AkzoNobel investing €30 million to meet demand for Expancel
08-Apr-2011
- Netherlands
AkzoNobel is boosting capacity in Sweden for its Expancel expandable microspheres in order to meet growing global demand. Used as a blowing agent or lightweight filler, the Expancel product line is continuing to evolve and find new applications in markets such as thermoplastics, printing inks, coatings and paper and board.
The extra capacity - due to come on stream in early 2012 - will be added at the company's site in Stockvik. Part of the investment will also be used to further improve eco-efficiency at the facility and to implement several additional upgrades.
"This is a significant investment in organic growth which underlines our commitment to seize opportunities in established markets and contribute to the company's accelerated growth agenda," explained Rob Frohn, the AkzoNobel Executive Committee member responsible for Specialty Chemicals. "We are the leading provider of expandable microsphere solutions worldwide and improving our scale and capability will ensure that we increase our capacity to supply customers worldwide with our innovative products."
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