MOSCOW (MRC) -- AkzoNobel has announced plans to invest more than EUR20 million in its organic peroxide production facilities in Mons, Belgium, and Houston (Pasadena), Texas, in the US, as per the company's press release.
In Mons, the company is introducing new technologies to increase efficiency at the site, which will result in increased capacity. The investment is part of a plan to establish a modern, centralized hub which can serve AkzoNobel's broad base of European and global customers more efficiently and effectively.
In Houston, the company is implementing a new site-wide process control system which is expected to significantly improve capacity and operational efficiencies while positioning the site to meet the increasing demands of US customers. Embedding efficiencies in the Pasadena operations will help the company to enhance its competitive position in the region, as well as supporting the manufacturing growth of its customers in the US, specifically in the Gulf Coast area.
Werner Fuhrmann, AkzoNobel’s Executive Committee member responsible for Specialty Chemicals: "Our Organic Peroxides business is a reliable performer in AkzoNobel’s specialty chemicals portfolio. We have many leading market positions and a strong network of operations to meet the demands of a global marketplace. These targeted investments are focused on making gains in many areas, including operational efficiencies, which will help to strongly position our business for further growth in the polymer industry."
As MRC wrote before, in September 2014, AkzoNobel announced that it would establish a new organization for its Performance Coatings Business Area in order to drive leading performance.
Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational, active in the fields of decorative paints, performance coatings and specialty chemicals. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs approximately 55,000 people. AkzoNobel is the world’s leading producer of organic peroxides. The company's products are used by customers to manufacture polymers found in a wide range of applications, including plastic films, thermoplastics, natural and synthetic rubber, PVC used in pipes, and pharmaceutical products.