AkzoNobel expands coatings plant in Indonesia
Netherlands-based AkzoNobel has completed the first phase expansion of its performance coatings plant in Cikarang, Indonesia.
Carried out with an investment of €2.5m, the expansion will increase the plant's production capacity by 40%, as well as meeting the growing demand for its products from petrochemical and power sectors.
AkzoNobel's Protective Coatings managing director Mauricio Bannwart said: "This investment is a testament to our commitment to Indonesia, which continues to improve its position as an emerging market.
"We have installed state-of-the-art, automated equipment at Cikarang, which will significantly improve product quality, safety and sustainability standards."
In February last year, AkzoNobel Performance Coatings has invested €2.5m to expand capacity at its Cikarang plant.
The expansion has helped the company in meeting the growing demand for its coating products, which are supplied by the Protective Coatings and Marine Coatings businesses.
AkzoNobel's Marine Coatings managing director Oscar Wezenbeek said: "We are excited about the fast-growing domestic market opportunity in Indonesia.
"The country has great maritime potential, with a 54,720km coastline, inclusive government policy and an opportunity to build a robust shipbuilding industry."
AkzoNobel is a global paints and coatings company and was first established in Indonesia in 1971. Since then the company strengthened its position in the country by becoming the largest paints and coatings producer.
The company has three manufacturing facilities, that produces decorative as well as performance coatings. It has a workforce of 1,000 people in Indonesia, while its business is spread across 80 countries.
Image:AkzoNobel has completed the first phase expansion of its performance coatings plant in Cikarang, Indonesia. Photo: Courtesy Akzo Nobel NV.