Operation Night Watch
We recently partnered with the Rijksmuseum for one of the most innovative projects in the history of art – the live restoration of Rembrandt’s Night Watch. In a spectacular fusion of old and new, Operation Night Watch will use ground-breaking techniques to preserve the painting for future generations. We’ll also be contributing our color expertise to the historic project.
New paint range pounces on French market
Our Dulux Valentine decorative paint brand in France has roared onto the market with a new EasyCare product called Color Resist. The EasyCare range (also known as EasyClean) has now been introduced in 26 countries worldwide, including brands such as Dulux and Marshall. The extensive launch in France proved to be a great success, with a widespread TV campaign due to continue into August. The French brand – which uses a distinctive black panther on its packaging – launched the Color Resist range in April.
AkzoNobel rises to challenge of historic Hudson Yards project in New York
New York’s historic Hudson Yards development – which is changing the city’s iconic skyline – has reached its latest milestone, and AkzoNobel has made a major contribution.
The largest private real estate development in US history, the ongoing project recently saw the completion of the two towers at 10 and 30 Hudson Yards. Taller than the Empire State Building, the impressive glass and steel structure of 30 Hudson Yards uses the company’s high performance architectural powder coatings, while 10 Hudson Yards features AkzoNobel’s industrial coatings.
Paint the Future goes beyond expectations
Our pioneering Paint the Future startup challenge proved to be a huge success, with five business agreements being awarded by AkzoNobel at the accelerator event held in May. Organized in conjunction with partner KPMG, the challenge attracted 160 submissions, with the 21 shortlisted startups being given the chance to collaborate with industry experts and further their solutions. The agreements are the first to emerge from a new innovation ecosystem which will help us to further push the boundaries of the paints and coatings industry and better meet customer needs.
Making powder coatings even more sustainable
Our powder coatings have become even more sustainable following the introduction of a full range of Interpon Low-E products by our Powder Coatings business. A complete range of smooth finishes in Interpon 610 has been added to the coarse texture range launched last year. Specially engineered for curing at temperatures lower than the current standard of 180-190°C, the new offering is polyester TGIC-free, saves energy and helps customers to improve their efficiency.
AkzoNobel and Airbus advance innovation in aerospace industry
A new chromate-free exterior primer has been developed by AkzoNobel and Airbus. Newly qualified by Airbus and now included in the aircraft manufacturer’s specifications, Aerodur HS 2121 is designed to be applied at the final assembly stage to virtually all external aircraft surfaces. In addition to being free from chromates, the new primer provides users with numerous performance, appearance and application benefits.
We are delivering towards our Winning together: 15 by 20 strategy and continue creating a fit-for-purpose organization for a focused paints and coatings company, contributing to the achievement of our 2020 guidance.
Demand trends differ per region and segment in an uncertain macro-economic environment. Raw material inflation is expected to stabilize during the second half of 2019. Continued pricing initiatives and cost-saving programs are in place to address the current challenges.
We continue executing our transformation to deliver the next €200 million cost savings by 2020, incurring one-off costs in 2019 and 2020.
We target a leverage ratio of between 1.0-2.0 times net debt/EBITDA by the end of 2020 and commit to retain a strong investment grade credit rating.
The report for the second quarter 2019 can be viewed and downloaded here.