AkzoNobel to Build € 30 Million
Performance Coatings Facility in Thailand
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 120,000m2 site
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 as 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 prog-
ress with our regional business expansion
strategy,” explained AB Ghosh, managing
director of AkzoNobel’s Metal Coatings
business. “A number of existing opera-
tions will be consolidated into the new
site, allowing us to achieve world class
operational standards.”
Added Conrad Keijzer, AkzoNobel’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 sup-
plier, 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 con-
tinue to rise, the new site will enable us to
better serve our customers whenever and
wherever they need our products.”
Troy Acquires Industrial
Biocides Business from
Ashland
Troy Corporation recently signed a defin-
itive agreement to acquire the industrial
biocides business from Ashland Inc. The
transaction is expected to close within
60 days, contingent on standard closing
conditions and completion of required
employee information and consultation
processes, the company stated. Financial
terms were not disclosed.
Ashland Specialty Ingredients’ in-
dustrial biocides business was formerly
owned and operated by ISP, Inc., and
includes the Fungitrol brand of dry-film
preservatives and Nuosept brands, which
are supplied to the paint and coatings
industry, as well as allied markets. The
company’s Consumer Specialties business
unit, which includes preservatives for the
personal care market, is not part of the
agreement with Troy.
“Troy prides itself on innovation
and premium service to its customers,”
said W. Brian Smith, vice president, Troy
Corporation. “With the addition of
Ashland’s industrial biocides business,
Troy’s premier portfolio of preservatives
will be enhanced, delivering even more
value, performance, and sustainability to
the marketplaces served.”
Troy Corporation develops and
manufactures specialty materials that
enhance the properties and performance
of its customers’ products and processes, and states it is committed to helping
manufacturers meet global requirements for compliance and sustainability. Troy is headquartered in Florham
Park, New Jersey with sales offices
throughout the U.S., Canada, Europe,
Asia and Latin America. Troy materials
are used and available in more than 100
countries worldwide. CW
Index to Companies
This index gives the starting page for a department or feature with a significant reference to a manufacturer of paint, coatings, adhesives and sealants
Subsidiaries are indexed under their own names.
AkzoNobel.................................................................................................. 8, 10
Axalta .................................................................................................. 10, 25, 50
BASF ............................................................................................................... 10
Behr ................................................................................................................ 21
Benjamin Moore ............................................................................................. 21
DAP ................................................................................................................ 38
Hempel ..................................................................................................... 21, 25
Masco ............................................................................................................. 10
PPG ..................................................................................................... 10, 21, 25
Sherwin-Williams ............................................................................................ 25
Valspar...................................................................................................... 10, 25
Zircotec........................................................................................................... 10
