ECONOMIC DEVELOPMENT

AKZONOBEL UNVEILS $55 MILLION EXPANSION

In June, AkzoNobel opened its new research and development center on its South High Point campus, a $55 million investment. Company executives, customers and suppliers were in attendance as well as City of High Point elected officials, EDC board members and staff.

“When we decided to make this investment in High Point, it was in recognition that High Point is the center of the wood coatings industry in North America,” said Brent Neal, regional technical manager of wood coatings for AkzoNobel. “This is the furniture city.”

Based in the Netherlands, AkzoNobel has about 35,000 employees in 80 countries, including 223 at its 37-acre High Point campus.