AkzoNobel Reinvests $55-Million In Its High Point Facility

High Point manufacturing just got a big boost with a $55-million capital infusion by an international company. The money will target its wood-coating business.

AkzoNobel is the largest coatings company in the world with about 8 percent share of the paint and coatings market with an adjusted operating income of just over $880 million in sales last year alone.

AkzoNobel is also a major employer here. The “Home Furnishings Capital of the World” has been home to the company since 1955. Today, it's the America regional headquarters for AkzoNobel's Wood Coatings business, employing nearly 300 people at its enormous facility in southwest High Point.

The milestone investment aims to transform that site with new technologies, infrastructure, and additional modernization. The goal is to quicken response times to new trends in the market and strengthen service within its furniture and distribution divisions.