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Tuesday, 24 September 2019
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Markets & companies, Coatings market

AkzoNobel to invest in Performance Coatings activities in Vietnam

Wednesday, 23 September 2015

AkzoNobel has announced plans to invest in its Performance Coatings business in Vietnam.

AkzoNobel's powder coatings facility in Dong Nai, Vietnam. Source: AkzoNobel

AkzoNobel's powder coatings facility in Dong Nai, Vietnam. Source: AkzoNobel

As well as doubling capacity at its powder coatings facility in Dong Nai, the company also intends to open a new office for Performance Coatings in Ho Chi Minh City.

20 percent increase in workforce

The new production line in Dong Nai will be ready in November and will be supported by a 20 percent increase in workforce. In addition to serving the local market, the expanded plant will also supply customers across Southeast Asia, India, Australia and New Zealand.

"Vietnam has proven to be strategic market for AkzoNobel in Southeast Asia and we are strongly committed to expanding our position," said Alan Alex, Business Manager for AkzoNobel's Powder Coatings business in Southern Asia. "With focused investment, we aim to sustain our high double-digit growth in the domestic market in Vietnam, as well as Southern Asia overall."

Emerging manufacturing base in Asia

Commenting on the investment, Conrad Keijzer, AkzoNobel's Executive Committee member responsible for Performance Coatings, added: "Vietnam is strongly emerging as a manufacturing base in Asia, which continues to be an attractive growth market. These investments ensure that we are well positioned to meet customer demand going forward."

AkzoNobel is the largest paints and coatings company in Vietnam, with four manufacturing locations producing both decorative paints and performance coatings, and employing more than 800 people.

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