AkzoNobel forms partnership in China to secure TiO2 supply for growing demand
06-Jun-2011
- China
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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