AkzoNobel intends to invest an extra 65 million euros ($84.1 million) in its Chinese factories, the Dutch paints, coatings and chemicals company said on March 19.

The new investment will be used to boost the capacity and performance of its surface chemistry manufacturing sites.

According to AkzoNobel, half of the money will be spent on the company's facility in Shandong Province, which was taken over as part of the acquisition of Boxing Oleochemicals in January 2012.

In Ningbo, Zhejiang Province, a new alkoxylation unit will be built, bringing the total investment at the site to 400 million euros ($517.87 million).

AkzoNobel currently employs more than 7,000 people in China, generating sales revenue of 1.7 billion euros ($2.2 billion) in 2012, mostly from local demand.