With this investment, AkzoNobel aims to increase its total production capacity to respond to global business partners' demands and strengthen its market position in Asia.
The major capacity expansion project for producing Powder Coatings and Water borne coatings for the Consumer Electronics market, includes five new lines for Powder, and one water-borne facility for Consumer Electrics
As well as increasing capacity, the total approx. €18.5 million ($20 million) expansion also sharpened the company’s focus on sustainable manufacturing in the Vietnamese market and in the region.
In the context of Vietnam's increasing appeal to manufacturing and global original equipment manufacturer (OEM) companies, AkzoNobel's expansion of its Powder Coatings and Consumer Electronics capacity through these new production lines will ensure that the products meet and exceed industry standards.
Jeff Jirak, managing director of AkzoNobel’s Powder Coatings said, "Vietnam is increasingly becoming a destination for global businesses. Investing in five additional modern production lines at the Bac Ninh site, the company anticipates providing better services and paving the way for a sustainable future, particularly in the northern part of Vietnam."
"Furthermore, by allowing the Dong Nai site to focus on supporting volume growth in the Southern region of Vietnam, AkzoNobel can optimise its manufacturing processes to meet the diverse needs of the Vietnamese market.”
This multi-business site has also improved the sustainability footprint of AkzoNobel in the region.
Maximilien Schréder, commercial director of the Global Consumer Electronics Coatings and Automotive & Refinish Coatings North Asia, AkzoNobel said, “Our newly commissioned production line allows us to offer our Vietnam-based consumer electronic customers the latest water-borne technology to support leading IT, Wireless, or home appliance OEM development plans."
"The innovative facilities at the Bac Ninh site demonstrate AkzoNobel's deep commitment to sustainability, as we’re always finding new and exciting ways to make our products more sustainable and longer lasting and help customers reduce VOC levels for coating systems. This investment is evidence of our confidence in Vietnam's potential and a strong signal of our continuous support for the region's development.”
The AkzoNobel plant at the Bac Ninh site was established in 2010, specialising in the production of Specialty Coatings, with the project to expand and increase production capacity,
AkzoNobel has built 2 new production lines for Powder coatings and Water-borne coatings. It serves as evidence of AkzoNobel's leadership in the paints and coatings industry, as well as its emphasis on developing sustainable solutions.
The new production facilities are focused on meeting high standards in sustainable production, supporting the company’s science-based target of halving its carbon emissions by 2030.
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