AkzoNobel Performance Coatings adds capacity in Indonesia

18-Feb-2015 - Indonesia
AkzoNobel Performance coatings has announced plans to invest €2.5 million to expand its plant in Cikarang, Indonesia. The investment will add capacity to help meet growing demand for the company's International brand products, which are supplied by the Protective Coatings and Marine Coatings businesses. The project is expected to be completed by April 2015.
"The local market has been expanding over the last three years," explained Mauricio Bannwart, Managing Director of AkzoNobel's Protective Coatings business. "Further growth is now anticipated as Indonesia seeks to improve its position in the petrochemical and power sectors, while an improvement in marine new build is also anticipated."

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