The establishment of the subsidiary is in line with Akzo Nobel's strategy to build strong distribution networks, supported by the company’s own organizations in key markets.
"This new business will make an important contribution towards strengthening our position in South Africa, which we see as one of our strategic growth markets," explained Cor de Grauw, General Manager of Akzo Nobel Car Refinishes.
"Moreover, it enables us to even further improve the high level of service to which our customers have become accustomed."
The company’s Coatings group already has a presence in South Africa with its International Marine Coatings and Powder Coatings businesses, both of which hold leading positions in their respective markets.
(Released: October 28, 2003)