The acquisitions in Performance Coatings result in a positive revenue effect, as these activities were consolidated during and after Q2 2010. During Q2 2011, we made several announcements on new investments:
- In we announced plans for a €110 million manufacturing facility in the North East of England and we have entered into a partnership in China with Quangxi CAVA Titanium Industry Co. Ltd. to help ensure supply of titanium dioxide (TiO2)
- In , we have announced our intention to acquire coatings manufacturer Schramm Holding AG, which will enable us to strengthen our global leadership position in specialty plastic coatings
- In , we are investing €140 million to convert our chlorine plant in Frankfurt, Germany, to membrane electrolysis technology. In addition, we agreed to acquire from Integrated Botanical Technologies (IBT) its patented Zeta Fraction technology, which is transforming how plant-based chemistry is used
In Research, Development and Innovation (RD&I), we opened a €7 million fire protection laboratory at our Felling site in the UK. The global market is growing rapidly due to increasingly stringent fire protection regulations worldwide. We also opened a new research laboratory in Deventer, the Netherlands – one of six global RD&I centers that undertakes cutting-edge research, which leads to major breakthrough innovations.