AMSTERDAM, The Netherlands, June 21, 2018 (Press Release) -Today AkzoNobel Specialty Chemicals celebrates the 10th anniversary of its Ningbo site in China. Since it was inaugurated, the site has grown to be the company's largest site in China, employing more than 500 people.
"The development of Ningbo has been an incredible journey and we thank our employees, our business partners, specifically our customers, and the different Ningbo authorities for their trust and continued support," said Egbert Henstra, Executive Committee Member responsible for the China region, speaking at a celebratory event in Ningbo. "The site has expanded at a rapid pace, whilst its performance in terms of production as well as safety and sustainability continue to be top of the line. Ningbo is a key element of our growth strategy in the region, and it continues to have a bright future, with more investments under way."
The city of Ningbo - located some 200 kilometers south of Shanghai - serves as the economic center for the southern Yangtze River Delta and its port is among the busiest in the world. Covering an area of 50 hectares, the Ningo site houses six manufacturing plants that produce essencial chemicals such as chelates, ethylene amines, cellulosic derivatives, organic peroxides, and surfactants. Currently an expansion is underway to increase the dicumyl peroxide (DCP) plant's capacity to 38,000 tons per year by 2019.
AkzoNobel Specialty Chemicals started investing in production in China in the early 1990s. Currently the company employs 1300 people and operates manufacturing facilities at eight locations in China, representing all business activities.
"China is a key market for our company and the Ningbo site plays a pivotal role in achieving our growth targets," said Werner Fuhrmann, CEO of AkzoNobel Specialty Chemicals. "We are committed to growing with our customers and will continue to invest in further strengthening our footprint and market positions in the region."
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.