AMSTERDAM, The Netherlands, May 23, 2018 (Press Release) -AkzoNobel Specialty Chemicals has broken ground on a project to expand production capacity and upgrade its organic peroxides facility in Mahad, India. Organic peroxides are essential for the manufacture of a wide range of polymer-based products including athletic shoe soles, wind turbines and PVC pipes used in the construction industry.
The €4 million investment will increase capacity by 80 percent, and will provide a platform to meet growing demand from customers in India and the Middle East. In addition, a new waste water management system will make the process more environmentally sustainable. The expansion is expected to be completed by the end of 2018.
"This is the latest in a series of organic peroxide investments to better serve our customers by upgrading technologies and increasing production capacity," says Johan Landfors, Member of the Executive Committee responsible for Polymer Chemicals. "This expansion will allow us to build on our strong presence in numerous organic peroxide market segments, particularly in PVC, acrylics and thermoset resins."
Over the last three years, the Polymer Chemistry business has invested more than €100 million to better serve its customers in the polymer industry, upgrading technologies, increasing capacity, and repositioning its global manufacturing footprint at sites in Mexico, the Netherlands, Belgium, China, Italy, Brazil, and the US.
Werner Fuhrmann, CEO of AkzoNobel Specialty Chemicals, added that the latest project also demonstrates the company's commitment to the Indian market and supports the country's efforts to strengthen its manufacturing sector through increased investment from global organizations. The company is also investing in a monochloroacetic acid project in a joint arrangement with Atul in Gujarat, due to start production in 2019.
About AkzoNobel Specialty Chemicals
Industries worldwide rely on our essential chemistry in the manufacture of everyday products such as paper, plastics, building materials, and personal care items. Building on the dedication of our 9,500 employees and our shared commitment to safety, sustainability, and open innovation, we have established a world-class business and built strong partnerships with our customers. We operate in over 80 countries around the world and our portfolio of industry leading brands includes Eka, Dissolvine, Trigonox, and Berol.
AkzoNobel has a passion for paint. We're experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands - including Dulux, International, Sikkens and Interpon - is trusted by customers around the globe. Headquartered in the Netherlands, we operate in over 80 countries and employ around 35,000 talented people who are passionate about delivering the high performance products and services our customers expect. The sale of our Specialty Chemicals business is expected to be completed by the end of 2018.