Colourant and masterbatch producer Holland Colours (Apeldoorn / The Netherlands; www.hollandcolours.com) is to make a strategic investment to upgrade its production and laboratory facilities in The Netherlands and at Szolnok / Hungary. Both projects are targeted for completion during the second quarter of 2017.

Paul Karrenbeld, Holland Colours global operations director, said: “These investments are needed to increase our capacity. In the next years to come, we expect a rapid increase of sales volumes. The installation of new lab and production equipment is crucial for us to meet growing demand and secure contingency.”

Holland Colours develops, produces and commercialises solid and liquid colourants, masterbatches and additives for colouring rigid and flexible PVC for the building and construction industry, and PET and other polymers for the packaging industry. The company also offers colour concentrates for coatings, sealants and adhesives and other applications.

In the first half of the 2016/2017 financial year the company reported an operating profit of EUR 4m on sales of EUR 39m. It has around 400 employees.