Europe will soon have a new tallest building – and it’s being protected from the ravages of the Warsaw weather by a high class powder coatings system supplied by AkzoNobel. Standing 310 meters tall, the Varso Tower – developed by international workspace provider HB Reavis – will dominate the skyline of the Polish capital. It features a sleek black exterior which has been created by using the company’s Interpon D2525 super-durable topcoat on the cladding and profiles in a striking Noir Sablé shade. Meanwhile, Interpon’s Redox Plus primer provides a super tough core.
Dulux has introduced six special effects paints onto the Indian market. Part of the Ambiance range, the new Marble, Metallic, Linen, Silk, ColourMotion and Desert paints enable consumers to create entirely new designs and patterns. In addition, Dulux has also launched Dulux Ambiance Velvet Touch Elastoglo. Powered by cutting-edge elastomeric properties, the product provides a three-fold increase in the elasticity of the paint film, when compared with other premium interior paints. It means it can cover hairline cracks and protect walls, as well as providing a beautiful finish.
Superyacht builders and applicators can now benefit from revolutionary spray filler technology which is all set to make waves in the industry. Part of our Awlgrip range, Awlfair SF is a high-performance filler which can be applied by pressurized airless spray, rather than by hand. The breakthrough innovation not only allows for wet-on-wet application, it also means up to two coats per day can be applied, without the need for sanding in-between.
The Top Employers Institute has recognized AkzoNobel’s excellence in creating the best conditions for employees. China received certification in December 2019, followed by certificates in the other key markets of Brazil, the UK, the Netherlands and the US. Building on a strong track record of peopledriven initiatives, the company adds its first “Top Employer” certifications in the Netherlands and the US to the certifications already held in the UK for eight consecutive years, seven in China and four in Brazil.
We are delivering towards our Winning together: 15 by 20 strategy and continue creating a fit-forpurpose organization for a focused paints and coatings company, contributing to the achievement of our 2020 ambition. Demand trends differ per region and segment in an uncertain macro-economic environment. Raw material costs are expected to have a moderately favorable impact for the first half of 2020. Continued margin management and cost-saving programs are in place to address the current challenges. We continue executing our transformation, incurring one-off costs, to deliver the previously announced €200 million cost savings. We target a leverage ratio of 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 full-year and fourth quarter 2019 can be viewed and downloaded here.