News & Press Releases
News from AkzoNobel
Below you will find the latest news and press releases from AkzoNobel.
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AkzoNobel announced its plan to invest circa. €44 million to build a brand new site, producing the company’s decorative paints portfolios in Chengdu, Sichuan Province. This initiative underlines AkzoNobel’s commitment to developing its business in China and will strengthen the company’s leading position in this high growth market.
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Following the reopening of Amsterdam’s Van Gogh Museum on May 1, 2013, AkzoNobel will become a partner for the museum’s restoration studio for a period of three years. Through its premium Sikkens brand, AkzoNobel will also provide paint for the museum.
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April 19, 2013 (Shanghai) -- AkzoNobel today released an album of selected winning projects for its 2012 AkzoNobel China Student Sustainability Award which covers a variety of education support activity. Building on the success last year, the company is going to launch the Award this year with the theme of education support.
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Akzo Nobel N.V. (AkzoNobel) today reported a 7 percent revenue decrease in the first quarter compared with the same period last year. This was due to weak demand in European markets and divestments. Operating income for Q1 was 8 percent lower at €217 million. The acceleration of AkzoNobel’s performance improvement program is progressing toward achieving the full EBITDA benefit of €500 million a year early, as announced at the strategy update in February 2013.
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AkzoNobel is concerned to a recent news report alleging that a licensed Dulux store in Wuhan is selling non-genuine Dulux products. AkzoNobel and its business units are always committed to providing its customers and consumers with products that meet the highest possible quality and sustainability standards. We abide by the high business ethics and integrity and are committed to protect the interest of our customers and consumers. We have already got in touch with all parties concerned for further information to help the company to look into the incident.
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AkzoNobel has today finalized the $1.05 billion sale of its North American Decorative Paints business to US-based PPG Industries, Inc. The deal was announced on December 14, 2012.
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AkzoNobel has announced its intention to invest a further €65 million in China. The investment will be used to boost capacity and significantly improve operational excellence at AkzoNobel’s Surface Chemistry manufacturing sites in Boxing and Ningbo.
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AkzoNobel’s new €90 million Jupiá Chemical Island in Brazil is now operational and has started supplying the Eldorado Brasil Celulose pulp mill, which is the biggest in the world.
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AkzoNobel has today published its Report 2012, which combines the company’s annual and sustainability reports. Available as an iPad application as well as online, the digital versions will be closely followed by the printed report, which is due for publication during the week beginning March 25.
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Akzo Nobel N.V. (AkzoNobel) today announced its Q4 and full-year 2012 results. Revenue for the year was up 5 percent driven by favorable currencies and pricing, which was partially offset by a decline in volumes.
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