Last week, readers were most interested in AkzoNobel’s announcement regarding a plan to increase in-house resin capacity (AkzoNobel to Expand In-House Resin Production): “As part of its Grow & Deliver strategy, AkzoNobel has announced plans to invest in the expansion of in-house resin manufacturing. The company expects that the scale-up program, which is already underway, will help build resilience against supply disruptions while making an important contribution to achieving financial and Scope 3 (upstream) carbon reduction ambitions.
“‘All of our businesses use resins, and while we produce a good proportion of what we need ourselves, commodity and other specialty resins need to be sourced from third parties,’ said Michael Friede, chief commercial officer for Performance Coatings. ‘Further investing in our own resin capabilities will help us to secure sustainable business growth, as well as supporting our innovation pipeline and sustainability targets.’
“The plans include investing in sites, equipment, and the people needed to optimally run them. They were developed after an internal resins team was tasked with investigating opportunities to unlock more value and make the company more self-sufficient.”
How does your company decide where and how to expand? Please contact me at suttons@bnpmedia.com to share your story.
Top 5 News that Sticks for February 20-26
- AkzoNobel to Expand In-House Resin Production
- 3M to Expand Operations in Tennessee
- IMCD Continues Growth in Latin America with Quelaris Acquisition
- Sika Announces Expansions in Africa
- WACKER Receives IATF Certification for Silicone Manufacturing
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media channels.
