Article: Dutch chemical giant Akzo Nobel starts building 380-million-euro China plant

Dutch chemical giant Akzo Nobel starts building 380-million-euro China plant

HANGZHOU, March 7 (Xinhua) -- Akzo Nobel, the world's leading paint and chemical provider, has formed a new enterprise to createits largest China production base in the eastern Zhejiang Province,a group spokesman said on Friday.

The new chemical enterprise, Akzo Nobel Chemicals (Ningbo) Co.,Ltd. was set up on Thursday in the chemical industrial zone of Ningbo City's Zhenhai District.

The enterprise's main products, chelates and ethenamine, are expected to start being manufactured in 2009 and 2010, respectively, with an initial investment of 250 million euros (385 million U.S. dollars), said Robert Margevich, ...

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