AkzoNobel plans to phase out chemicals production at Deventer (NL) by 2016, site to focus on R&D in future

AkzoNobel plans to phase out chemicals production at Deventer (NL) by 2016, 
site to focus on R&D in future 
AMSTERDAM, NETHERLANDS -- (Marketwired) -- 08/30/13 --  AkzoNobel
today announced plans to phase out the production of organic
peroxides at its site in Deventer, the Netherlands by the end of 2016.
Under the plans,
the production activities currently carried out in
Deventer will be moved to
other existing production facilities in
Europe, North America, and China over
the next 3 years. The intention
to stop production in Deventer will impact approximately 215
employees at the site. 
While AkzoNobel intends to phase out the production of chemicals at
Deventer,
the site's regional R&D and state-of-the-art Technology
Center will remain in
full operation, employing approximately 235
personnel. 
The production facility on the Deventer site is one of eleven organic
peroxide
manufacturing plants operated globally by AkzoNobel. Organic
peroxides are part
of the company's Functional Chemicals portfolio
within the Specialty Chemicals
Business Area. The chemicals are used
by AkzoNobel's customers in applications
in, among others, the
automotive, rubber, packaging and polymers industry and
construction
and consumer product sectors. 
"Global demand patterns for organic peroxides are trending away from
mature markets in Europe and becoming increasingly concentrated in
Asia and North America," said Werner Fuhrmann, AkzoNobel Executive
Committee member responsible
for the Specialty Chemicals business. 
At the publication of its half-yearly results on July 18, AkzoNobel
announced a step-up in restructuring activities to increase savings
in 2014 and beyond, over
and above the existing EUR 500 million
Performance Improvement Program which will be completed by the end of
2013, a year early. 
Today's announcement is part of this drive and is aimed at increasing
efficiencies and productivity, thereby improving performance in its
global manufacturing footprint, and takes account of trends in its
end-user market segments. 
"The organic peroxides market also faces over-capacity," continued
Fuhrmann.
"Consolidating production and following demand will lead to
lower costs to serve
our customers, improving our competitiveness and
performance." 
AkzoNobel does not expect the plans to have any impact on existing
customers. To ensure a smooth transition of the product lines to the
other facilities and other transitional activities, including
facilitating the personnel concerned in finding new employment, the
planned process of phasing out production at the
site will be carried
out over a three-year period. 
AkzoNobel is consulting with the employee works councils and labor
unions. 
AkzoNobel is a leading global paints and coatings company and a major
producer
of specialty chemicals. We supply industries and consumers
worldwide with innovative products and are passionate about
developing sustainable answers for
our customers. Our portfolio
includes well-known brands such as Dulux, Sikkens,
International and
Eka. Headquartered in Amsterdam, the Netherlands, we are consistently
ranked as one of the leaders in the area of sustainability.
With
operations in more than 80 countries, our 50,000 people around
the world are
committed to delivering leading products and
technologies to meet the growing
demands of our fast-changing world. 
Pdf file AkzoNobel press release: 
http://hugin.info/130660/R/1725828/575646.pdf 
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Source: Akzo Nobel NV via Thomson Reuters ONE 
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