AMSTERDAM, NETHERLANDS: AkzoNobel NV has opened a new performance coatings production facility in Chonburi, Thailand. With an investment of €31 million, the company expands its footprint with this ninth production site in the South East Asia region.
The new site will help the company to better serve the customers and reflects AkzoNobel’s continued commitment to the region.
Moreover, the new Chonburi site follows AkzoNobel’s sustainability vision: the plant uses state-of-the-art technology pioneered in US and Europe that will maximise operational efficiency and minimise waste generation. It also adds to AkzoNobel’s organic growth momentum and provides a continuously sustainable footprint.
The new Chonburi site supplies a number of businesses within AkzoNobel and supports the growth and improved customer service for several performance coatings’ businesses, as well as decorative paints.
The performance coatings businesses supported include metal, protective, speciality and marine coatings. The site also provides possible future expansion opportunities for powder coatings.
This site currently employs about 100 people, and that number is expected to grow to 200 employees.
“This new facility highlights our continued focus on adapting to market needs in order to better serve our customers with essential colour and protection. It also plays a key role in driving organic growth for the performance coatings business. The large size of the new site and the already established infrastructure enables later-phase investments for expansion. The Chonburi site will then provide opportunities for possible future expansion and growth in the region,” said Bill Collins, corporate director of AkzoNobel performance coatings business.
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