AMSTERDAM - AkzoNobel has completed phase one of the €2.5 million expansion of its performance coatings plant in Cikarang, Indonesia.
The investment will increase capacity at the facility by 40 percent and will help the company meet growing domestic demand - driven by the petrochemical and power sectors - for its International brand of marine and protective coatings products.
Commenting on the expansion, Oscar Wezenbeek, Managing Director of AkzoNobel's Marine Coatings business, said, "We are excited about the fast-growing domestic market opportunity in Indonesia. The country has great maritime potential, with a 54,720 kilometer coastline, inclusive government policy and an opportunity to build a robust shipbuilding industry."
The company operates three manufacturing sites in Indonesia, supplying both decorative and performance coatings, employing more than 1,000 people.