Akzo Nobel Says New China Office Marks Next Step in Expansion Program
ARNHEM, The Netherlands - Akzo Nobel announced the establishment of a regional headquarters office in Shanghai in a move the company said marks a major milestone in its ongoing program of expansion in China.
CEO Hans Wijers said Akzo Nobel has doubled its sales in China in the last five years, to $484 million in 2003, "and our ambition is to repeat that." Akzo Nobel said that over a 10-year period, its operations in China expanded from the importing of products through five sales-representative offices to an extensive network of manufacturing and business facilities and offices.