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2007-04-28 News Release
Akzo Nobel Invests in Chinese Chemicals Plants Akzo Nobel confirms investments of EUR 250 million in building new multi-site chemicals plants located in in Ningbo, China.
As announced last October, a
50 hectare plot has been reserved within the Ningbo Chemical Industry
Zone (NCIZ) and the two new facilities—for the manufacture of ethylene
amines and chelating agents—will be the first to be constructed
on what will be one of the biggest chemicals sites for the company’s
activities in the world. Work will begin once the relevant approvals have
been obtained from the Chinese authorities. Continued Darner: “China is an extremely important market for us and we are having to respond to growing demand for our products. We plan to make further investments in grassroots chemicals production facilities in Ningbo at the appropriate time.”
Both plants—which will create several hundred new jobs—will utilize state-of-the-art technology and will meet high, self-imposed standards for eco-efficiency. The chelating agents plant is expected to start up in 2009, followed by the ethylene amines factory in early 2010. “We are planning to build two world scale production facilities for both ethylene amines and chelates similar in size and scope to our existing plants in Europe and the United States,” added Jo Lennartz, General Manager of Akzo Nobel’s Functional Chemicals business. “We will also install the capacity to manufacture our own key raw materials. We have chosen Ningbo for these investments because its location just south of Shanghai and its excellent transport links will enable us to supply the growing needs of our customers in China and the entire Asia Pacific region.” Akzo Nobel currently operates two production sites in Ningbo (for Polymer Chemicals and Powder Coatings) and Darner points to the Coatings location in Suzhou, near Shanghai, as an example of how the company is already running a successful multi-site in China. “Our activities in Suzhou prove that the multi-site model can be highly efficient and extremely productive and we want to mirror this success in Ningbo. Investments such as the one we are announcing today emphasize Akzo Nobel’s commitment to organic growth in emerging markets and signal our intention to continue with our expansion plans.” Ethylene amines are chemicals intermediates used in a wide variety of industrial applications, such as agriculture, textiles, pharmaceuticals, plastics, cosmetics and detergents. The company’s chelating agents are used as intermediates or end products in a diverse range of applications to help enhance everyday human and animal well-being, such as micronutrients and food and beverage preservatives. They are also essential for photo and film processing, the bleaching of pulp and the manufacture of soaps and detergents. Leading brands include Dissolvine* and Ferrazone*. Akzo Nobel currently operates eight Chemicals production plants in China.
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