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August 20, 2014
AkzoNobel breaks ground on decorative paints plant in China
AkzoNobel N.V. (Amsterdam, the Netherlands; www.akzonobel.com) today broke ground on its new decorative paints site in Chengdu, Sichuan Province, China. The facility is part of an investment in excess of €50 million to build manufacturing facilities for both powder coatings and decorative paints.
Located in Qionglai Yang'an Industrial Park, the new site -- the company's fourth plant for decorative paints in China -- occupies an area of 55,000 square meters. The first phase is scheduled to be opened in 2016, with full operations expected by 2017.
Offering around 100 employment opportunities to the local market, the new site will comply with the company's highest sustainability and HSE&S standards. Due to be equipped with state-of-the-art production facilities, it will manufacture the full range of AkzoNobel's Decorative Paint offerings and market them in China.
In addition to building the new plant, the company is also donating RMB 1.5 million to help fund the creation of ten "Adream Centers" in Qionglai. These centers are designed to improve the quality of education for children - one of the key focus areas of AkzoNobel's Human Cities initiative, which was launched in June.