30 August 2013 07:48 [Source: ICIS news]
SINGAPORE (ICIS)--AkzoNobel is planning to phase out the production of organic peroxides at its site in Deventer, the Netherlands, by the end of 2016, the paints and coatings major said on Friday.
The production activities currently carried out in Deventer will be moved to other existing production facilities in Europe, North America, and China over the next three years, the company said in a statement.
The company’s regional research and development and technology centre at the Deventer site will remain in full operation, it said.
"Global demand patterns for organic peroxides are trending away from mature markets in Europe and becoming increasingly concentrated in Asia and North America," said Werner Fuhrmann, AkzoNobel’s executive committee member responsible for its specialty chemicals business.
"The organic peroxides market also faces over-capacity," Fuhrmann added.
The production facility on the Deventer site is one of 11 organic peroxide production plants operated globally by AkzoNobel.
The firm’s plans to stop production in Deventer will impact about 215 employees at the site.
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