AMSTERDAM - Customers in western Russia are to benefit from local production of AkzoNobel's International brand marine and protective coatings. The new capacity is being added to the company's existing Performance Coatings site in Lipetsk, southwest of Moscow, and is expected to be operational in the third quarter of 2016.
The expansion will enable AkzoNobel to supply protective coatings for the regional oil and gas, mining, power, and infrastructure markets, as well as marine coatings for ship building, maintenance and repair.
The investment represents a further expansion for the multi-business site at Lipetsk, where production of coil coatings was also recently increased.
Report Abusive Comment