News Releases
Below you’ll find the latest corporate news releases from AkzoNobel.
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AkzoNobel today announced the appointment of Marten Booisma as the company’s new Executive Committee Member responsible for Human Resources. He will officially take up the position of Chief Human Resource Officer on October 1st.
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At today’s Annual General Meeting (AGM), shareholders of Akzo Nobel N.V. (AkzoNobel) adopted the company’s 2012 financial statements and agreed that the 2012 financial year dividend would be €1.45 (2011: €1.45) per common share. An interim dividend of €0.33 was paid in November 2012, which means the final payment will be €1.12 per share.
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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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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 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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AkzoNobel today announced a new strategy that will build on its leading market positions in mature and high-growth markets to achieve new financial targets. The strategy focuses on end-user segments, operational excellence and sustainability and is summarized by the company’s new vision: Leading market positions delivering leading performance.
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