• 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
    Pigments Market

    The Architectural Paint Market Enjoys a Strong 2022

    The Buyers’ Guide

    Auto Refinish Market

    The 2022 Protective Additives Directory
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    Epoxytec Announces New Website Launch

    Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets

    Axalta Releases Fourth Quarter and Full Year 2022 Results

    AkzoNobel Using 100% Renewable Electricity in North America

    Program for BIG IDEAS for UV+EB Technology 2023 Announced
    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

    Epoxytec Announces New Website Launch

    Advanced Polymer Coatings Lands Multiple Turkish Tanker Deals

    Rust-Oleum Names Gloss Grape as Spray Paint Color of the Year

    Cortec Launches EcoAir Biobased Outdoor Coating

    Chrome Alternative from AkzoNobel Saves Turkish Bike Manufacturer 40% on Energy Costs
    Additives
    Binders
    Pigments
    Solvents

    Univar Solutions Announces New Distribution Relationship

    OQ Chemicals Invests in Capacity Expansion to Support Carboxylic Acids Market

    Solvay to Relocate to New Headquarters

    Peninsula Polymers Awarded Bronze Sustainability Rating from EcoVadis

    Project Air to Receive €97 Million Under Agreement with Innovation Fund
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Arkema

    Shepherd Color Company, The

    EPS

    Pilot Chemical Company

    Siltech Corporation
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Saudi Arabia Coatings Show

    Southern Society for Coatings Technology Annual Meeting and Technology Conference

    Eastern Coatings Show

    CPCA Annual Conference

    66th Annual Sink or Swim
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Arkema

    Shepherd Color Company, The

    EPS

    Pilot Chemical Company

    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
    • Glossary
    • 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
    Top Companies Report

    02. AkzoNobel

    ...

    Related CONTENT
    • Kapci Coatings
    • SKSHU (3trees)
    • KRAHN Chemie and Sekisui Kasei Form Partnership for Distribution of TECHPOLYMER
    • AkzoNobel Grows Revenue 26%, Delivers €335 Million Adjusted Operating Income
    • BCF: Coatings Industry Business Confidence Climbs to Highest Level in Two Years
    07.05.17
    Amersterdam, the Netherlands
    www.akzonobel.com

    PUBLIC COMPANY

    YEAR ESTABLISHED: 1994

    REVENUE: $10.66 billion
    (2015: $10.925 billion)

    MARKETS SERVED

    Decorative paints; Marine and protective coatings; Auto and specialty coatings; Industrial and powder coatings

    KEY EXECUTIVES

    Ton Büchner, chairman and CEO; Maëlys Castella, CFO; Ruud Joosten, executive committee member, Decorative Paints; Conrad Keijzer, executive committee member, Performance Coatings; Werner Führmann, executive committee member, Specialty Chemicals managing directors: Oscar Wezenbeek (marine coatings); John Wolff (powder coatings); Alberto Slikta (specialty coatings); AB Ghosh (metal coatings); Mauricio Bannwart (protective coatings); Simon Parker (vehicles refinishes); Volkan Goran (wood coatings); Roger Jakeman (performance coatings); Klaas Kruithof (Performance Coatings – RD&I director); Jaap Kuiper, Decorative Paints managing director – LATAM; Lin Lianqi, Decorative Paints managing director – China and North Asia;  Amit Jain, Decorative Paints managing director – North West Europe; Jan-Piet van Kesteren, Decorative Paints managing director – Eastern Europe & Africa; Jeremy Rowe, Decorative Paints managing director – South East & South Asia, Middle East;  David Menko, Decorative Paints global marketing director; Trudy Schoolenberg, Decorative Paints global supply chain and R&D director.

    AkzoNobel is active in the fields of decorative paints, performance coatings and specialty chemicals and employs approximately 45,600 people (including its Specialty Chemicals business) in more than 80 countries.  Mature Europe comprises 36 percent of the company’s revenue, Asia Pacific 27 percent, North America 17 percent, Latin America 10 percent, emerging Europe 7 percent and other countries 3 percent.

    “In a year of record profitability in terms of return on sales and return on investment, our purpose of creating everyday essentials to make people’s lives more liveable and inspiring was brought to life,” said Ton Büchner, chairman and CEO of AkzoNobel. “We continued to build on our solid foundation of operational excellence to drive growth and sharpened our focus on delivering more value for our people, our customers and our shareholders.”

    “As well as introducing a series of innovative new products, we began to advance our digital agenda and made important steps with regard to sustainability, setting us up to accelerate organic growth. Our expanding Human Cities initiative – everything we do for and with society – also continued to impact millions of people around the world.
    In 2016, AkzoNobel led the creation of the Human Cities Coalition, a public-private partnership of Dutch organizations from government, NGOs  and business, it’s focused on contributing to Goal 11 of the UN Sustainable Development Goals: Sustainable cities and communities.

