AkzoNobel to build new €17m plant at Ningbo site in China
28 April 2010 13:17 [Source: ICIS news]
LONDON (ICIS news)--AkzoNobel is to build an additional plant worth €17m ($22m) at its Ningbo multi-site in China for its functional chemicals business, the Dutch coatings, paints and specialty chemical company said on Wednesday.
The project, part of AkzoNobel’s €275m investment at Ningbo, would further expand the company's growing organic peroxides activities and was expected to be operational in late 2011, it said.
Production of chelates has already started at the location, while new ethylene amines and ethylene oxide factories were also due to come on stream later this year.
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The formal inauguration of the 50-hectare site would take place in November this year, AkzoNobel said.
($1 = €0.76)
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