3rd MEA Coatings, 3rd Middle East & Africa Coatings

14-15 Nov, 2016 - Dubai, U A E

Radisson Blu Hotel, Dubai Deira Creek

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Akzo Nobel acquires 100% stake in Powder Coatings venture in Egypt

Posted on : 22 Sep, 2016

 

The Middle East & Africa region continues to be a strong market for the Coatings industry.

 

According to industry reports, the global powder coatings market is expected to grow at CAGR of 6.8 percent from 2016 to 2020, to over EUR9.99 billion in value. Both volume and revenues are projected to grow, led by robust demand from the packaging, automotive, consumer goods, general industry, architectural and other sectors.

 

Akzo Nobel is strengthening its footprint across the Middle East and North Africa region, with new joint ventures and recording double digit growth in the region. The company recently opened a new powder coatings plant to add to the EUR9.10 million facility opened in Dubai in 2014. This year in April, AkzoNobel and Al Mehwar Company for Construction and Development SPC (Al Mehwar) announced the formation of Akzo Nobel LLC, to boost its presence in the Qatar paints and coatings markets.

 

The newly created joint venture between the two partners is to distribute and sell the full range of AkzoNobel products in Qatar. Previously, a sister company of Al Mehwar was the distributor of Marine and Protective coatings product ranges. In raising its stake in Akzo Nobel Powder Coatings SAE in Egypt from 60 percent to 100 percent, the company is further accelerating its growth strategy in the region.

 

On the 14-15 of November, details on Coatings market trends and investment outlook in the MidEast & Africa as well as Growth prospects in Architecture/DIY, coil, powder, wood & automotive refinish markets will be anlayzed at CMT’s 3rd MEA Coatings held in Dubai.

Contact Ms. Huiyan huiyan@cmtsp.com.sg or call +65 6346 9113 for more information.

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