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AkzoNobel to Expand Organic Peroxide Facility

Thursday, January 18, 2018

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Dutch coatings company AzkoNobel Specialty Chemicals announced Wednesday (Jan. 17) that the company is investing more than 12 million euros ($14.7 million) to expand a facility in Los Reyes, Mexico.

The work will include upgrades and production capacity expansion at the organic peroxides site.

AkzoNobel

Dutch coatings company AzkoNobel Specialty Chemicals announced Wednesday (Jan. 17) that the company is investing more than 12 million euros ($14.7 million) to expand a facility in Los Reyes, Mexico.

Specifically, a new facility will be built on site to make Perkadox CH-50 organic peroxides, which are sold primarily in the thermoset resin market, the company notes.

“We have a growing portfolio of customers, so continued investment to increase production capability at Los Reyes is critical to ensure we continue to meet demand while positioning ourselves for sustainable growth,” said Johan Landfors, Executive Committee Member responsible for Polymer Chemistry.

“Mexico is an important market for us. Expanding our operations in Los Reyes also means we will need to hire more people, which is good news for the local economy.”

This project is slated to be completed by May 2019.

   

Tagged categories: AkzoNobel; Business management; Business matters; Business operations

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