Akzo Nobel has established a joint venture with Chang Cheng Securities to produce powder coatings in Vietnam. A 10,000-sq.-meter facility in Ho Chi Minh City will manufacture Akzo Nobel’s Interpon powder coatings. The facility will employ 40 people by 2002, according to Akzo Nobel.
“This investment in Vietnam is another building block in our strategy to keep growing our powder coatings business geographically,” said Rudy van der Meer, member of the Akzo Nobel board of management responsible for coatings. “This is an important move into what is one of the growing economies in the Asia-Pacific region. It follows on from our other recent start-up of a new powder coatings factory in Turkey, which opened earlier this year at a site in Izmir.”
Bill McPherson, general manager of Akzo Nobel’s new powder coatings business unit, added “We believe Vietnam will be an important powder coatings market over the coming years. We have been exporting to Vietnam from our other powder coatings factories in the region for a number of years. By the end of last year, our sales had grown to a level where local manufacturing had become economically viable, and we felt we should further boost service levels to our customers by manufacturing locally.”