Dutch AkzoNobel adds new capacity for water-based texture paints in China
SINGAPORE (ICIS)–AkzoNobel has invested in a new production line for water-based texture paints at its Songjiang site in Shanghai, China, the Dutch firm said on Thursday.
The new facility will produce the company’s Dulux products for various markets, such as interior decoration, architecture and leisure, the company said in a statement.
Financial and capacity details of the investment were not disclosed.
The site is one of four water-based decorative paints plants in China and among the company’s largest globally, the company said.
“The coatings industry in China is expected to continue expanding, largely driven by the country’s increasing focus on energy conservation and emission reduction. The production of low VOC, water-based paints will therefore need to keep expanding to meet the demand,” it said.
AkzoNobel has invested nearly €7.5m in the Songjiang site since the start of 2021.