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Akzo Nobel NV: AkzoNobel to build €30 million Performance Coatings facility in Thailand

May 27, 2015

AkzoNobel has announced plans to invest more than €30 million in a
manufacturing facility in Thailand to support regional growth of its
Performance Coatings business.

The project, which is being supported by the Thailand Board of Investment,
involves constructing a 120,000m2site within the Hemaraj Eastern Seaboard
Industrial Estate in Chonburi. Earmarked for an initial capacity of 45,000
tons per year, production is due to start in the third quarter of 2016.

The new plant will support several Performance Coatings businesses, including
Metal Coatings, Protective Coatings, Specialty Coatings and Marine Coatings,
as well certain products from the company's Decorative Paints business.

"By investing in this new facility we are supporting our continued growth
within Thailand, as well as making progress with our regional business
expansion strategy," explained AB Ghosh, Managing Director of AkzoNobel's
Metal Coatings business. "A number of existing operations will be
consolidated into the new site, allowing us to achieve world class
operational standards."

Added Conrad Keijzer, the company's Executive Committee member responsible for
Performance Coatings: "Thailand is a key market for our growth strategy and
this investment will enable us to further strengthen our position as a
leading supplier, both within Thailand and as a hub to support the supply
network through the region."

"Our business in Asia has experienced strong growth during the last several
years," he went on. "As demand and volumes continue to rise, the new site
will enable us to better serve our customers whenever and wherever they need
our products."

AkzoNobel Thailand


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Akzo Nobel NV via Globenewswire


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