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Akzo Nobel 26 million Euros Invest in Pakistan, New Factory in Faisalabad Opens
AkzoNobel has announced a major investment plan to open a new manufacturing facility in the Pakistani city of Faisalabad at a cost of € 26 million million. This is AkzoNobel's largest single investment in Pakistan to date and marks the further expansion and deepening of the company's presence in the region.
The new 25-acre facility is not only equipped with state-of-the-art production equipment, but also covers a wide range of coating product lines, including decorative coatings, wood finishes, automotive and specialty coatings, coil coatings and protective coatings. These products will better meet the growing needs of customers in the Pakistani market and help the company to further explore new segments of the domestic market.
Notably, the Faisalabad facility also boasts a unique 5450-square-foot forest with over 1400 native trees and shrubs. These trees are planted using Japanese Miyawak gardening techniques and are expected to form a self-sustaining, ecologically prosperous green environment within the next two years. This move not only demonstrates AkzoNobel's commitment to sustainable development, but also reflects the company's attention and protection of the local ecological environment.
Mubbasher Omar, CEO of AkzoNobel Pakistan Ltd, said: "Our investment in this green space reaffirms our strong commitment to growing in Pakistan. The new facility will drive us to diversify our business through sustainable innovation and enter new areas of the domestic market. At the same time, it will also provide us with new opportunities to meet the needs of customers outside Pakistan."
The plant was built in strict compliance with the company's environmental standards and incorporates a range of sustainable features, such as renewable energy generation and energy-efficient design. In addition, the factory has adopted an agile manufacturing model to adapt to future production expansion, thereby maintaining a stronger competitiveness in the market.
At the inauguration ceremony, many distinguished guests including Henny de Vries, Ambassador of the Kingdom of the Netherlands to Pakistan, attended the event. Omar stressed: "This is another important step forward for AkzoNobel after 60 years of serving the Pakistani paint and coatings market. We will continue to delight our customers with world-class solutions and strive to become a leader in the coatings industry in Pakistan."
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