AMSTERDAM – AkzoNobel announced plans to invest in the expansion of in-house resin manufacturing. The expansion is part of the company’s Grow & Deliver strategy. The scale-up program, which is already underway, will help build resilience against supply disruptions while reportedly making an important contribution to achieving the company’s financial and Scope 3 (upstream) carbon reduction ambitions.
“All of our businesses use resins, and while we produce a good proportion of what we need ourselves, commodity and other specialty resins need to be sourced from third parties,” said Michael Friede, AkzoNobel’s Chief Commercial Officer for Performance Coatings. “Further investing in our own resin capabilities will help us to secure sustainable business growth, as well as supporting our innovation pipeline and sustainability targets.”