AkzoNobel: modernizes production site in China
(CercleFinance.com) - The group announces the modernization of a production site in Suzhou, China, as part of a €14 million investment designed to accelerate growth and double the plant's capacity for marine and protective coatings by 2025.
Located in eastern China, the Suzhou plant has been a key hub for the supply of marine and protective coatings since 2008.
This investment will increase daily capacity by more than 40%. It is expected to be followed by upgrades to three additional lines, doubling overall capacity by the end of next year.
' Continued investment in Suzhou reaffirms our commitment to delivering the best solutions, quality and service to our customers', said Simon Parker, Director of AkzoNobel's Marine and Protective Coatings business.
' The strategic improvements we are making will also enable us to adapt more quickly to the dynamic Chinese market. '
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