AkzoNobel has opened a €26 million manufacturing plant in Faisalabad, the company’s largest investment in Pakistan to date.
The 25-acre site, which has facilities for making decorative paint, wood finishes, automotive and specialty coatings, coil coatings, and protective coatings, will help meet increasing customer demand across a variety of markets. The location includes a forest spanning an area of 5,450 square feet with more than 1,400 native trees and shrubs.
“Our investment in this greenfield site reaffirms our commitment to grow in Pakistan,” says Mubbasher Omar, CEO of Akzo Nobel Pakistan Limited. “It will fuel our ambition to diversify with sustainable innovations and enter new segments in the domestic market, while also providing new opportunities to delight customers beyond Pakistan.”
AkzoNobel’s has also added five new powder coating lines to its multi-site located in Bac Ninh province near Hanoi in Vietnam, along with a line for producing water-based products for the electronics market.
The total investment amounts to €18.5 million, according to the company.
“The cutting-edge powder coating lines we’ve installed will help us to grow with our customers, serve them faster and pave the way for a more sustainable future,” says Jeff Jirak, managing director of AkzoNobel’s Powder Coatings business.