The investment, which represents an acceleration of the company’s Middle East growth plans, follows on from the recent acquisition of ICI and underlines the strategic importance of the region to the Powder Coatings business.
“As the world’s largest coatings company and the global leader in powder coatings we are committed to expanding in key markets around the world,” said Akzo Nobel CEO Hans Wijers. “This investment will therefore ensure that we further establish ourselves at the heart of an increasingly attractive region.”
Added Powder Coatings General Manager Rob Molenaar: “There is huge growth potential in the Middle East, particularly in the architectural sector, which accounts for around 60 percent of the area’s powder coatings market. We offer an extensive range of powder and liquid technologies and we are keen to utilize our scale and expertise in order to meet all the needs of our customers.”
Located in Jebel Ali, 35 kilometers south west of Dubai, the new site offers a full range of services and products, including color matching, rapid made-to-order products, and technical support.
Akzo Nobel Powder Coatings is the largest global manufacturer of powder coatings and a world leader in powder coatings technology. Powder coatings are used on everything from metal furniture and window frames, to radiators, pipes and cars and even wood and plastic.