Akzo Nobel N : AkzoNobel announces €20 million investment and creates new jobs in France

The other €5 million will be spent on improving production flexibility at the decorative paints site in Montataire, which is one of the company's most important manufacturing locations for wall paints in Europe.

"These investments underline our growth ambitions and confirm our commitment to supporting economic development in France," explains AkzoNobel CEO, Thierry Vanlancker. "The Pamiers project in particular demonstrates how we're contributing to a more sustainable aerospace industry by increasing the supply of high-performance products that are more respectful of the environment."

The plans for Pamiers include the construction of two extensions, one for storage and one for cleaning and waste treatment. The project will also enable the company to relocate the production of exterior polyurethane paints for aircraft widely used in Europe from its Waukegan plant in the US.

Building work is expected to start by the end of 2023, with the new installations at both locations due to be operational in early 2025.

AkzoNobel employs nearly 1,500 people in France and operates four production facilities, in Montataire (decorative paints), Dourdan (powder coatings), Limoges (adhesive markings) and Pamiers (aerospace coatings).

About AkzoNobel

We supply the sustainable and innovative paints and coatings that our customers, communities - and the environment - are increasingly relying on. That's why everything we do starts with People. Planet. Paint. Our world class portfolio of brands - including Dulux, International, Sikkens and Interpon - is trusted by customers around the globe. We're active in more than 150 countries and have set our sights on becoming the global industry leader. It's what you'd expect from a pioneering paints company that's committed to science-based targets and is taking genuine action to address globally relevant challenges and protect future generations.