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Akzo Nobel sells French resins business.(Industry News)(Brief Article)

Akzo Nobel Coatings has sold its French industrial resins business to Spanish company Derivados Forestales S.A. All 36 employees have transferred to the new business. Trading under the name Casco Industries SnC., Akzo Nobel's resins operations in France manufactured formaldehyde and resins at the facility in Ambares. Most of its customers were in the French particle board industry. The business bad sales of 17 million [euro] in 2003.

Casco's wood adhesives operations in France were not included in the sale. Casco Adhesives will take over the Derivados group'

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