    Expanded R&D in the U.S.

    AkzoNobel has completed the €2.6 million ($3.5 million) expansion of its U.S. research and development facilities in Houston, Texas.

    Carried out in phases over a period of three years, the investment in the site - which employs around 40 scientists - will support the company’s Protective Coatings, Marine Coatings and Specialty Coatings businesses.

    Part of AkzoNobel’s ongoing investments in its global RD&I activities, the Houston upgrade follows an investment of €12.6 million in a research and innovation hub in Felling, UK, announced earlier this year.

    Additional capabilities at the facility include a dedicated area for experimental paint making, a modern paint application laboratory and environmentally controlled drying areas for conditioning of test panels. Enhanced chemical resistance testing equipment is also available to support the Ceilcote and Enviroline lining ranges in North America.

    AkzoNobel is in the process of reviewing strategic options for the separation of its Specialty Chemicals business.

    The Specialty Chemicals business, which had revenues of €4.8 billion in 2016, is strongly positioned with a broad portfolio of leading technologies and chemicals which service a wide range of end-user segments including construction, industrial and consumer goods. The separation will allow the Specialty Chemicals business to continue to build and accelerate its market-leading positions across a range of market segments.

    As part of the separation, AkzoNobel will consider various alternative ownership structures for the Specialty Chemicals business including, but not limited to, the establishment of an independent listed entity. The ultimate structure will be determined by reference to shareholder value maximization as well as broader stakeholder considerations.

    The company announced that the decision was brought forward following confirmation that AkzoNobel has rejected an unsolicited, non-binding and conditional proposal from PPG Industries Inc. for all of the issued and outstanding ordinary shares in the capital of AkzoNobel. PPG’s proposal substantially undervalues AkzoNobel and is not in the interest of its stakeholders, including its shareholders, customers and employees.

    “Our Specialty Chemicals business is an industry leader in many of the markets in which it operates and we are extremely proud of its heritage, performance and people,” said Büchner. “We are reviewing strategic options to separate it from the company to create focus for both Specialty Chemicals and the Decorative Paints and Performance Coatings group, allowing them to build further on their respective leadership positions.”

    “As stated at our full-year results announcement in February, we are now a leaner, more agile company with a solid financial and operational foundation and a focus on growth. AkzoNobel has enjoyed a record performance in recent years in terms of profitability and has made significant strategic progress, allowing us to take this decision.”
    Related Searches
    • paint
    • coatings
    • ppg industries
    • chemical
    Suggested For You
    Kapci Coatings Kapci Coatings
    SKSHU (3trees) SKSHU (3trees)
    KRAHN Chemie and Sekisui Kasei Form Partnership for Distribution of TECHPOLYMER KRAHN Chemie and Sekisui Kasei Form Partnership for Distribution of TECHPOLYMER
    AkzoNobel Grows Revenue 26%, Delivers €335 Million Adjusted Operating Income AkzoNobel Grows Revenue 26%, Delivers €335 Million Adjusted Operating Income
    BCF: Coatings Industry Business Confidence Climbs to Highest Level in Two Years BCF: Coatings Industry Business Confidence Climbs to Highest Level in Two Years
    LSI Launches as an Independent Global Specialty Chemicals Business LSI Launches as an Independent Global Specialty Chemicals Business
    Varying Growth Patterns for the Top 11 Paints and Coatings Manufacturers in Q1 2021 Varying Growth Patterns for the Top 11 Paints and Coatings Manufacturers in Q1 2021
    PPG Completes its Acquisition of Tikkurila, a Leading Nordic Paint and Coatings Company PPG Completes its Acquisition of Tikkurila, a Leading Nordic Paint and Coatings Company
    CHEM Research GmbH: Decline in German Paint and Coating Consumption in Q1 2021 CHEM Research GmbH: Decline in German Paint and Coating Consumption in Q1 2021
    Future Of Egypt Paints & Coating Industry And Post Covid-19 Pandemic Impact Future Of Egypt Paints & Coating Industry And Post Covid-19 Pandemic Impact
    2021 CEO Forum 2021 CEO Forum
    Significant Contraction of Global Paints, Coatings Market in 2020 Significant Contraction of Global Paints, Coatings Market in 2020
    AkzoNobel Completes Titan Paints Acquisition AkzoNobel Completes Titan Paints Acquisition
    AkzoNobel Kicks off Paint the Future Startup Challenge in China AkzoNobel Kicks off Paint the Future Startup Challenge in China
    Arkema Reports Full-year 2020 Results   Arkema Reports Full-year 2020 Results

