• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Additives Update

    Pigment Supplier Directory

    Interior Architectural Coatings

    Biocides Update

    Powder Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    Zeppelin Acquires MTI Mischtechnik

    Ezio Braggio Joins ChemQuest Europe

    IFS Coatings Announce Carbon Offset Program

    Peninsula Polymers Expands WPC Technologies' Distribution into Wisconsin, Minnesota

    MCA Winter Meeting to Be Held Virtually Feb. 2-4
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    Zeppelin Acquires MTI Mischtechnik

    IFS Coatings Announce Carbon Offset Program

    Axalta Powder Coatings Presents SuprAnodic Collection

    Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30

    Axalta Announces 2021 Global Automotive Color of the Year: ElectroLight
    Additives
    Binders
    Pigments
    Solvents

    Emulsion Polymers Market to Hit $66 Billion by 2027: Transparency Market Research

    Peninsula Polymers Expands WPC Technologies' Distribution into Wisconsin, Minnesota

    OQ Chemicals Increasing Oxo Intermediates Prices in the Americas

    Nouryon Renaming Industrial Chemicals Subsidiary Nobian

    Pritzker Private Capital Acquires Vertellus
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Siltech Corporation

    Active Minerals

    Shepherd Color Company, The

    Keim Additec Surface USA LLC

    ROSS Mixers
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    The Waterborne Symposium (2021)

    Surface Finishing Mexico 2021

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    Coatings for Africa
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Pilot Chemical Company

    Eagle Specialty Products

    ROSS Mixers

    Active Minerals

    Siltech Corporation
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    AkzoNobel Unveils New Strategy to Accelerate Growth and Value Creation

    ...

    Related CONTENT
    • Ezio Braggio Joins ChemQuest Europe
    • Nouryon Renaming Industrial Chemicals Subsidiary Nobian
    • Pritzker Private Capital Acquires Vertellus
    • Specialty Carbon Black Market to Reach $3 Billion by 2027: Transparency Market Research
    • BRB Silicone Appoints Andicor Specialty Chemicals for Canadian Distribution
    04.19.17
    AkzoNobel outlined a new strategy to accelerate growth and value creation with two focused, high-performing businesses - Paints and Coatings and Specialty Chemicals - which will lead to a step change in value creation for shareholders and all stakeholders.

    The logical next phase of creating two separate companies builds on the strong financial and operational foundation developed in recent years. It will generate superior, faster and more certain value creation than the alternatives and with substantially fewer risks, uncertainties and social costs.

    Strategy: create two focused businesses
    • Separation of Specialty Chemicals to take place within 12 months; project teams in place
    • Dual-track process with active consideration of a separate listed entity  or sale
    • Focused Paints and Coatings business, with fit-for-purpose structure and processes
    Accelerating sustainable growth and profitability
    • €150 million annual savings resulting from ongoing continuous improvement programs in Paints and Coatings
    • Additional €50 million expected cost savings related to the separation of Specialty Chemicals
    • Continued commitment to sustainability with ambition to use 100% renewable energy and be carbon neutral by 2050
    • Investment of €1 billion in research and development by 2020 to maintain focus on innovation and new product development
    Enhanced financial guidance*
    • 2017 EBIT to be around €100 million ahead of 2016 due to significant growth momentum across all Business Areas
    • Increased 2020 guidance: Paints and Coatings 15% ROS, ROI >25%; Specialty Chemicals 16% ROS, ROI >20%, reflecting continued growth in profitability equivalent to AkzoNobel's current portfolio of 14% ROS and >20% ROI**
    Increased shareholder returns
    • 50% increase to the regular dividend per share to €2.50 per share, reinforcing confidence in the future plan to further drive growth and profitability
    • Vast majority of net proceeds from the separation of Specialty Chemicals to be returned to shareholders
    • €1 billion special dividend to be paid in November reflecting confidence in the planned separation

    Ton Büchner, CEO of AkzoNobel, said:
    "Our commitment to substantial shareholder returns reinforces our belief that the plan we are outlining today will create a step change in value creation, generating significant shareholder value in the short, medium and long term. It will be delivered at pace, with a clear timeline and is in the best interest of all stakeholders.

