A sensory innovation translates 70 colors into tactile and auditory experiences, expanding accessibility for blind and low-vision users through Cromopoems.
AkzoNobel’s new Nilai facility will accelerate regional innovation in sustainable decorative paints, with advanced labs and robotic testing capabilities.
The company opened a 25-acre site, which has facilities for making decorative paint, wood finishes, automotive and specialty coatings, coil coatings, and protective coatings.
The report from Global Market Insights attributes the increase in the market to demand for enhancing the visual appeal of surfaces across various industries, from construction to automotive, and beyond.
The acquisition will further boost the company’s position in China and will allow further market segmentation and reinforce its position outside of the premium segment.
The intended acquisition follows a series of recent acquisitions by AkzoNobel across paints and coatings over the last years. Completion, which is subject to regulatory approvals, is expected in the second half of 2023.