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Sinochem News recently, AkzoNobel announced an investment plan to expand its internal resin production capacity, and the current capacity expansion plan has been implemented
According to reports, this move will help the company build the ability to withstand supply disruptions, while also making an important contribution to achieving the company's established financial goals and carbon reduction goals for upstream supply chains
Michael Friede, Chief Commercial Officer of AkzoNobel's Performance Coatings business, said, "Resins are used in a wide range of our business areas
It is reported that this capacity expansion involves investment in venues and equipment, and will optimize production capacity through talent development
Michael Friede added: "We quickly realized that investing in our own resin production capacity was the right way to go
Michael Friede is looking forward to the move to expand resin production capacity, saying: "Resin demand will only increase in the future, and our resin production plants have additional available capacity
In addition, this investment plan aligns with AkzoNobel's "People, Planet, Paint" sustainability plan, providing an important contribution to helping the company achieve its sustainability goal of reducing carbon emissions across its value chain by 50% by 2030 support