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AkzoNobel to Consolidate U.K. Deco Paints Production at One New Site

12:48 PM MDT | July 6, 2011 | Natasha Alperowicz

AkzoNobel announced today that it plans to invest €110 million ($159.1 million) to build a hi-tech decorative paints manufacturing facility in the north-east of England. The company declined to reveal the exact location until it completes discussions with local authorities but says it will be within 25 miles of its existing site at Prudhoe. The plant will enable the company to deliver the most efficient supply chain operations, reduce operating working capital and accelerate its response to changing market and customer demands, the company says. It is...

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