New Chinese Site Consolidates Akzo Nobel's Presence in Powder Coatings
“China’s powder coatings market is the world’s largest and continues to enjoy
double-digit growth,” explained Powder Coatings General Manager Rob Molenaar.
“Akzo Nobel has already stated its aim of growing the company’s total sales in
China to U.S. $1 billion by 2010, and this new investment is an integral part
of that strategy.”
The new Chengdu plant is located in a part
of the country where markets have grown strongly in recent years, reflecting
the Chinese central government’s policy of encouraging investment in
less-developed areas, away from the prosperous eastern and southern coastal
provinces.