AkzoNobel (Netherlands) announced that it is investing in the production capacity of “International†branded marine and protective coating products in its current high-performance coatings (purchasing supply) plant in Lipetsk, south of Moscow, the Russian capital. The project is scheduled to be operational in the third quarter of 2016.
     According to the company, the new expansion project will meet the needs of the company's protective coatings in the oil and gas industry, mining industry, power industry and infrastructure construction market in western Russia, and will also meet the local shipbuilding industry and ship repair industry for marine coatings. Demand.
     At present, AkzoNobel has produced several types of coating products at the Lipetsk plant in Russia, including the recently increased capacity of coil coatings.
     In 1994, the chemical producer Akzo acquired the current Nobel company's shares in the company and established the current AkzoNobel. In 2015, the company's total coatings business revenue was approximately 9.962 billion euros (US$10.617 billion), an increase of 4.9% year-on-year.
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