PUBLIC COMPANY; YEAR ESTABLISHED: 1994
REVENUE: $10.36 billion t (2017: $11.46 billion)
Decorative paints; Marine and protective coatings; Auto and specialty coatings; Industrial and powder coatings
Thierry Vanlancker, CEO, chairman of Board of Management and Executive Committee; Maarten de Vries, CFO and member of the Board of Management and Executive Committee.
AkzoNobel reported paint and coatings sales of $10.36 billion for 2018. The company has approximately 34,500 employees and more than 200 manufacturing facilities. North America comprises 12 percent of sales, mature Europe 34 percent, emerging Europe nine percent, Asia Pacific 31 percent, South America nine percent and other five percent.
The company recently made a multi-million-dollar investment to its wood coatings facility in High Point, North Carolina. The transformation will involve reorganizing manufacturing operations at the site and will include the addition of automatic dosing unit technology to produce paint more efficiently. A new raw materials warehouse, research lab and technical application center are also being built. Construction is due to begin in April 2019, with rolling projects expected to be completed by 2020.
The High Point facility covers 30 acres and employs more than 250 people. The site produces a wide range of products, including UV, solvent-based and water-based wood coatings, such as paints, stains and lacquers.
Business Highlights for 2018
• Working with the world’s coolest innovators,
AkzoNobel created a major buzz in the coatings industry with the launch of its Paint the Future startup challenge. AkzoNobel wants to combine its global scale, know-how and expertise with the ingenious solutions of startups and scale-ups across the planet. According to the company, it’s all about connecting with new disruptive technologies and accelerating innovation in the dynamic world of paints and coatings. www.letspaintthefuture.com
• Asian acquisitions underline commitment to key markets. Two transactions in the final months of 2018 highlighted AkzoNobel’s continued focus on further strengthening its positions in Asia. In December, the company acquired the minority interest share to obtain full ownership of the AkzoNobel Swire Paints joint venture, giving it greater control over its future growth and direction. A month earlier, the company acquired Colourland Paints in Malaysia, which will boost its growth ambitions in the country itself and throughout South-East Asia.
• Awlgrip HDT offers extreme performance for yacht owners.
Yacht owners can now benefit from advanced coatings technology, which passed the ultimate test during the latest edition of the Volvo Ocean Race. AkzoNobel’s new Awlgrip HDT (high definition technology) polyurethane clearcoat is not only more durable and abrasion-resistant than current market offerings, but it’s also repairable and lower in VOCs.
• Boeing partnership reaches milestone: Special aircraft livery was developed to mark a major milestone in the company's paint partnership with Boeing. To celebrate the delivery of Boeing’s 787th 787 aircraft, AkzoNobel’s industry-leading “base coat/clear coat” system was used as part of a one-off design painted onto the landmark plane, which was ordered by China Southern Airlines. Boeing also hit another milestone recently, delivering its 1,000th new aircraft to have been painted with the company's unrivalled Aerodur 3001/3002
• AkzoNobel has reinforced its commitment to customers in India, following the inauguration of a new €9 million facility in Mumbai for the production of Powder Coatings
• Consumers in Pakistan now have access to Dulux Promise. AkzoNobel has launched a decorative paints product for the mass market segment
• Dulux Weathershield was relaunched in Asia featuring Smart Release Technology. This protects homes and buildings with even longer lasting protection against algae and fungus
• The most eye-catching car of the new Formula 1 season – McLaren’s MCL33 – features innovative coatings supplied by AkzoNobel’s Sikkens brand. This reduces the total weight of paint and decreases processing time by more than 50%
• AkzoNobel is developing a new high-performance antifouling technology, which uses ultraviolet light-emitting diodes to prevent marine growth. It features underlying technology developed by Royal Philips.
• The acquisitions of Xylazel in Spain and Doves Decorating Supplies in the UK were completed in September 2018.
• The acquisition of Fabryo Corporation S.R.L., was completed on Oct. 1, 2018
• The acquisition of Colourland Paints Sdn Bhd and Colourland Paints (Marketing) Sdn Bhd in Malaysia was completed in November 2018
• The acquisition of the minority interest share to obtain full ownership of the AkzoNobel Swire Paints joint venture in China was completed in December 2018
• The sale of the Specialty Chemicals business in October 2018.