media release Akzo Nobel Opens New Powder Coatings Facility In Vietnam March 20, 2003 Press Release - Akzo Nobel has announced the official opening of its new powder coatings factory in Vietnam’s commercial center, Ho Chi Minh City. ® powder coatings and is the company’s 12th Powder Coatings site in the Asia Pacific region. "This opening in Vietnam is another important landmark in our sustained efforts to build the geographic spread of our Powder Coatings business,” said Rudy van der Meer, Member of the Akzo Nobel Board of Management responsible for Coatings. “It represents the latest in a series of strategic investments by the Coatings group in the Asia Pacific region. It also strengthens our leadership position in the Asian powder coatings market, which was boosted last year by the acquisition of the powder coatings business of Ferro Corporation in Asia Pacific and the Americas.” "It has always been our strategy to have a significant presence in every region and in every market segment, so that we may best serve our global powder customers – wherever they operate,” added Bill McPherson, General Manager of Akzo Nobel Powder Coatings. "Since we commissioned the plant we have successfully transferred business to Vietnam which had previously been serviced from our other factories in the region. We are now servicing our customers on a local level with the full range of our products.” The factory is located on a 10,000 m2 site and currently employs a total of 80 people.