• 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
    Biocides Market Outlook - 2027

    Lab & Testing Equipment Directory

    Aerospace Coatings

    Resins Update

    Coatings World Q&A: Eileen Weber of allnex
    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
    PPG Hosts The Future of Coatings' Technology Innovation Day in Amsterdam

    Azelis Expands Presence in India with Acquisition of Chemo India and Unipharm Laboratories

    Teknos Publishes Sustainability Report

    The Shepherd Color Company Announces New President and Commercial Segment Leaders

    U.S. Green Building Council Announces USGBC Live Headline Speakers
    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

    PPG Showcases CORACAR SE 4000B Battery Fire Protection Coatings at Media Event at Europe HQ

    Teknos Publishes Sustainability Report

    BASF Expands Automotive Coatings Application Center in Mangalore, India

    BEHR Launches COPPER FORCE Interior Paint

    BASF Launches Ultradur B4335G3 HR HSP
    Additives
    Binders
    Pigments
    Solvents

    The Shepherd Color Company Announces New President and Commercial Segment Leaders

    Birla Carbon to Present Sustainable Carbon-based Solutions at PaintIndia 2022

    BTC Europe, NXTLEVVEL Biochem to Distribute Biobased & Biodegradable Solvents in Europe

    Nouryon Issues 2021 Sustainability Report

    BASF to Increase Prices for Select Polyalcohols in North and South America
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Pilot Chemical Company

    Clariant Additives

    W. R. Grace & Co.

    Siltech Corporation

    Shepherd Color Company, The
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    CPCA Annual Conference

    PAINTINDIA 2022 Exhibition

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    UTECH Middle East/Africa Foam & Polyurethane Expo

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

    Clariant Additives

    W. R. Grace & Co.

    Siltech Corporation

    Shepherd Color Company, The
    • 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
      • India/Asia Pacific Report
      • China 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

    Nouryon Increases 2020 Profitability

    "The strength of our portfolio is evident in the diversity of our customer base and the global nature of our businesses," CEO Charlie Shaver said.

    Nouryon Increases 2020 Profitability
    Related CONTENT
    • Metaflake Limited
    • Nouryon Announces Confidential Submission of Draft Registration Statement for Proposed IPO
    • Nouryon to Build Bermocoll Facility in Southeast Asia to Meet Demand in Coatings End-Market
    • Nouryon Awarded 2021 EcoVadis Gold Rating for Sustainability Achievements
    • Nouryon Issues First CiD License in China to Leading PVC Producer
    03.09.21
    Nouryon said it increased its profit in its full-year 2020 financial results with a continued commitment to customers and disciplined cost management.
     
    “I am pleased with our 2020 results as they reflect our responsiveness to customer needs and a strategic investment in high-growth and resilient end markets,” Nouryon Chairman and CEO Charlie Shaver said. “The strength of our portfolio is evident in the diversity of our customer base and the global nature of our businesses. That strength is supported by the cost discipline of our team, and our ability to bring innovative, new and sustainable solutions to market in a timely way."
     
    Full-year 2020 revenue decreased by 4% due to lower prices and volumes, while adjusted EBITDA increased by 3% to €1,162 million. The company’s strong cash position also enabled it to voluntarily repay €100 million of its Euro term loan.

    Selected financial data (in € millions)

     

    2019

    2020

    Change

    Revenue
    (excluding currency effects and portfolio change)

    5,082

    4,700

    (4%)1

    Adjusted EBITDA2

    1,128

    1,162

    3%

    EBITDA margin (%)

    22.2%

    24.7%

     


    Shaver said the company’s targeted transformation activities are continuing to yield positive results. 
     
    For example, its acquisition of the carboxymethyl cellulose (CMC) business of J.M. Huber Corporation in 2020 allowed Nouryon to significantly broaden its portfolio of products in CMC, a sustainable, bio-based water-soluble polymer that is used in a broad range of end markets from home and personal care, to buildings, food and pharmaceuticals.
     
