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, visitwww.akzonobel.com.
AkzoNobel Forms Partnership for TiO2 Supply in China
June 14, 2011