AKZO NOBEL MAKES STRATEGIC INVESTMENT IN POLYSULFIDE EXPANSION

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AKZO NOBEL MAKES STRATEGIC INVESTMENT IN POLYSULFIDE EXPANSION
16 May 2001 - Akcros Chemicals BV

Akzo Nobel’s business unit Plastics and Processing Additives (PPA), operating under the name Akcros Chemicals, the leading global player in the polysulfide market, will invest in a major expansion at its Greiz facility in Germany.

Due for completion early in 2002, the expansion will provide additional polysulfide tonnage primarily for use in aerospace sealants and other high-tech, high added value applications.

'This investment, which will substantially increase capacity, reaffirms our long-term commitment to the polysulfide market,' said Kees van Nierop, General Manager of PPA. 'We know that our proprietary technology gives us the ability to supply the highest quality polysulfide for use in high-end aircraft sealant and insulated glass applications. This expansion is consistent with our goals of strengthening our worldwide position and ensuring reliable supply to key customers in the high added value segments we serve,' he added.

PPA is a key supplier of polymer additives for the PVC industry and high performance polysulfide chemicals for sealants. While polysulfides are used in a variety of applications, PPA’s market approach is focused primarily on sealant producers in the aircraft and construction industries. Market growth in these segments is in line with GDP in Europe and the USA, and is higher than GDP in Asia Pacific.

Akzo Nobel, based in the Netherlands, serves customers throughout the world with healthcare products, coatings and chemicals. Consolidated sales for 2000 totaled EUR 14 billion (USD 13 billion, GBP 8.5 billion). The Company currently employs 68,800 people in more than 75 countries. Financial results for the second quarter of 2001 will be published on July 25, 2001.

http://www.akcros.com

About: Akcros Chemicals BV
Akcros Chemicals, a business unit of Akzo Nobel, is one of the world leaders in the field of additives for the processing and manufacturing of plastics as well as Polysulphide Chemicals for the aerospace, marine and construction industries. Annual sales amount to approximately EUR 200 million. With headquarters located in Eccles, UK, Akcros employs around 900 people. The company has manufacturing sites in the UK, The Netherlands, Germany and the USA and sells its products world-wide.

Akzo Nobel, based in the Netherlands, serves customers throughout the world with healthcare products, coatings and chemicals. Consolidated sales for 2000 totalled EUR 14 billion (USD 13 billion, GBP 8.5 billion). The Company currently employs 68,800 people in more than 75 countries. Financial results for the second quarter of 2001 will be published on July 25, 2001.

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