l Akzo Nobel has acquired the remaining 20% of its global non-stick coatings joint venture from Coatings and Chemicals Corporation (CCC). The business, which manufactures a complete range of liquid and powder non-stick coatings to the consumer, industrial, automotive and aerospace markets, was formed in 1998, according to Akzo Nobel.
“The non-stick business has shown impressive expansion in the last few years and we want to play a leading role in this attractive market segment,” said Rudy van der Meer, board member of Akzo Nobel responsible for Coatings. “Our decision to move away from a JV structure will support the future growth of this business.”
Akzo Nobel plans to expand the unit’s manufacturing base from its current locations in Des Plaines, IL, Fombio, Italy and Ahmedabad, India. “Within 12 months we will be manufacturing in both China and South America,” said Goran Jonsson, general manager of Akzo Nobel’s industrial coatings business