AkzoNobel expands its high-performance coatings business in Russia

Akzo Nobel of the Netherlands has announced the construction of an "international" brand of marine and protective coatings production capacity at its current high-performance coatings (product library purchase and supply) manufacturing plant in Lipetsk, south of the Russian capital Moscow, which is scheduled to be operational in the third quarter of 2016.
According to the company, the new expansion project will meet the demand for corporate protective coatings in the oil and gas industry, mining, power industry and infrastructure construction market in western Russia, as well as the demand for marine coatings in the local shipbuilding and ship maintenance industries.
, AkzoNobel has produced several types of coating products at its Lipetsk plant in Russia, including the recently increased coil coating capacity.
founded what is now Akzo Nobel in 1994 when chemicals maker Akzo acquired a stake in Securum. Total revenue from the company's coatings business in 2015 was approximately EUR 9,962 million (US$10,817 million), up 4.9% YoY.
。