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AkzoNobel has completed the expansion of its Industrial Coatings site in Songjiang near Shanghai in China, doubling annual production capacity and creating the company’s biggest plant for packaging coatings in the world.
A British scientist whose work helped form the basis for flat-screen TVs, computers and mobile phone displays has won AkzoNobel's UK Science Award for 2014.
AkzoNobel has today published its online Report 2013, which includes the company’s annual and sustainability results.
Akzo Nobel N.V. (AkzoNobel) today announced its Q4 and full-year 2013 results. Revenue for the year totaled €14,590 million, down 5 percent on 2012 as a consequence of adverse currency effects and divestments. 2013 operating income excluding incidentals came in at €897 million (2012: €908 million excluding impairment). Net income attributable to shareholders reached €724 million, up from €386 million in 2012. Net debt came down by a third to €1,529 million at the end of 2013. The company has successfully completed its multi-year performance improvement program a year ahead of schedule, exceeding its targets in doing so. In 2014, AkzoNobel will continue to significantly restructure to reduce costs further and anticipates related restructuring charges of at least €250 million.
The Supervisory Board of Akzo Nobel N.V. today announced changes to its membership that will be proposed for adoption by the company's Annual General Meeting of Shareholders on April 29th, 2014.
The Supervisory Board of Akzo Nobel N.V. today announced that Keith Nichols, Chief Financial Officer and member of the Board of Management, has decided to step down at the end of June after eight highly successful years with the company.
Trading into the fourth quarter of 2013 has continued to be in line with previous trends, and the economic environment continued to be challenging. As previously indicated, AkzoNobel’s full year 2013 operating income before incidental items is unlikely to exceed €908 million.
AkzoNobel has completed the sale of its Primary Amides chemicals business to PMC Group effective December 31, 2013. Financial details were not disclosed.
AkzoNobel today announced that it has agreed to transfer its obligations for monthly pension payments for current retirees in the US to insurance company MetLife.
Following an announcement in June this year, AkzoNobel has agreed the sale of 67 of its 72 German decorative paints stores to five independent wholesale distributors. Financial details were not disclosed.
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