Akzo Nobel N.V. to Invest into Plant in Sweden
CHEMMONITOR.COM – Akzo Nobel N.V., the world’s leading paints and performance coatings manufacturer, plans to invest in its Stockvik plant, located outside Sundsvall (Sweden). The EUR20 mln investment will raise the plant’s production capacity of expandable microspheres.
The investment is likely to be completed by late 2018. Akzo Nobel N.V. predicts a significant rise in demand for expandable microspheres. The capacity expansion is expected to secure the company’s ability to cater to various customers. Expandable microspheres find their application in cars, food packaging, paints and other products.