Akzo Nobel Announces Powder Coatings Expansion in China; Beijing Manufacturing Plant for Pipe Powder Coatings - a "First" for the Region.Business Editors ARNHEM, the Netherlands--(BUSINESS WIRE)--Sept. 25, 2001 Akzo Nobel Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 62,000 people. (Nasdaq:AKZOY) (OMX OMX Office Max (stock symbol) :AKZO.) is investing in a new powder coatings plant in China to serve the growing market for steel pipe protection. The facility will be installed at its joint venture operation Akzo Nobel Chang Cheng Coatings (Beijing) Co. Ltd. and will manufacture Akzo Nobel's Resicoat(R) range of specialty fusion bonded epoxy (FBE FBE European Banking Federation FBE Faculty of the Built Environment (UNSW, Sydney Australia) FBE Fusion Bonded Epoxy (pipe coating) FBE Female Business Enterprise FBE Fleet Battle Experiment ) powders for anti-corrosion protection of steel pipes for the oil and gas industry. "This is the first investment in FBE manufacture in the region, anticipating the growing demand for pipeline protection as China invests heavily in its infra-structure," said Rudy van der Meer Van der Meer is a Dutch surname that simply means the phrase 'from the lake' in English. Many years ago, descendants would have lived from a lake in the Netherlands which is how the name first originated. , Member of the Akzo Nobel Board of Management responsible for Coatings. "The move reflects our strategy to focus on expanding in growth areas, and will put us into an excellent position to serve the Chinese market." Bill McPherson, General Manager of Akzo Nobel's Powder Coatings business unit, said: "We have been present in the powder coatings market in China for over 10 years serving almost all the market segments. This next step will position us in all segments. It remains our global strategy to have a significant presence in every region and in every market segment, so that we may best serve our powder customers - whether they are local, regional or global. This is an important step in that process." Ron Koel Ko´el n. 1. (Zool.) Any one of several species of cuckoos of the genus Eudynamys, found in India, the East Indies, and Australia. They deposit their eggs in the nests of other birds. , Global Market Manager for Functional Powder Coatings added: "We estimate the global market for pipeline powders to be USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 120 million - and China represents an increasing share, currently about 20%. Our Resicoat technology has proven itself worldwide in many projects. By bringing part of our production to the fastest growing market in this segment, we make sure of servicing our customers in both the most flexible and most efficient way." One of the largest forthcoming projects in China will be the West-East pipeline. In addition, the Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
A specialist team from the Resicoat technical and marketing center in Reutlingen, Germany, will assist in setting up the operations. Production is planned to start in the last quarter of this year. The move follows the completion of a restructuring in Asia whereby the various joint venture companies of Akzo Nobel in Taiwan and China have been consolidated into a single JV with Chang Cheng Chemicals. It was announced on June 28 that plans had been approved for a new powder coatings manufacturing facility in Vietnam, due to open early 2002. Note for the Editor Akzo Nobel, based in the Netherlands, serves customers throughout the world with healthcare products, coatings and chemicals. Consolidated sales for 2000 totaled EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 14 billion (USD 13 billion, GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 8.5 billion). The Company currently employs 67,500 people in more than 75 countries. Financial results for the third quarter of 2001 will be published on October 24, 2001. Akzo Nobel is the largest global manufacturer of powder coatings and is world leader in powder technology, with worldwide patents held in key areas of powder product and process technology. One example is the unique "Interpon Extra" programme, which uses patented Particle Management Technology to cut applied-costs and deliver significant quality benefits to powder users across a wide range of end uses worldwide. Its Resicoat brand of specialist Fusion Bonded Epoxy (FBE) powders have a 25 year global track record of providing anti-corrosion protection to steel pipes for the oil, gas, chemical and petro-chemical industries, valves & fittings for the water industries and to reinforcing bar ("rebar re·bar n. 1. A rod or bar used for reinforcement in concrete or asphalt pourings. 2. A group of such rods forming a grid. [re(inforcing) bar.] ") used in concrete construction. Furthermore Resicoat has an entire range of powders providing solutions for the electrical insulation Electrical insulation A nonconducting material that provides electric isolation of two parts at different voltages. To accomplish this, an insulator must meet two primary requirements: it must have an electrical resistivity and a dielectric strength of motors (low and high voltage area), electrical components and bus-bar. Akzo Nobel is market leader in powder coatings in the Asia Pacific region with factories sited in India (Bangalore), Malaysia (Johor), Indonesia (Jakarta), Taiwan (Taipei), China (Shenzhen, Beijing and Suzhou), Korea (Seoul) and Australia (Melbourne). A new facility is under construction in Vietnam (Ho Chi Minh City Ho Chi Minh City, formerly Saigon, city (1997 pop. 5,250,000), on the right bank of the Saigon River, a tributary of the Dong Nai, Vietnam. ) which will open early in 2002. Internet: -- http://www.akzonobel.com -- http://www.interpon.com -- http://www.resicoat.com Note to Editors: This information was brought to you by Waymaker http://www.waymaker.net. The following files are available for download: http://www.waymaker.net/bitonline/2001/09/25/20010925BIT00090/bit0001.doc http://www.waymaker.net/bitonline/2001/09/25/20010925BIT00090/bit0001.pdf |
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