AkzoNobel recently announced that its Specialty Chemicals business has broken ground on a new alkoxylation facility in Ningbo, China, bringing the company’s total investment in the strategic multi-site to more than €400 million (~ $445 million). The new facility reportedly creates a more sustainable footprint in the region and will enable the company to better serve its customers.
“Our investment in this new plant is further proof of our ongoing commitment to China, which is one of our most strategically important markets,” said Werner Fuhrmann, Executive Committee member responsible for Specialty Chemicals. “The new facility also gives added momentum to our organic growth ambitions, as well as enabling us to continue expanding our manufacturing footprint in Asia.”
For more information, visit www.akzonobel.com.