    Building on its 2020 EcoVadis Silver rating achievement, Nouryon committed to enhanced sustainability targets, specifically to reduce its carbon emissions by 25% and increase its share of low-carbon and renewable energy to 60% by 2025.
     
    The company also launched new sustainable products in 2020 to support its customers to achieve their targets too, including anti-viral paint coatings, biodegradable crop protection ingredients, and products for cool roof coatings that reduce the need for air conditioning.
    Related Searches
    • Additives
    Related Knowledge Center
    • Additives
    Suggested For You
    Metaflake Limited Metaflake Limited
    Nouryon Announces Confidential Submission of Draft Registration Statement for Proposed IPO Nouryon Announces Confidential Submission of Draft Registration Statement for Proposed IPO
    Nouryon to Build Bermocoll Facility in Southeast Asia to Meet  Demand in Coatings End-Market Nouryon to Build Bermocoll Facility in Southeast Asia to Meet Demand in Coatings End-Market
    Nouryon Awarded 2021 EcoVadis Gold Rating for Sustainability Achievements Nouryon Awarded 2021 EcoVadis Gold Rating for Sustainability Achievements
    Nouryon Issues First CiD License in China to Leading PVC Producer Nouryon Issues First CiD License in China to Leading PVC Producer
    Nouryon to Increase Expancel Production Capacity in China Nouryon to Increase Expancel Production Capacity in China
    Nouryon Opens Eco-friendly Office and Innovation Center in Dubai Nouryon Opens Eco-friendly Office and Innovation Center in Dubai
    Nouryon Expands Kromasil Facility Nouryon Expands Kromasil Facility
    Nouryon Completes Spin-out of Nobian Nouryon Completes Spin-out of Nobian
    Nouryon Joins the United Nations Global Compact, Strengthening its Sustainability Commitments Nouryon Joins the United Nations Global Compact, Strengthening its Sustainability Commitments
    Nouryon Awarded Responsible Care Merit Award in China Nouryon Awarded Responsible Care Merit Award in China
    Nouryon Signs Long-term Partnership with Sustainable Bioproduct Supplier Metsä Fibre Nouryon Signs Long-term Partnership with Sustainable Bioproduct Supplier Metsä Fibre
    Nouryon Introduces Solution to Improve Coating and Adhesive Performance in Harsh Environments Nouryon Introduces Solution to Improve Coating and Adhesive Performance in Harsh Environments
    Nouryon Legal Wins ACC Value Champions Award Nouryon Legal Wins ACC Value Champions Award
    Nouryon Wins 14 American Chemistry Council Awards Nouryon Wins 14 American Chemistry Council Awards

    Related Content

    • Metaflake Limited

      ...
      Steven Kerr, Sales & Marketing Director 10.08.21

    • Additives | Breaking News | Industry News
      Nouryon Announces Confidential Submission of Draft Registration Statement for Proposed IPO

      Nouryon Announces Confidential Submission of Draft Registration Statement for Proposed IPO

      The initial public offering is expected to commence after the SEC completes its review process.
      09.03.21

    • Additives | Breaking News | Industry News
      Nouryon to Build Bermocoll Facility in Southeast Asia to Meet  Demand in Coatings End-Market

      Nouryon to Build Bermocoll Facility in Southeast Asia to Meet Demand in Coatings End-Market

      Nouryon expects the final site selection to be made in the fourth quarter of this year, with construction beginning in late 2022.
      08.31.21


    • Breaking News | Industry News
      Nouryon Awarded 2021 EcoVadis Gold Rating for Sustainability Achievements

      Nouryon Awarded 2021 EcoVadis Gold Rating for Sustainability Achievements

      This rating places Nouryon in the top 3% of more than 75,000 companies assessed by the global sustainability ratings provider.
      08.12.21

    • Additives | Breaking News | Industry News
      Nouryon Issues First CiD License in China to Leading PVC Producer

