AMSTERDAM: Holland chemical corporation AkzoNobel seeks further expansion in China with its new plant in Chengdu, capital city of China’s southwestern Sichuan Province, starting operation today.
The plant is AkzoNobel’s fourth production site in China, which will mainly provide decorative painting and powder coating products to architectural markets across Sichuan Province and nearby areas. The firm hopes to further explore the potentials in China’s western areas amidst the country’s urbanization process.
“Last year, mid and western China generated a quarter of our total sales in this country,” Ruud Joosten, executive committee member of AkzoNobel told Shanghai Daily. “Newly bulit constructions grow at around 30 percent annually in these areas, which boosts demand of our products.”
The corporation co-invested 40 million euros (US$45.6 million) with Swire Group for this project in Sichuan, in which AkzoNobel holding 70 percent of stocks.
The new site will have a yearly capacity of 50 million liters of paint.
