AkzoNobel forms partnership in China to secure TiO2 supply for growing demand

06-Jun-2011 - China
AkzoNobel has entered into a partnership in China with Quangxi CAVA titanium Industry Co. Ltd. for the production and supply of titanium dioxide (TiO2), one of the most important raw materials in the production of paints and coatings.
The collaboration - which includes the construction of a new TiO2 plant in Qinzhou -   will help to secure AkzoNobel's growing titanium dioxide raw material needs for the Asian market. Financial details were not disclosed.
Rapid growth is expected within the global coatings and paints market and most of this demand growth will occur in Asia, especially China. As a result, the regional demand for TiO2 will also rise.
"By entering into this partnership with CAVA, we will enhance security of supply in Asia for a critical raw material," explained Werner Fuhrmann, AkzoNobel's Executive Committee member responsible for Supply Chain and Sourcing.

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