Akzo Nobel N.V. (AKZOY: OTCQX International Premier) | AkzoNobel strengthens Middle East presence with new powder coatings facility


Amsterdam, Netherlands, Nov. 4, 2014 (GLOBE NEWSWIRE) — AkzoNobel has started operations at its new Powder Coatings plant in Dubai. The facility will significantly increase capacity for the company’s Interpon and Resicoat products.

The state-of-the art site is AkzoNobel’s sixth manufacturing plant in the Middle East and its 30th producing powder coatings around the world.

“This investment will further boost AkzoNobel’s position in the Middle East and strengthen our ability to serve the fast-growing regional powder coatings market,” said Conrad Keijzer, AkzoNobel’s Executive Committee member responsible for Performance Coatings.

The plant will target growing regional demand for decorative powder coatings – particularly from the architectural sector – as well as functional products used in the oil and gas and construction markets.

Commenting on the start of operations, Peter Tomlinson, Managing Director of AkzoNobel Middle East, said: “The new plant in Dubai underlines our commitment to the Middle East, where our aim is to continue to outgrow our competitors.”

AkzoNobel has been bolstering its operations in the region in recent years with a series of strategic investments. In 2013, the company acquired a 50 percent stake and management control in Sadolin Paints Oman, a manufacturer of decorative paints and performance coatings.

AkzoNobel is active in 15 countries in the Middle East, where the company employs more than 800 people.

AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well-known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 50,000 people around the world are committed to delivering leading products and technologies to meet the growing demands of our fast-changing world.

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News Release – AkzoNobel http://hugin.info/130660/R/1868072/656530.pdf


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