AkzoNobel Announces €20 Million Investment in France
Image courtesy of AkzoNobel.
AkzoNobel recently announced plans to invest €20 to increase and improve production at two of its sites in France. The company reports that approximately 30 new jobs will be created.
A total of €15 million will be spent on the company’s aerospace coatings facility in Pamiers. Production capacity is being boosted by 50%, while the funds will also be used to reduce environmental impact and improve safety processes and working conditions. The other €5 million will be spent on improving production flexibility at the decorative paints site in Montataire, which is reportedly one of the company’s most important manufacturing locations for wall paints in Europe.
“These investments underline our growth ambitions and confirm our commitment to supporting economic development in France,” said AkzoNobel CEO, Thierry Vanlancker. “The Pamiers project in particular demonstrates how we’re contributing to a more sustainable aerospace industry by increasing the supply of high-performance products that are more respectful of the environment.”
The plans for Pamiers include the construction of two extensions, one for storage and one for cleaning and waste treatment. The project will also allow the company to relocate the production of exterior polyurethane paints for aircraft widely used in Europe from its Waukegan plant in the United States.
Building work is expected to start by the end of 2023, with the new installations at both locations due to be operational in early 2025.
Learn more at www.akzonobel.com.
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