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AkzoNobel constructing production bases in both Ningbo City and Tianjin City

In October 2016, AkzoNobel started constructing 2 chemical plants in Ningbo City (Zhejiang Province), total investment expected to hit USD86.8 million. Meanwhile, the company announced an input of USD97.7 million into a new chemical base in Tianjin.

 

The production base in Ningbo comprises 1 alkoxy plant (for the supply of surfactant to agrochemical, clean, fibrin gel and feed businesses), and AkzoNobel’s largest organic peroxide plant in the world (for the supply of products used in the cross-linking of rubber). The latter is expected to solidify AkzoNobel’s position (= the largest organic peroxide manufacturer) in the world. 

 

Regarding the base in Tianjin, as a replacement for the old plant in this region, is targeted at supporting the polymer chemical business. Start-up at the end of 2016, it will be put into operation in H2 2018.

-ENDS-

NOTES TO EDITORS

 

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