AkzoNobel has strengthened its business in Asia by acquiring 100% of the shares in Colourland Paints Sdn Bhd and Colourland Paints (Marketing) Sdn Bhd, both referred to as Colourland Paints.
According to research firm Allied Market Research, the powder coatings market in Southeast Asia is expected to reach $295.9 million by 2022, up from $222.7 million in 2015, with a CAGR of 4.2% from 2016 to 2022.
Driven by large and widespread feedstocks and government incentives, Southeast Asia is positioned to be a hub for biobased materials and chemicals (BBMC), according to Lux Research.
While biocides market growth in the mature markets of Europe and the United States is estimated at two percent and slightly less than one percent, respectively, the five-percent growth forecast in biocides consumption in Southeast Asia during 2014-2019 makes this region one of the fastest growing and most attractive regions globally.
Emulsion polymer manufacturer Synthomer Group has appointed Worldwide Resins & Chemicals Group (WWRC) as its distributor for its Functional Polymers and Construction and Coating business units in Southeast Asia (Malaysia, Singapore and Indonesia) as well as Korea and Taiwan.
Hoover Container SEA SDN BHS, a subsidiary of Hoover Group Inc., has opened a new regional distribution center in Port Klang, Selangor, Malaysia, and relocated its Southeast Asia (SEA) office to Petaling Jaya, Selangor, Malaysia.
Specialty chemicals company Clariant inaugurated enhancements to its production capabilities and service support for its customers in Indonesia and Southeast Asia and Pacific (SEA&P) at an official ceremony at its Tangerang, Banten, Indonesia, site.
