Akzo Nobel Assumes Ownership of Venture Unit
The venture business, formed with CCC in 1998, operates manufacturing plants in Des Plaines, IL, Italy and India, and produces non-stick powder and liquid decorative coatings for cookware, bakeware, and the automotive and aerospace markets. The products contain fluoropolymers or silicone and provide release and heat-resistance properties.
Akzo Nobel said complete ownership of the venture will allow it to expand the business worldwide. The company said it plans to begin manufacturing non-stick coatings products within the next year in China and South America.