AkzoNobel recently announced it has entered into a partnership in China with Guangxi CAVA Titanium Industry Co. Ltd. for the production and supply of titanium dioxide (TiO2), a raw material used in coatings. The collaboration, which includes the construction of a new TiO2 plant in Qinzhou, will reportedly help to secure AkzoNobel’s growing titanium dioxide raw material needs for the Asian market. Rapid growth is expected within the global coatings market; most of this demand growth will occur in Asia, especially China. As a result, the regional demand for TiO2 will also rise.
“By entering into this partnership with CAVA, we will enhance security of supply in Asia for a critical raw material,” said Werner Fuhrmann, AkzoNobel executive committee member responsible for supply chain and sourcing.
For more information, visit www.akzonobel.com