AkzoNobel Opens New Coatings Plant In India

AMSTERDAM, Netherlands, Oct. 28, 2013 (GLOBE NEWSWIRE) --
AkzoNobel has strengthened its manufacturing footprint in India by opening a new€20 million decorative paints plant in Gwalior, which will have an annualcapacity of 55 million liters.The eco-efficient Greenfield facility - AkzoNobel's sixth factory in India -will supply a range of decorative paints and create improved distributionchannels for the popular Dulux brand. The new site will also help speed uptransportation times and reduce the cost of logistics.Speaking at today's official inauguration, AkzoNobel CEO Ton Büchner said:"India plays an extremely important role in our growth strategy and the newGwalior site underlines our commitment to creating a leading coatings powerhousein India."As a global leader in sustainability, I'm also pleased that the plant hasfocused so heavily on energy, water and resource conservation, which will bevital in helping us to create more value from fewer resources."Added Amit Jain, Managing Director of AkzoNobel India: "The Gwalior plant willprovide cost-effective access to key markets in the northern and central areasof India. This will greatly reinforce our strategy of expanding Duluxdistribution, as well as improving customer service in these high growthregions."The factory has been built on 9,000m(2 )of land, with a greenbelt area of9,000m(2), while sufficient infrastructure is in place to support futureexpansion plans. Provision has also been made to accommodate key suppliers,allowing for a smoother manufacturing process.Special sustainability features include rainwater harvesting and energyefficient pumping systems, while 20 percent of the roofing area allows naturaldaylight to flood in, reducing the need for artificial lighting.AkzoNobel currently employs around 1,800 people in India.- - -AkzoNobel is a leading global paints and coatings company and a major producerof specialty chemicals. We supply industries and consumers worldwide withinnovative products and are passionate about developing sustainable answers forour customers. Our portfolio includes well-known brands such as Dulux, Sikkens,International and Eka. Headquartered in Amsterdam, the Netherlands, we areconsistently ranked as one of the leaders in the area of sustainability. Withoperations in more than 80 countries, our 50,000 people around the world arecommitted to delivering leading products and technologies to meet the growingdemands of our fast-changing world.Not for publication - for more informationCorporate Media Relations, tel. +31 20 502 7833    Corporate Investor Relations,tel. +31 20 502 7854Contact: Marc Michelsen                                     Contacts: JonathanAtack, Sheryl StokesSafe Harbor StatementThis press release contains statements which address such key issues asAkzoNobel's growth strategy, future financial results, market positions, productdevelopment, products in the pipeline, and product approvals. Such statementsshould be carefully considered, and it should be understood that many factorscould cause forecasted and actual results to differ from these statements. Thesefactors include, but are not limited to, price fluctuations, currencyfluctuations, developments in raw material and personnel costs, pensions,physical and environmental risks, legal issues, and legislative, fiscal, andother regulatory measures. Stated competitive positions are based on managementestimates supported by information provided by specialized external agencies.For a more comprehensive discussion of the risk factors affecting our businessplease see our latest Annual Report, a copy of which can be found on thecompany's corporate website www.akzonobel.com.AkzoNobel Press Release: http://hugin.info/130660/R/1738068/583148.pdf[HUG#1738068]

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