AkzoNobel is modernizing its industrial coatings manufacturing site in High Point, N.C., with a capital infusion of $55 million.
“Through this reinvestment in our High Point site, we are driving a historic stake into the ground to push forward our wood coatings business in North America and reinforce our leadership and our commitment to customers in this crucial market,” Thierry Vanlancker, AkzoNobel’s CEO, said in a statement.
“This year, we are marking the 100-year anniversary of our North America wood coatings business, and this $55 million project ensures our market leadership for the next 100 years and beyond. The U.S. is a strategically important market for AkzoNobel, and we are committed to maintaining, building, and expanding our market positions across our portfolio of coatings segments.”
For more, visit www.akzonobel.com.