Akzo Nobel Inaugurates R&D Campus
The €12.6 million R&D innovation campus at the former home of the International Protective Coatings brand will focus on performance coating products for the marine, oil and gas industries.
The new facility is 25 miles from AkzoNobel’s €100 million paint manufacturing plant in Ashington which opened in 2017.
Inaugurating the complex, Jean-Michel Gauthier, managing director of the company’s Marine and Protective Coatings business, said:
"The new laboratories will enable our technical experts to partner more closely with our customers and deliver innovative products and solutions that meet the most demanding specifications in our industry."
UK International Trade Secretary, Dr Liam Fox MP, said:
"Driving investment into all parts of the UK is one of my international economic department’s most important tasks. In recent weeks, we have seen the UK’s top international investors reaffirm their commitment to our economy. We have bucked the global trend with foreign direct investment into the UK growing by 20%, while declining by 40% in developed economies as a whole.
"AkzoNobel’s investment in its Felling site is yet another vote of confidence in the fundamentals of our economy, which will create high skilled jobs for local people."