The investment will fund numerous developments across the site, including the transition to automated production processes and plans to increase production capacity and storage space.
Friel will replace Angela A. Minas, who previously informed the company that she would resign from the board effective upon the appointment of her successor.
The latest initiative from AkzoNobel aims to help powder manufacturers and coaters to better manage and reduce the amount of energy they consume in order to tackle rising energy costs and meet future sustainability targets.
The recent report from Future Market Insights covers how coating additives manufacturers are capitalizing on expansion of the construction and architectural sectors.
Vietnam’s maritime industry has been declared a priority sector by the Vietnamese government and is on track to become one of the largest ship building and repair hubs in Asia.
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