Thailand: Performance Coatings Akzo Nobel Opens Performance Coatings Plant in Thailand
Akzo Nobel has opened a new Performance Coatings production facility in Chonburi, Thailand. The company invested $ 31 million in this ninth production site in South East Asia.
Ibbenbühren/Germany — The manufacturer announced that they are responding to current and expected production needs for Thailand and South East Asia region. Commenting on the opening, Bill Collins, Corporate Director of Akzo Nobel Performance Coatings business, said: "This new facility highlights our continued focus on adapting to market needs in order to better serve our customers with essential color and protection. It will also play a key role in driving organic growth for the Performance Coatings business. The large size of the new site and the already established infrastructure enables later-phase investments for expansion. The Chonburi site will then provide opportunities for possible future expansion and growth in the region."
The plant uses state-of-the art technology pioneered in the US and Europe that would maximize operational efficiency and minimize waste generation, Akzo Nobel claims. It would also add to the company's organic growth momentum and would provide a continuous sustainable footprint.
The Performance Coatings businesses supported by the new site include Metal, Protective, Specialty and Marine Coatings. The facility also provides possible future expansion opportunities for Powder Coatings. Chonburi currently employs about 100 people, and that number is expected to grow to 200 employees.