Amersterdam, the Netherlands
YEAR ESTABLISHED: 1994
REVENUE: $11.55 billion t (2013: $13.3 billion)
• Decorative paints • Marine and protective coatings
• Auto and specialty coatings • Industrial and powder coatings
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 49,600 people (including its Specialty Chemicals business). Akzo Nobel N.V. reported positive volume growth and an improvement in return on sales (ROS) for the full-year 2014. Excluding incidentals, ROS was 7.5 percent (2013: 6.1 percent).
Decorative Paints successfully implemented a new operating model in Europe. Volumes for the full year were up one percent with a positive volume development in Asia. Revenue declined six percent compared with 2013 due to divestments, adverse currency effects and an adverse price/mix effect. Q4 revenue was down one percent, mainly driven by the sale of the German stores, which offset three percent revenue growth in Asia and six percent revenue growth in Latin America. Operational results clearly improved.
Performance Coatings continued to profit from operational improvements and successfully introduced a new organizational structure with fewer management layers. Volumes for the full year were up one percent, mainly from growth in Marine and Protective Coatings and Powder Coatings. Revenue was flat compared with the previous year due to adverse currencies. Q4 revenue was up four percent on 2013 due to favorable currencies and price/mix, with four percent revenue growth in Powder Coatings and eight percent revenue growth in Marine and Protective Coatings.
AkzoNobel Performance Coatings is investing approxinately $3.4 million to expand its research and development facilities in Houston, Texas. The upgraded facility will support the company’s Protective Coatings, Marine Coatings and Specialty Coatings businesses. Completion is due in early 2016.
The expanded facility will be able to house up to 35 laboratory staff, with 30 skilled technologists employed initially. Key capabilities will include a dedicated area for experimental paint making, a modern paint application laboratory and environmentally controlled drying areas for conditioning of test panels.
New Products Launched
• Launched the first ‘Picture it before you paint it” app.
• Introduced methodology for ships to generate carbon credits for CO2 emission reduction.
• Launched Human Cities initiative, which is designed to engage with the challenges and opportunities of the 21st century city through color, heritage, transport, education, sport and leisure and sustainability.
• Opened a new Decorative Paints site in Chengdu, part of a €50 million investment to build manufacturing facilities for both paint and powder coatings, strengthening its position as a leading player in China’s vehicle refinishes and commercial vehicle OEM markets.
• Developed breakthrough coatings to create the world’s first 100 percent recyclable and compostable paper cup.
• Dulux Weathershield KeepCool can drastically reduce the amount of heat being transferred to the interior of a house or building, resulting in major energy savings.
• Launched an innovative, bright metallic powder coating that provides a sustainable and cost-effective alternative to chrome plating. Interpon Cr, part of AkzoNobel’s Interpon powder coatings range, combines a chrome-like finish with the proven performance of a two-coat powder coating for applications such as furniture, lighting and other interior fixtures.