    "During recent years, we have consistently delivered on our commitments to improve profitability and growth, while building momentum within our Company. We have world class teams and a solid financial and operational foundation.

    "The industry-leading performance and outlook of our Specialty Chemicals business gives us the confidence to return proceeds to shareholders in advance of the separation. In addition, we see extensive growth momentum in our Paints and Coatings business, which we expect to keep growing faster than market rates, allowing us to improve our long-term financial guidance.

    "Now is the right time to create two focused, high-performing businesses. This strategy will create substantial value for shareholders with significant less risks and uncertainties compared to alternatives.

    "We believe our long-term focus in sustainability creates value for all stakeholders, including our shareholders, customers and employees. We continue to lead the industry with our ambition to being carbon neutral and using 100% renewable energy by 2050.

    "Our ongoing commitment to invest around €1 billion in research and development by 2020 will create innovative products and services, as well as making a positive contribution to the communities in which we operate.

    "We have laid out a new plan today with clear, ambitious goals. With the support of our colleagues across the world and building on our incredible brands, we will create two leading, customer focused businesses which will deliver enhanced value for all our stakeholders."

    Antony Burgmans, Chairman of the AkzoNobel Supervisory Board, said:
    "The Supervisory Board believes that management's plan for AkzoNobel's future will deliver superior shareholder value compared to the alternatives.

    "It will be delivered by a competent, experienced management team with a proven track record at a faster pace, with considerably less risk and at significantly lower social cost.

    "The plan will enable AkzoNobel to thrive both to the benefit of our shareholders and the communities worldwide in which we operate."

    A webcast of the investor event, which will take place today at 10.00am BST, is available here: Register for the video webcast here.

    * Note: Current financial guidance for 2016 to 2018:
    Paints and Coatings 10-12% ROS, ROI >18%
    Specialty Chemicals 11.5-13% ROS, ROI >16%

    ** Excluding unallocated corporate costs

    This is a public announcement by AkzoNobel N.V. pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This public announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in AkzoNobel N.V.
    Related Searches
    • coatings
    • akzonobel
    • paints
    • sustainability
    Suggested For You
    Ezio Braggio Joins ChemQuest Europe Ezio Braggio Joins ChemQuest Europe
    Nouryon Renaming Industrial Chemicals Subsidiary Nobian Nouryon Renaming Industrial Chemicals Subsidiary Nobian
    Specialty Carbon Black Market to Reach $3 Billion by 2027: Transparency Market Research Specialty Carbon Black Market to Reach $3 Billion by 2027: Transparency Market Research
    Pritzker Private Capital Acquires Vertellus Pritzker Private Capital Acquires Vertellus
    BRB Silicone Appoints Andicor Specialty Chemicals for Canadian Distribution BRB Silicone Appoints Andicor Specialty Chemicals for Canadian Distribution
    Univar Solutions, Dow Coating Materials Announce New Distribution Agreement Univar Solutions, Dow Coating Materials Announce New Distribution Agreement
     Siltech Corporation is pleased to announce Martin Wusik as the Northeast U.S. Sales Manager Siltech Corporation is pleased to announce Martin Wusik as the Northeast U.S. Sales Manager
    Jose Carlos Corral Montilla Appointed Managing Director of BTC Europe Jose Carlos Corral Montilla Appointed Managing Director of BTC Europe
    Conrad Keijzer Appointed Clariant CEO Conrad Keijzer Appointed Clariant CEO
    Lanxess Chemical Exhibits at CHINACOAT Lanxess Chemical Exhibits at CHINACOAT
    Addipel Expands Operations Team with New Plant Manager Addipel Expands Operations Team with New Plant Manager
    Clariant Earns Henkel, ICIS Awards Clariant Earns Henkel, ICIS Awards
    Dr. Christian Przybyla to Become President of ALTANA’s ECKART Division Dr. Christian Przybyla to Become President of ALTANA’s ECKART Division
    Maroon Group Initiates OSHA Lift Truck Trainer Program Maroon Group Initiates OSHA Lift Truck Trainer Program
    Nouryon, Dutch Soccer Club Ajax Partner Nouryon, Dutch Soccer Club Ajax Partner

