AkzoNobel Invests in European Production Sites
Last week, global coatings company AkzoNobel announced that it would be investing 20 million euros ($20.1 million) to improve production at two of its sites in France. As a result, the company reports that about 30 new jobs will be created.
AkzoNobel reports that 15 million euros will be used at the company’s aerospace coatings facility in Pamiers, which was taken over following the Mapaero acquisition in 2019. This portion of the investment will be used to construct two extensions, one for storage and one for cleaning and waste treatment.
The expansion is expected to boost capacity by 50%. Funds at the site in Pamiers will also be used to reduce environmental impact and improve safety processes and working conditions by relocating the production of exterior polyurethane paints, among other efforts.
The remaining five million euros will be spent on improving production flexibility at the decorative paints site in Montataire, which is reported to be one of the company’s most important manufacturing locations for wall paints in Europe.
“These investments underline our growth ambitions and confirm our commitment to supporting economic development in France,” said AkzoNobel CEO, Thierry Vanlancker. “The Pamiers project in particular demonstrates how we’re contributing to a more sustainable aerospace industry by increasing the supply of high-performance products that are more respectful of the environment.”
Building work is expected to start by the end of 2023, with the new installations at both locations due to be operational in early 2025.
AkzoNobel reportedly employs nearly 1,500 people in France and operates four production facilities, in Montataire (decorative paints), Dourdan (powder coatings), Limoges (adhesive markings) and Pamiers (aerospace coatings).