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MOSCOW (MRC) -- AkzoNobel
N.V. completed the acquisition of French aerospace coatings manufacturer
Mapaero, which was first announced in July, said the company.
The deal
will strengthen AkzoNobel’s global position in aerospace coatings, notably in
the structural and cabin coating sub-segments. Combining the world class product
ranges from both companies will also enable AkzoNobel to provide customers with
a much wider portfolio of innovative and sustainable solutions – as well as
contributing directly to its Winning together: 15 by 20 strategy.
As it
was written before, AkzoNobel finalized the
acquisition of BASF’s global Industrial Coatings business, which supplies a
range of products for industries including construction, domestic appliances,
wind energy and commercial transport, strengthening its position as the global
number one supplier in coil coatings.
As MRC informed earlier,
BASF would expand the capacity of ethylene oxide and ethylene oxide derivatives
at its Verbund site in Antwerp, Belgium. The total investment adds about 400 000
tpy to BASF’s production capacity for the corresponding products with an
expected investment amount exceeding EUR500 million.
Ethylene is a
feedstock for producing polyethylene (PE).
According to MRC's ScanPlast report,
Russia's estimated PE consumption totalled 1,255,800 tonnes in the first seven
months of 2019, up by 9% year on year. Shipments of all PE grades
increased.
Akzo Nobel N.V., trading as AkzoNobel, is a Dutch
multinational, active in the fields of decorative paints, performance coatings
and specialty chemicals. Headquartered in Amsterdam, the company has activities
in more than 80 countries, and employs approximately 55,000
people.
Established in 1992 and specializing in sustainable water-based
and advanced eco-friendly products, Mapaero operates a production facility in
France and has around 140 employees. |
