Akzo Nobel opens factory in Ningbo
By Richard Fu |
November 9, 2010, Tuesday
|
Print Edition
Print Edition
AKZO Nobel NV inaugurated a 275 million euro (US$384 million) plant in east China yesterday as the world's largest paint maker entered a new phase of accelerated growth.
Meanwhile, the company's CEO Hans Wijers defended China's business environment after two major German manufacturers in July complained about barriers to the Chinese market.
The new plant in Ningbo, Zhejiang Province, will make chemicals for food preservation, personal care products and the building industry. It will play a key role in helping the Dutch company, known for household paint brands like Dulux, double its China sales to US$3 billion by 2015. The growth target was announced in July.
Responding to a question about China's business environment, Wijers played down concerns raised by German industrial conglomerate Siemens and chemical giant BASF.
"There is no fairy tale market in the world," he said in Ningbo. "If we compare doing business in China to doing business in Europe or North America, this is clearly a good place to do business. Every market has restrictions and barriers."
In July, the chief executives of Siemens and BASF complained to Premier Wen Jiabao that foreign firms were being forced to give away business and technology to Chinese companies in exchange for market access. They called for the Chinese government to remove trade and investment restrictions in certain sectors.
About 11 percent of Akzo's research and development budget is being spent in China, Wijers said.
Meanwhile, the company's CEO Hans Wijers defended China's business environment after two major German manufacturers in July complained about barriers to the Chinese market.
The new plant in Ningbo, Zhejiang Province, will make chemicals for food preservation, personal care products and the building industry. It will play a key role in helping the Dutch company, known for household paint brands like Dulux, double its China sales to US$3 billion by 2015. The growth target was announced in July.
Responding to a question about China's business environment, Wijers played down concerns raised by German industrial conglomerate Siemens and chemical giant BASF.
"There is no fairy tale market in the world," he said in Ningbo. "If we compare doing business in China to doing business in Europe or North America, this is clearly a good place to do business. Every market has restrictions and barriers."
In July, the chief executives of Siemens and BASF complained to Premier Wen Jiabao that foreign firms were being forced to give away business and technology to Chinese companies in exchange for market access. They called for the Chinese government to remove trade and investment restrictions in certain sectors.
About 11 percent of Akzo's research and development budget is being spent in China, Wijers said.
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