    Related Breaking News

    • Breaking News | People in the News
      Ezio Braggio Joins ChemQuest Europe

      Ezio Braggio Joins ChemQuest Europe

      Sherwin Williams' recently retired regional president of EMEAI joins ChemQuest.
      Coatings World staff 01.15.21

    • Breaking News | Production Equipment | Suppliers Corner
      Zeppelin Acquires MTI Mischtechnik

      Zeppelin Acquires MTI Mischtechnik

      Portfolio includes heating, cooling and universal mixers for plastics processing and chemical applications.
      Coatings World staff 01.15.21

    • Breaking News | Paint & Coatings Manufacturer News | Powder Coatings
      IFS Coatings Announce Carbon Offset Program

      IFS Coatings Announce Carbon Offset Program

      "We choose only to manufacture powder coatings," said Glynn Mason, IFS Coatings president.
      Coatings World staff 01.14.21


    • Additives | Breaking News | Distributor News
      Peninsula Polymers Expands WPC Technologies

      Peninsula Polymers Expands WPC Technologies' Distribution into Wisconsin, Minnesota

      ...
      Coatings World staff 01.14.21

    • Breaking News
      MCA Winter Meeting to Be Held Virtually Feb. 2-4

      MCA Winter Meeting to Be Held Virtually Feb. 2-4

      The meeting is open to all industry professionals.
      Coatings World staff 01.13.21

    • Additives | Breaking News | Price Increases
      OQ Chemicals Increasing Oxo Intermediates Prices in the Americas

      OQ Chemicals Increasing Oxo Intermediates Prices in the Americas

      Due to strong demand and increasing raw material costs.
      Coatings World staff 01.13.21


    • Breaking News | Powder Coatings | Product news
      Axalta Powder Coatings Presents SuprAnodic Collection

      Axalta Powder Coatings Presents SuprAnodic Collection

      Axalta expanding its range of highly weather-resistant metallic effect powder coatings from the Alesta SD SuperDurable product line.
      Coatings World staff 01.13.21

    • Breaking News | Paint & Coatings Manufacturer News
      PPG Launches Traffic Solutions Business Following Ennis-Flint Acquisition

      PPG Launches Traffic Solutions Business Following Ennis-Flint Acquisition

      The business unit will manufacture and supply a broad, global portfolio of pavement-marking products.
      Coatings World staff 01.13.21

    • Breaking News | Suppliers Corner
      EnviroMax Laminar Flow Clean Work Station From HEMCO

      EnviroMax Laminar Flow Clean Work Station From HEMCO

      Standard sizes range from 4’ to 8’ wide, 2’ to 4’ deep, and 3’ to 5’ high.
      Coatings World staff 01.13.21


    • Breaking News | Radcure Coatings
      Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30

      Deadline for RadLaunch UV+EB Technology Accelerator is Jan. 30

      UV+EB technology industry tech-education accelerator focused on unique and novel ultraviolet and electron beam technologies.
      Coatings World staff 01.13.21

    • Automotive Coatings | Breaking News | Color Trends & Forecast | Paint & Coatings Manufacturer News
      Axalta Announces 2021 Global Automotive Color of the Year: ElectroLight

      Axalta Announces 2021 Global Automotive Color of the Year: ElectroLight

      "Our 2021 color evokes sustainability, happiness and safety," said Nancy Lockhart, global product manager of color at Axalta.
      Coatings World staff 01.12.21

    • Breaking News | Paint & Coatings Manufacturer News
      HMG Paints Earns

      HMG Paints Earns 'Made in Britain' Accreditation

      The company will now carry the Made in Britain collective mark across its packaging and products.
      Coatings World staff 01.12.21


