AkzoNobel has announced the completion of its €22 million expansion of its Los Reyes production facility in Mexico.
The new facility will produce Laurox brand organic peroxides, strengthening the Dutch specialty chemicals global manufacturing footprint.
“Mexico is an important market for us and the Los Reyes site serves as an efficient platform to further develop our global leadership position in organic peroxides,” said Werner Fuhrmann, AkzoNobel Executive Committee Member for Specialty Chemicals. “This is a strategic investment, which will enable us to better satisfy growing demand for our products.”
The company also revealed that it would invest in its North American plants over the next five years.