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AkzoNobel wraps up Mapaero deal to strengthen aerospace coatings business

November 15/2019

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 AkzoNobels 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 BASFs 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 BASFs 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.


mrcplast.com
Author:Anna Larionova
Tags:compounds, construction, compounding, Akzo Nobel Functional Chemicals BV.
Category:General News
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