AkzoNobel to expand Indonesia coatings capacity
AkzoNobel Performance Coatings plans to invest €2.5 million
to expand its plant in Cikarang, Indonesia, the company announced Monday.
The investment will add capacity to help meet growing demand
for the company's International brand products, which are supplied by the
Protective Coatings and Marine Coatings businesses. The project is expected to
be completed by April 2015.
“The local market has been expanding over the last three
years,” said Mauricio Bannwart, managing director of AkzoNobel's protective coatings
business.
“Further growth is now anticipated as Indonesia seeks to
improve its position in the petrochemical and power sectors, while an
improvement in marine new build is also anticipated,” he added.
News of the expansion comes after AkzoNobel recently
invested a total of €5 million to add capacity for both its Marine Coatings and
Protective Coatings businesses in Singapore and Sunshine, Australia.
“Our business in Asia has experienced double-digit annual
growth during the last five years,” said Conrad Keijzer, the company's executive
committee member responsible for performance coatings.
“These expansions will ensure that we are well positioned to
meet customer demand going forward,” he added. “By focusing our investment at
key sites we are achieving economies of scale, allowing us to continuously
improve our operational productivity.”
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