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AkzoNobel Expands Capacity in China
AkzoNobel recently announced a plant expansion for the manufacture of monochloroacetic acid (MCA) in China. The company's Taixing site now has a production capacity of 60,000 MT/year. MCA is a chemical intermediate which is widely used for the production of agrochemicals, carboxymethylcellulose (CMC), surfactants, and a variety of other applications.
The Taixing plant, now with more than double the original design capacity, is the latest AkzoNobel show of investing in high growth markets. Last year, the company inaugurated a Powder Coatings Technology Center in Ningbo, while in December, the new chelates facility located at the €275 million Ningbo multi-site became operational. The Ningbo site is due to be officially opened in November.
AkzoNobel employs more than 6,000 people in China and generates more than €1 billion annually in revenue.
Date Posted: April 30, 2010
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