Akzo Nobel expanded its coatings plant in Indonesia

In a step to expand its paint and coatings business, Akzo Nobel expanded its plant in Indonesia in order to meet growing demands for marine and protective coatings products by the petrochemical and power sectors.

Indonesia: Akzo Nobel, which is the largest paints and coatings producer in the country, has finished stage one of Euro 2.5 million expansion of its coatings plant in Indonesia. The capacity at the facility will increase by 40% after this investment thereby enabling the company to fulfil domestic demands by petrochemical and power sectors. According to Mauricio Bannwart, managing director of Akzo Nobel’s protective coatings business, the company after investing in the expansion will improve its state as an emerging market with the installation of state-of-the-art, automated equipment at Cikarang, which in turn will improve sustainability standards and product quality.

TechSci Research depicts that the expansion plans of Akzo Nobel would help the company in growing as a largest producer of paints and coatings in the country. This would expand the company’s paints and coatings business. The country having great maritime prospective has offered an opportunity to establish a robust shipbuilding industry, thereby increasing the demand for marine and protective coating products.

According to TechSci Research report “Global Pigments Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, global pigments market size is estimated to cross US$ 34 billion by 2021. Segment-wise, inorganic pigments dominated the overall market in 2015, and this trend is anticipated to continue through 2021. Inorganic pigments are widely used in paints & coatings and plastics to provide various functional properties such as heat stabilization, antistatic, flame-retardants, anti-block and UV stabilization.