"This investment in Vietnam is another building block in our strategy to keep growing our powder coatings business geographically,” said Rudy van der Meer, Member of the Akzo Nobel Board of Management responsible for Coatings. “This is an important move into what is one of the growing economies in the Asia Pacific region. It follows on from our other recent start-up of a new powder coatings factory in Turkey, which opened earlier this year at a site in Izmir.”
"We believe Vietnam will be an important powder coatings market over the coming years", added Bill McPherson, General Manager of the recently created Powder Coatings business unit. "Powder Coatings in general is forecast to continue as one of the fastest growing coatings sectors, as the technology is increasingly seen as the preferred solution in a world which is strongly focused on environmental issues.
"We have been exporting to Vietnam from our other powder coatings factories in the region for a number of years. By the end of last year, our sales had grown to a level where local manufacturing had become economically viable, and we felt we should further boost service levels to our customers by manufacturing locally.”
The factory will be built on a site of 10,000 sq metres and will employ 40 people by the end of next year.