"We recently announced our medium-term value and values ambitions, which include achieving total revenue of €20 billion and doubling revenue in China," said AkzoNobel CEO Hans Wijers. "This inauguration underlines the fundamental role new investment will play in those growth ambitions and shows how committed we are to expanding organically in the exciting and vibrant Chinese market."
AkzoNobel currently employs approximately 6,500 people in China, with revenue for 2009 totaling €1 billion. The majority of revenue is generated from local demand. The company now has 27 manufacturing locations in China.