New Chinese site consolidates Akzo Nobel's leadership in powder coatings
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Akzo Nobel Powder coatings has officially opened its fifth manufacturing plant in mainland China - the first to be located in the west of the country. According to the company, Akzo Nobel is already the biggest powder supplier in China and the new facility - situated in Chengdu, Sichuan province - shall further improve service to the strong architectural, general trade coater and functional markets.
"China's powder coatings market is the world's largest and continues to enjoy double digit growth," explained Powder Coatings General Manager Rob Molenaar. "Akzo Nobel has already stated its aim of growing the company's total sales in China to USD 1 billion by 2010 and this new investment is an integral part of that strategy."
Akzo Nobel already operates Chinese powder sites in Bao An (in the south), Ningbo and Suzhou (central China) and Langfang (in the north). The new Chengdu plant is located in a part of the country where markets have grown strongly in recent years, reflecting the Chinese central government's policy of encouraging investment in less developed areas, away from the prosperous eastern and southern coastal provinces.
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