    Related Top Companies Report

    • Kapci Coatings

      Kapci Coatings

      ...
      08.02.21

    • SKSHU (3trees)

      SKSHU (3trees)

      ...
      08.02.21

    • Breaking News | Distributor News
      KRAHN Chemie and Sekisui Kasei Form Partnership for Distribution of TECHPOLYMER

      KRAHN Chemie and Sekisui Kasei Form Partnership for Distribution of TECHPOLYMER

      KRAHN Chemie and Sekisui Kasei agree on the partnership for the distribution of TECHPOLYMER for paints and coatings in Spain and Portugal.
      07.29.21


    • Breaking News | Financial News | Paint & Coatings Manufacturer News
      AkzoNobel Grows Revenue 26%, Delivers €335 Million Adjusted Operating Income

      AkzoNobel Grows Revenue 26%, Delivers €335 Million Adjusted Operating Income

      Revenue was €2,511 million, up 26%, mainly due to strong end market demand.
      07.21.21

    • Breaking News | Market Reports
      BCF: Coatings Industry Business Confidence Climbs to Highest Level in Two Years

      BCF: Coatings Industry Business Confidence Climbs to Highest Level in Two Years

      The first five months of 2021 have delivered excellent sales results in both decorative and industrial coatings.
      07.09.21

    Loading, Please Wait..
    Trending
    • Sherwin-Williams Announces And Celebrates 2022 Vendor Of The Year Award Winners
    • Axalta Releases Fourth Quarter And Full Year 2022 Results
    • PPG Names New Packaging Coatings Global Technical Director
    • PPG Reports Fourth Quarter, Full-Year 2022 Financial Results
    • Paints And Coatings Market Worth $212B By 2026: MarketsandMarkets
    Breaking News
    • Epoxytec Announces New Website Launch
    • Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets
    • Axalta Releases Fourth Quarter and Full Year 2022 Results
    • AkzoNobel Using 100% Renewable Electricity in North America
    • Program for BIG IDEAS for UV+EB Technology 2023 Announced
    View Breaking News >
    CURRENT ISSUE

    January 2023

    • Pigments Market
    • The Architectural Paint Market Enjoys a Strong 2022
    • 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

    Nutrasource Rebrands Clinical Trial Site to Apex Trials
    Kerry Sponsors Upcycled Food Foundation Research Fellowship
    Probiotics Supplementation Reduces Complications in Colorectal Cancer Patients
    Coatings World

    Latest Breaking News From Coatings World

    Epoxytec Announces New Website Launch
    Paints and Coatings Market Worth $212B by 2026: MarketsandMarkets
    Axalta Releases Fourth Quarter and Full Year 2022 Results
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    MPO's Most-Read Stories This Week—Jan. 28
    Alleviant Medical Closes $75M Financing Round
    Know Labs Founder Ron Erickson Named CEO
    Contract Pharma

    Latest Breaking News From Contract Pharma

    SK bioscience Introduces New Global Partnership Model for Vaccines
    Merck's KEYTRUDA Wins Expanded Approval in Non-Small Cell Lung Cancer
    Bone Biologics Engages Avania for NB1 Clinical Trial
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    LVMH Reports Record 2022
    Haircare Brand Uncle Funky’s Daughter Announces Retail Expansion
    TRESemmé Introduces New Pro Infusion Collection
    Happi

    Latest Breaking News From Happi

    Good Chemistry Launches New Coffee Fragrance
    Kobo Supports Itiah Angels for Learning
    Fenty Beauty Introduces Show Stopp’r Kit Ahead of Super Bowl LVII
    Ink World

    Latest Breaking News From Ink World

    Weekly Recap: Sustainability and Pigments, TSCA and Raw Materials Top This Week’s Stories
    Roland DGA Announces Major Expansion of TrueVIS Printer Family
    Neos Expands Production Capacity, European Market Presence
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Label industry mourns CCL's Alan Horn, Baldwin focuses on narrow web and more
    Channeled Resources launches blank labels with PET liner
    Infigo partners with Four Pees in Benelux region
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Weekly Recap: Thinx Settles Class Action Lawsuit, Abena, Finess Hygiene Announce Merger & More
    Essity’s Sales Grow
    Thinx to Pay up to $5 million to Settle Class Action Suit
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    ODT's Most-Read Stories This Week—Jan. 28
    Roche, Sysnav Partner on Movement Tracking Tech for Neuromuscular Disorders
    Orthopedic Braces/Support, Casting/Splints Market to Top $12B by 2030
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Weekly Recap: Avery Dennison, CES 2023 and Canatu’s LiDAR Deicing Top This Week’s Stories
    Celanese Launches Nine New Conductive Inks
    NREL Develops Thin, Lightweight Layer for Radiation Barrier for Perovskites in Space

    Copyright © 2023 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