Akzo Nobel to Boost Stake in Powder-Coatings Venture
ARNHEM, The Netherlands - Akzo Nobel said it will boost its ownership stake in the South Korean powder-coatings company Interpon Powder Coatings (Korea) Co. Ltd. to 100%.
The business, based at Ansan-City, near Seoul, has been a 50-50 joint venture of Akzo Nobel and DPI Co. Ltd. of Korea, and was launched in 1985. Sales for the business in 2002 were KRW 24 billion, or 19 million euros.