AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) is building a new €90 million state-of-the-art facility in the Nangang Chemical Park of the Binhai District in Tianjin, China. The announcement, made during an official signing ceremony with Chinese government officials in Tianjin, involves relocating the company’s existing Tianjin Polymer Chemistry plant.
The new site is being built in support of efforts by Chinese authorities to improve safety in the chemical industry, while providing improved manufacturing and quality processes to its customers. It will allow AkzoNobel to expand production units to match the increase in customer demand the company expects in the next five years. In addition, the new plant will utilize state-of-the-art technology that meets new and more stringent safety and environmental standards set forth by the Chinese government.
Construction of the new site will start towards the end of 2016 and is expected be operational in late 2018. To meet the anticipated demands of the customers in China, the plant will see capacity increases in all of its production units, including cold and ambient peroxides, thermoset peroxides and cross-linking peroxides. It is expected that the focus on safety, environmental compliance, cost efficiencies, modern technologies and economies of scale will result in market share growth in this important region.
AkzoNobel announces major investment in Tianjin
| By Scott Jenkins