AkzoNobel to invest 20 million euros in two locations in France
Latest News: Recently, AkzoNobel announced that it will invest 20 million euros (about 134.83 million yuan) to increase and improve the production of its two factories in France, which will create about 30 new jobs.
On July 18, 2019, AkzoNobel announced the acquisition of Mapaero, a French aerospace coatings manufacturer, to further strengthen the company’s aerospace coatings business. AkzoNobel’s aerospace coatings plant in Pamiers will invest a total of 15 million euros to increase production capacity by 50%, while funds will also be used to reduce environmental impact and improve safety processes and working conditions, and another 5 million euros will be used to improve Montate. The production flexibility of the decorative paint factory in Seoul.
Pamiers’ plans include building two extensions, one for storage and the other for cleaning and waste disposal. Leveraging Mapaero’s experience in developing sustainable water-based coatings and advanced environmentally friendly coatings, AkzoNobel will continue to provide customers with innovative and environmentally friendly products and strengthen the global aerospace coatings business.
Founded in 1992, Mapaero focuses on sustainable water-based and advanced eco-friendly products, with a production facility in France and around 140 employees. Develops, manufactures and sells aircraft coatings according to customer requirements, specializing in water-based coatings and other environmentally friendly advanced coatings. Combining performance and economic advantages, these products meet the highest quality and technical requirements and are used in civil and military helicopters, civil and military aircraft and commercial aircraft, providing special coatings with anti-skid, anti-static and anti-corrosion properties. Customers include Airbus, Bombardier, Eurocopter, Dassault, Air France, Lufthansa, etc.