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AkzoNobel is to significantly boost its presence inthe Chinese automotive market after agreeing to acquire Changzhou PrimeAutomotive Paint Co., Ltd. Prime is one of China’s largest vehiclerefinish suppliers and a leader in the fast-growing mid-market segment.This sector is estimated to double in size within the next five years.Based in Jiangsu Province, the company develops, manufactures, marketsand distributes automotive coatings, primarily for the refinish market.

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