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At today’s Annual General Meeting (AGM), shareholders of Akzo Nobel N.V. (AkzoNobel) approved the company’s 2011 financial statements and agreed that the 2011 financial year dividend would be €1.45 (2010: €1.40) per common share. An interim dividend of €0.33 was paid in November 2011, which means the final payment will be €1.12 per share.
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Akzo Nobel N.V. (AkzoNobel) today published Q4 and full-year results for 2011. The company reported revenue growth across all Business Areas, led by price/mix developments of 5 percent and a 2 percent volume increase.
AkzoNobel is planning to invest €80 million in the construction of a new pulp Chemical Island facility in Brazil. The plant, operated by the company’s Pulp and Paper Chemicals business, Eka Chemicals, will supply the Suzano Maranhão pulp mill. This is AkzoNobel’s second largest investment in Brazil in the past 12 months and further expands Eka Chemicals’ sustainability-focused Chemical Island concept.
AkzoNobel has today completed its acquisition of China’s leading specialty surfactant producer, Boxing Oleochemicals. Boxing is a leading supplier of nitrile amines and derivatives, which are used in a variety of industrial and consumer applications including fabric softeners, asphalt additives, and hair conditioners.
AkzoNobel plans to strengthen its position in packaging coatings by exercising the right to buy the remaining shares of Metlac, an Italian based packaging coatings producer. Financial details were not disclosed.
AkzoNobel has today completed its acquisition of the coatings business of Korean SSCP. SSCP has a strong position in the Korean mobile phone market and also supplies coatings to the wider consumer electronics industry.
Today AkzoNobel will host an investor and analyst day that will focus on strategic opportunities for its global Decorative Paints’ business. The teach-in will be hosted by Keith Nichols, Chief Financial Officer, and Tex Gunning, Executive Committee member responsible for Decorative Paints, at the company’s headquarters in Amsterdam.
AkzoNobel has announced its intention to invest €45 million in a new Dicumyl Peroxide (DCP) plant at its Ningbo multi-site in China to meet a growing local, regional and global demand. Widely used as cross-linking agent for various polymers and copolymers, DCP can be found in a variety of products like shoe soles, cable insulation, and construction insulation.
AkzoNobel is planning to invest around €60 million to increase the production capacity of its Automotive and Aerospace Coatings business in China. This investment will provide additional momentum for the company’s accelerated growth strategy of achieving revenue of $3 billion in China by 2015, and strengthen AkzoNobel’s leadership position in the country’s automotive refinishes market.
Today, AkzoNobel announced an important step in its global Decorative Paints’ marketing strategy: a single global brand identity for its retail consumer paint range. The Let's colour identity includes the brands Dulux, Flexa, Levis, Alba, Coral, Marshall, Astral, Bruguer, Dulux Valentine, Inca, Sadolin and Vivechrom.
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