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| Akzo Nobel opens its first plant in Russia Akzo Nobel's Powder Coatings business has officially opened its first production plant in Russia on a site which offers ample capacity for future expansion. The facility is situated in the industrial belt surrounding Moscow at Orekhovo-Zuevo. The EUR 13 million investment places the company at the heart of the Central and Eastern European market for industrial coatings, of which Russia has a 46 percent share. Powder Coatings has been very active in Central and Eastern Europe during the last few years, an area which has a GDP equal to that of China. As well as recently expanding its site at Opava in the Czech Republic-the first phase of a EUR 5 million refurbishment-the business has also inaugurated a dedicated state-of-the-art distribution warehouse in Poland, while another warehouse has been established in Hungary. Opening a production facility in Russia, however, is perhaps the most significant development, given that in 2006, 80 percent of the powder coatings used in the country was imported. Two production lines have been installed and are operating at the new facility, with another two scheduled to be up and running by mid-2008. Powder Coatings now operates 28 plants worldwide. write your comments about the article :: © 2007 Construction News :: home page |