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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.
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.
AkzoNobel today announced that Graeme Armstrong will become Managing Director Surface Chemistry and Country Director for North America. Armstrong is currently Executive Committee member responsible for Research, Development, and Innovation (RD&I). He succeeds Bob Margevich, who has chosen to go into retirement.
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 has today completed its acquisition of more than 95 percent of the shares of coatings manufacturer Schramm Holding AG. The deal was first announced in June of this year.
Akzo Nobel NV (AkzoNobel) signed a new, €1.8 billion five year multi-currency syndicated revolving credit facility to refinance its existing €1.5 billion facility.
In line with the company’s growth ambition and the recent announcement to drive global performance improvement measures, AkzoNobel has announced country leadership and several business unit appointments.
AkzoNobel plans to further strengthen its leadership position in specialty surfactants while enhancing its manufacturing footprint in Asia by acquiring Boxing Oleochemicals. Boxing is the leading supplier of nitrile amines and derivatives in China and throughout Asia.
Akzo Nobel N.V. (AkzoNobel) today announced revenue growth of 5 percent for the second quarter of 2011, driven by volume and price.
While the overall top-line development has remained strong, the demand pattern has been volatile during the quarter, particularly in the mature markets. High growth markets have continued to perform strongly overall.
AkzoNobel, the world’s largest paint and coatings company, today announced plans to build a world class, hi-tech manufacturing facility in the north-east of England, reinforcing its strategic commitment to accelerated and sustainable growth.
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