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Akzo Nobel expands chemicals activities in China

Pressmeddelande   •   Okt 13, 2005 09:22 CEST

Arnhem, The Netherlands, October 13, 2005 – Akzo Nobel is ramping up its Chemicals activities in China by investing approximately EUR 15 million in two new production facilities. In addition to building a new polysulfides plant in Taixing, the company will construct a new paper chemicals site in Guangzhou, two projects which emphasize the business’ ambitious growth plans for the region.

“Akzo Nobel has clearly stated its strategy of supporting growth in five Chemicals platforms with good prospects for profitable leadership,” explained Leif Darner, the company’s Board Member responsible for Chemicals. “These two investments will consolidate and expand our well established activities in China and are a clear indication of our commitment to creating strong competitive positions in selected markets.”

Akzo Nobel already commands a strong position in the global polysulfides market and the new plant—which will be built at the company’s existing Functional Chemicals site in Taixing—will have an annual production capacity of 10,000 tons.

It is scheduled to become operational by early 2007, by which time the company’s polysulfides plant in Germany will already have reached maximum capacity. Polysulfides are the key ingredient in sealants used in the aerospace and glass insulation industries.

Over in Guangzhou, the new Pulp and Paper Chemicals facility—operated by the company’s Eka Chemicals business—will be built close to two major customers and will produce sizing agents.

Production of paper and board is expected to double in China by 2010 and once construction of the factory is complete—expected to be around the fourth quarter of next year—Eka will become the first paper chemicals company operating in China to establish a facility to produce sizing agents in the strategically important paperboard manufacturing area of Guangdong.

Added Darner: “These investments will not only help us to develop the necessary critical mass required to further support our leading status in the industry, but will also accelerate our continued expansion in China by helping us to directly serve the fast-growing Chinese market.”

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Not for publication – for more information
Akzo Nobel N.V.
Corporate Media Relations, tel. +31 26 366 4343
Contact: Heleen van de Lustgraaf

Note for the editor
Akzo Nobel, based in the Netherlands, serves customers throughout the world with healthcare products, coatings and chemicals. Consolidated revenues for 2004 totaled EUR 12.7 billion. The Company currently employs some 62,000 people in more than 80 countries. The financial results for the third quarter will be published on October 19, 2005.

Internet: www.akzonobel.com



Safe Harbor Statement*
This press release may contain statements which address such key issues as Akzo Nobel’s growth strategy, future financial results, market positions, product development, pharmaceutical products in the pipeline, and product approvals. Such statements, including but not limited to the “Outlook”, should be carefully considered and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. These factors also include changes in regulations or interpretations related to the implementation and reporting under IFRS, decisions to apply a different option of presentation permitted by IFRS, and various other factors related to the implementation of IFRS, including the implementation of IAS 32 and 39 for financial instruments. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies. For a more complete discussion of the risk factors affecting our business please refer to our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission, a copy of which can be found on the Company’s website www.akzonobel.com.

* Pursuant to the U.S. Private Securities Litigation Reform Act 1995.


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