A major producer of specialty chemicals and coatings is expanding its Chattanooga plant and adding to its workforce.
Akzo Nobel is spending almost $6.7 million on an addition to its Mueller Avenue facility, said Brent Burke, the site manager for the plant known for many years as Alco Chemical.
The expansion at the plant, which produces about 120 million pounds of various products annually, will be used to make additives in the paper-making process, he said.
AKZO NOBELFounded: 1646Headquarters: AmsterdamBusiness: maker of decorative paints, performance coatings and specialty chemicalsEmployees: 55,000 in 80 countriesRevenues: $5.5 billion (third quarter)Net income: $201 million (third quarter)Source: company
“It will be for one of our sister divisions,” said Burke. “We’ll ship it to another location. It will be used in various paper-making facilities across the country.”