      Nouryon Issues First CiD License in China to Leading PVC Producer

      Nouryon will license its innovative Continuous Initiator Dosing (CiD) technology to Beiyuan.
      07.29.21

      Trending
      • BEHR Launches COPPER FORCE Interior Paint
      • BEHR Launches COPPER FORCE Interior Paint | Coatings World
      • BASF Launches Ultradur B4335G3 HR HSP
      • AkzoNobel and Partners Team Up to Hack Carbon Reduction Challenge
      • BASF Launches Ultradur B4335G3 HR HSP | Coatings World
      Breaking News
      • PPG Hosts The Future of Coatings' Technology Innovation Day in Amsterdam
      • Azelis Expands Presence in India with Acquisition of Chemo India and Unipharm Laboratories
      • Teknos Publishes Sustainability Report
      • The Shepherd Color Company Announces New President and Commercial Segment Leaders
      • U.S. Green Building Council Announces USGBC Live Headline Speakers
      View Breaking News >
      CURRENT ISSUE

      May 2022

      • Biocides Market Outlook - 2027
      • Lab & Testing Equipment Directory
      • Aerospace Coatings Market

      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

      Thorne Relaunches Gut Health Test with Microbiome Wipe
      Alkemist Labs Announces Alkemist Assured Seal and Next Generation Transparency Reports
      GC Rieber Foundations Expand Philanthropic Efforts
      Coatings World

      Latest Breaking News From Coatings World

      PPG Hosts The Future of Coatings' Technology Innovation Day in Amsterdam
      Azelis Expands Presence in India with Acquisition of Chemo India and Unipharm Laboratories
      Teknos Publishes Sustainability Report
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      Pediatric Medical Device Competition Reveals Five Finalists
      Medical Device Packaging Market to Reach $34B by 2027
      Penumbra Secures CE Mark for its Advanced Mechanical Thrombectomy Tech
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Mirum Pharmaceuticals Acquires San Diego-based Satiogen
      Catalyst Biosciences Sells Complement Portfolio to Vertex Pharmaceuticals
      Insmed Appoints Drayton Wise as Chief Commercial Officer
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      La Roche-Posay Launches Matte Moisturizer for Oily Skin
      3 Amorepacific Employees Stole $2.3 Million
      L'Oreal CEO Nicolas Hieronimus On Sustainability Initiatives
      Happi

      Latest Breaking News From Happi

      Former Model Shirley Powell’s Indie Beauty Brand LaJeanell Comprises Gender Inclusive Skincare and Makeup
      L’Oréal's New UVMune 400 Sun Filtering Technology Protects Skin From Ultra-Long UVA Rays
      TikToker Abbie Herbert, Founder of Personal Care Brand Pavot, Launches Body Water, Razor Burn Treatment Pads With Beaubble Partnership
      Ink World

      Latest Breaking News From Ink World

      Flint Group Flexible Packaging Europe Implements Further Price Increase
      Nazdar Launches 205 Series Inks for Roland TrueVIS SG2 and VG2 Series Printers
      Quad Adds Landa S10P Nanographic Printing Press
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      AWA to host 22nd Global Release Liner Industry Conference & Exhibition
      Domino assists Grace Label with supply chain disruptions
      Rotocon wins AI Business Excellence Award
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      Rael Raises $35M in Series B Funding
      Schobertechnologies Offers Rotary Web-fed Converting Solutions
      Thorne Relaunches Gut Health Test with Microbiome Wipe
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      Study Confirms Knee Shapes are Highly Individualized
      Stryker Launches EasyFuse Dynamic Compression for Foot & Ankle
      Extremity Medical Rolls Out OMNI Stable Ankle Fracture System
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      InnovationLab Acquires Flexible Printed Battery Technology from Evonik
      Canatu Receives IATF 16949:2016 Certification
      Applied Materials Announces 2Q 2022 Results

      Copyright © 2022 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