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Akzo Nobel N.V.

Akzo Nobel N.V.

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Publicatie datum 08 sep 2010 - 08:07
Statutaire naam Akzo Nobel N.V.
Titel AkzoNobel makes strategic move into Chinese automotive market
Bericht September 8, 2010 AkzoNobel is to significantly boost its presence in the Chinese automotive market after agreeing to acquire Changzhou Prime Automotive Paint Co., Ltd. Financial details were not disclosed. Prime is one of China's largest vehicle refinish suppliers and a leader in the fast-growing mid-market segment. This sector is estimated to double in size within the next five years. Based in Jiangsu Province, the company develops, manufactures, markets and distributes automotive coatings, primarily for the refinish market.