total commitment to comfort and safety.


WINOA Group
Steel Abrasives :Think Premium

The Premium series is the perfect mix of high-quality products and related technical services provided by skilled experts. Visit us during the GIFA (Hall15 - D14).


Carboline Company
Fireproofing Solutions

Pyroclad® X1 Thermo-Lag® Pyrocrete® – protecting against hydrocarbon and jet fires, explosions, and cryogenic spills.


Polyval Coatings
Polyflex® Polyurea Linings

Polyflex™ new Polyurea Geotextile Membrane System has been specifically engineered to protect the environment in containment applications.
www.polyflexlinings.com


NLB Corporation
MiniARM automates surface prep

NLB’s Mini ARM lets an operator control high-pressure water jets remotely, with fast tool changes for different jobs. It maximizes protection and productivity.


HoldTight Solutions Inc.
NO FLASH RUST -
NO CONTAMINANTS

Our HoldTight®102 salt remover & flash rust preventer prevents flash
rust by removing surface contaminants. It has no equal; only wannabees.
Contact us for your
nearest distributor.
(800) 319.8802 sales@holdtight.com

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com