Netherlands-based Akzo Nobel N.V. announced it has completed a US$ 23.3 million expansion at its Mexican facility, located in Los Reyes, State of Mexico, to strengthen its global manufacturing footprint for organic peroxides.
The new site will produce Laurox brand organic peroxides, essential ingredients used in the production of plastics and rubber products.
The plant highlights the company’s commitment to meeting its customers’ demands and reinforces its position as the world’s leading producer of organic peroxides, the company said in a press release.
Since 2015, AkzoNobel has invested more than US$ 90 million to better serve its customers in the polymer industry. This has included upgrading technologies, increasing capacity and repositioning its global manufacturing footprint in line with the growth dynamics of the polymer industry.
“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 Los Reyes site has operated since 1970 and the facility has experienced substantial growth since then. Los Reyes is also the headquarters for AkzoNobel’s Specialty Chemicals business in Mexico, employing more than 230 people. Overall, the company has more than 500 employees in Mexico across three production sites.