AkzoNobel Increases Capacity for Expandable Microspheres
July 13, 2017
AkzoNobel’s Specialty Chemicals business has invested more than €20 million to increase production capacity in Sweden for its Expancel product line for expandable microspheres. According to the company, increasing demand for the product — an ingredient in many consumer goods, industrial applications, and the construction industry — means the company will expand its Stockvik facility near Sundsvall. Completion is expected by the end of 2018.
“Expancel microspheres are used in a number of important growth markets, such as food packaging, paints and the automotive industry,” says Sylvia Winkel, director of Expancel at AkzoNobel. “We are seeing a strong increase in demand for the product and the expansion will ensure our ability to serve our customers globally.”
“This is an important strategic investment which will support our customers and strengthen our leadership position in this market,” said Thierry Vanlancker, AkzoNobel’s executive committee member responsible for Specialty Chemicals. “The increasing demand mirrors the growing trend towards more sustainable and smart solutions, and with Expancel, we can contribute to the cost-effective development of innovative products which are lighter and more durable.”