Akzo Nobel Invests $ 22 Million in Mexico Expansion of Organic Peroxides Business
Akzo Nobel has strengthened its global manufacturing footprint for organic peroxides by completing a € 22 million expansion of its Los Reyes production facility in Mexico.
Los Reyes/Mexico — The new facility will produce Laurox brand organic peroxides, essential ingredients used in the production of plastics and rubber products. “Mexico is an important market for us and the Los Reyes site serves as an efficient platform to further develop our global leadership position in organic peroxides,” said Werner Fuhrmann, AkzoNobel Executive Committee member for Specialty Chemicals. “This is a strategic investment, which will enable us to better satisfy growing demand for our products.”
The opening was formally dedicated at a ceremony today by Akzo Nobel’s CFO, Maëlys Castella and Johan Landfors, Managing Director of the company’s Polymer Chemistry business. Landfors says: “We also have plans to continue investing in our North American plants over the next five years in order to better serve our key customers in the region and globally.”
The Los Reyes site has operated since 1970 and the facility has experienced substantial growth since then. Los Reyes is also the headquarters for Akzo Nobel’s Specialty Chemicals business in Mexico, employing more than 230 people. Overall, the company has more than 500 employees in Mexico across three production sites.