In a bid to meet growing demand, AkzoNobel Performance Coatings is planning to invest EUR 2.5 million to expand its plant in Cikarang, Indonesia.
"The local market has been expanding over the last three years," said, Mauricio Bannwart, Managing Director, AkzoNobel Protective Coatings business.
The plant expansion project is expected to be completed by April 2015.
"Our business in Asia has experienced double-digit annual growth during the last five years. These expansions will ensure that we are well positioned to meet customer demand going forward. By focusing our investment at key sites we are achieving economies of scale, allowing us to continuously improve our operational productivity," said, Conrad Keijzer, Executive Committee member, AkzoNobel Performance Coatings.
