PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

PaintSquare


Coatings Industry News

Main News Page


AkzoNobel Adds, Subtracts in China

Wednesday, March 27, 2013

More items for Coating Materials
More items from Asia Pacific

Comment | More

AkzoNobel has announced plans to invest an additional €65 million ($84.4 million U.S.) in China, to boost capacity and “improve operational excellence” at its Surface Chemistry plants in Boxing and Ningbo.

At the same time, however, the paint, coatings and specialty chemical giant will exit one of its businesses in the country, laying off about 200 workers in Boxing.

More than half of the new investment will go into AkzoNobel's facility in Shandong province, which the company took over in the acquisition of Boxing Oleochemicals in January 2012.

AkzoNobelSurfaceChemistry
Photos: AkzoNobel

AkzoNobel's Surface Chemistry business manufactures products for paints, coatings, pigments, inks, polymers, resins and other applications.

The additional investment will be used to build a multipurpose reactor to expand local production capacity for amines and to "align HSE practices at the site with the rest of AkzoNobel," the company said.

In Ningbo, AkzoNobel will build a new alkoxylation unit, bringing the total investment at the multi-site close to €400 million ($518 million U.S.).

AkzoNobel's Surface Chemistry business manufactures products for paints, coatings, pigments, inks, polymers, resins and other applications.

Increasing Asian Demand

"There is increasing demand for our specialty surfactant products across Asia, and investing in Shandong province will ensure that we provide a strong local manufacturing operation in order to support our customers as they themselves continue to grow," said Werner Fuhrmann, AkzoNobel's Executive Committee member responsible for Specialty Chemicals.

"Ningbo also remains fundamental to our growth ambitions in the region and has a crucial role to play as we continue to expand."

BobMargevich

AkzoNobel will make improvements to health, safety and environmental conditions in its China plant, said Managing Director Bob Margevich.

The health, safety and environmental upgrades in Shandong are just as important, said Bob Margevich, managing director of AkzoNobel's Surface Chemistry business.

"It's also crucial that we maintain stringent HSE standards at all our sites, so we are taking all the necessary steps to ensure the best possible working environment for our employees." Margevich said.

No details on those improvements were released.

Layoffs Planned

As it invests in one end of its business, AkzoNobel will exit another. The company said it would shutter its merchant fatty acid business in Boxing, closing down two of three fatty acid plants and laying off about 200 employees at the site.

AkzoNobel's Surface Chemistry business is a global supplier of specialty surfactants, synthetic and bio-polymer additives, and specialty polymers. These products are used as formulation ingredients and process aids in many applications, ranging from home and personal care to asphalt road paving.

AkzoNobel currently employs more than 7,000 people in China, with 2012 revenue totaling €1.7 billion ($2.2 billion U.S.), most of it generated by local demand.

   

Tagged categories: AkzoNobel; Coatings raw materials manufacturers; Labor; Market share; Supply and demand

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Jotun Paints Inc.
 
Jotun Jotachar 1709
 
Mesh-free passive fire protection epoxy designed to protect against hydrocarbon pool fire scenarios for up to four hours as defined in the ANSI/UL1709 standard.
 

 
Sherwin-Williams
 
Sherwin-Williams General Polymers Resinous Flooring App
 
Our coatings and linings expertise available 24/7, allowing you to explore the Sherwin-Williams systems best suited for your flooring needs. Android Users Click here to Download the app today!
 

 
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.
 

 
Tarps manufacturing, Inc.
 
QUALITY MADE IN AMERICA —Available near you!
 
CLICK to get a behind-the-scenes look at how Tarps Manufacturing makes the highest-quality tarps right here in the USA — available nationwide.
 

 
PPG Protective and Marine Coatings Group
 
We Protect and Beautify the World
 
PPG is widely recognized as a world leader in protective and marine coatings, developing innovative, cutting-edge products and services.
 

 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
Carboline Company
 
New product: Carbozinc® 608 HB
 
Introducing a new high build zinc-rich primer that can save you time and money by eliminating the epoxy intermediate coat!
 

 
SABRE Autonomous Solutions
 
Productivity
 
Personnel are free to do other tasks while the ALPHA1 does the “dirty work”.
 

 
Clemco Industries Corp.
 
Maximum Dust Suppression Systems Start at $14,950
 
The system comprises proven technology and equipment with user-friendly flexibility in mind. See it in action.
 

 
Termarust Technologies
 
Termarust (HR CSA) Chemically Stops
Active Corrosion
 
Arch truss treated with Termarust's (HR CSA) in 2003. This steel arch bridge is rust free on all surfaces including the crevice corroded joints and connections.
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings 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