[photopress:Industry_zone_ningbo.jpg,full,alignright]Akzo Nobel, perhaps the world’s leading paint and chemical provider, has formed a new enterprise to create a large China production base in the eastern Zhejiang Province.
The new chemical enterprise, Akzo Nobel Chemicals (Ningbo) has been set up in the chemical industrial zone of Ningbo City’s Zhenhai District.
The enterprise’s main products, chelates and ethenamine, are expected to start being manufactured in 2009 and 2010, respectively, with an initial investment of $385 million.
Robert Margevich, Akzo Nobel Functional Chemicals B.V., president, promised the Dutch-based company would use cutting-edge technologies and observe the strictest health, safety and environmental standards at the new plant.
Deputy Consul General Leo Linscheer of the Netherlands Consulate General in Shanghai said Akzo Nobel had set up more than 20 factories and workshops since it entered the Chinese market in the 1980s. The further economic cooperation would deepen the friendship between the two nations.
Source: Manufacturing Business Technology