Akzo Nobel opens Coatings plant in Russia
Akzo Nobel's powder coatings business has officially opened its first production plant in Russia on a site which offers ample capacity for future expansion. The facility is situated in the industrial belt surrounding Moscow at Orekhovo-Zuevo. The EUR 13 million investment places the company at the heart of the Central and Eastern European market for industrial coatings, of which Russia has a 46 percent share.
"This plant is part of an ongoing expansion of our activities in key geographic regions," said Akzo Nobel CEO Hans Wijers. "We realized some time ago that local production was necessary in order to supply the service expected by our customers, and to keep up with rapidly growing demand. The beauty of this site is that two-thirds remains free for future development, which opens up further strategic opportunities for all our businesses."
Two production lines have been installed and are operating at the new facility, with another two scheduled to be up and running by mid-2008. Powder Coatings now operates 28 plants worldwide.
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