    • Breaking News
      New Strategy Sets Hempel on Path to Leadership Positions

      New Strategy Sets Hempel on Path to Leadership Positions

      Path defined by focus on entire business, leadership positions in chosen segments, industry leadership in sustainability, a strong focus on innovation.
      Coatings World staff 01.12.21

    • Additives | Breaking News | Industry News
      Nouryon Renaming Industrial Chemicals Subsidiary Nobian

      Nouryon Renaming Industrial Chemicals Subsidiary Nobian

      The Nobian brand will be introduced through a phased approach in the coming months, beginning with a new website.
      Coatings World staff 01.12.21

    • Breaking News | Special Purpose Coatings
      Alpine

      Alpine's HX5 Certified to Eliminate Germs When Coated with Signature Plating’s SignaShield

      HX5 samples coated with Signature Plating’s SignaShield antimicrobial clearcoat showed a 99.93% reduction in Staphylococcus aureus, 99.92% reduction in E. coli.
      Coatings World staff 01.12.21

    Trending
    • New Strategy Sets Hempel On Path To Leadership Positions
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    • PPG Acquiring Global Coatings Manufacturer Wörwag
    • Nouryon Renaming Industrial Chemicals Subsidiary Nobian
    • Axalta Announces 2021 Global Automotive Color Of The Year: ElectroLight
    Breaking News
    • Zeppelin Acquires MTI Mischtechnik
    • Ezio Braggio Joins ChemQuest Europe
    • IFS Coatings Announce Carbon Offset Program
    • Peninsula Polymers Expands WPC Technologies' Distribution into Wisconsin, Minnesota
    • MCA Winter Meeting to Be Held Virtually Feb. 2-4
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Additives Update
    • Pigment Supplier Directory
    • Interior Architectural Coatings
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Brown Fat Associated with Reductions in Chronic Disease Risk
    NIH Study Identifies Antibacterial Properties in Taurine
    NSF Begins New Certification Program
    Coatings World

    Latest Breaking News From Coatings World

    Zeppelin Acquires MTI Mischtechnik
    Ezio Braggio Joins ChemQuest Europe
    IFS Coatings Announce Carbon Offset Program
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Optimize EP Launches CaRM Cardiac Device Data Management Platform
    U.S. TAVR Market Projected to Reach Nearly $5 Billion by 2030
    FDA Clears Canon Medical's Compressed SPEEDER for 3D Exams on 1.5T MR
    Contract Pharma

    Latest Breaking News From Contract Pharma

    KORSCH, MEDELPHARM Partner on R&D Equipment Portfolio
    Frontage Bolsters Clinical Services Capabilities
    Sanofi Unveils EUROAPI as Name of New European API Company
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Neenah to Host Packaging Webinar for Printers
    W.S. Badger is Named a ‘150 Top Impact Company’
    Mana Products, Meiyume and RPG Form The Vertical Beauty Alliance
    Happi

    Latest Breaking News From Happi

    A Surge in Interest for Supplements & Vitamins
    P&G, L'Oréal & Amorepacific Make News at CES
    Three Form Vertical Beauty Alliance
    Ink World

    Latest Breaking News From Ink World

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer
    Techkon USA, Konica Minolta Partner
    Alon Bar-Shany Appointed Chairman of Highcon Board
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Exhibitor registration opens for virtual.drupa
    FTA planning in-person Forum & INFOFLEX
    Fortis Solutions Group achieves SGP certification
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Shemesh Adds U.S. Headquarters
    TZMO USA, Special Needs Group Form Partnership
    BAHP Announces 2021 Officers, Board of Directors
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Rapid Recovery Protocol Can Lead to Increased Range of Motion After TKA
    Boston Scientific Releases WaveWriter Alpha Spinal Cord Stimulators in U.S.
    New Chief Clinical Officer on Board at IncludeHealth
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Toppan Announces 2050 Environmental Vision
    SOI Industry Consortium Joins SEMI as Strategic Association Partner

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login