Akzo Nobel Announces Launch of Coatings Joint Venture in Indonesia
ARNHEM, The Netherlands - Akzo Nobel announced the launch of a decorative-coatings joint venture in Indonesia with PT Bina Propertindo Edikarya that will produce paints for the Indonesian market. Akzo Nobel will hold a 65% stake in the business, the company said.
Production for the new company will be based in Cikarang, where Akzo Nobel's Marine and Protective Coatings business unit operates manufacturing facilities.