The future of AkzoNobel

 


A world class business
 

Industries worldwide rely on our specialty chemicals to manufacture products such as paper, plastics, detergents and essentials for the construction, agricultural and pharmaceutical sectors.

Building on the dedication and engagement of our employees and our commitment to safety, sustainability and collaborative innovation, we have established a world class business with strong ties to our customers.

We are now entering a new chapter to further accelerate growth which involves separating the Specialty Chemicals business.


Werner Fuhrmann, CEO AkzoNobel Specialty Chemicals

World class Specialty Chemicals business

Achieving our full potential

Thanks to a balanced and resilient portfolio with leadership positions in high growth segments, we achieved record profitability in three consecutive quarters.

We will continue to improve our results through our growth strategy, building on three strategic levers.

Specialty Chemicals - Unleashing an industry leader to achieve its full potential

  1. Continued operational excellence
    We will continue to optimize our production processes and reduce non-product related spend. We target €150 million of fixed cost savings, offsetting inflation, and €100-150 million in working capital release through integrated business planning by 2020.
  2. Accelerating growth
    By accommodating the growth of our key customers, we target to generate an additional €250 million in EBITDA by 2020.
  3. Separating Specialty Chemicals
    Creating a focused, separate business will allow for further growth investments, targeting an additional €200 million in EBITDA by 2022.

Learn more about our new growth strategy via the Investor presentation given on April 19, 2017.

Separation to create a focused chemicals business
Now is the right time to create two focused, high-performing businesses. This strategy will create substantial value for shareholders and all stakeholders while allowing Specialty Chemicals to accelerate its growth.

Project teams are in place to separate the Specialty Chemicals business. We are pursuing a dual-track process with active consideration of a separate listed entity or sale and expect the separation process to be completed by early 2018.

Dual-track process for separation within 12 months

Media

AkzoNobel Specialty Chemicals full investor presention