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Akzo Nobel N.V. (AkzoNobel) today reported a positive volume and price/mix development in all three Business Areas. First quarter revenues of €3,383 million were 2 percent lower compared with the same period last year. The decrease was mainly a consequence of a 5 percent impact from currency translation. Operating income was flat at €216 million after €15 million higher restructuring charges and currencies. As a consequence of de-risking our pension liabilities in the UK, other comprehensive income in shareholders’ equity was adversely affected by €0.8 billion. Continuous improvement programs are ongoing and the company is on track to achieve its 2015 targets.
AkzoNobel’s pioneering Intersleek 1100SR foul release technology has won the Clean Shipping category at the 2014 Seatrade Awards.
AkzoNobel’s Powder Coatings business has launched an innovative two-coat, one-bake powder coating system which offers customers significant productivity and energy efficiency improvements and can
also result in lower capital investment.
Official celebrations to mark the 400th anniversary of diplomatic and trade relations between the Netherlands and Sweden were held at the weekend, when AkzoNobel CEO Ton Büchner attended two high profile events designed to highlight the importance and impact of the relationship.
AkzoNobel has introduced the shipping industry's first digital tool that enables operators to accurately assess and predict the risk of hull fouling, depending on which routes are being traded.
Paint pioneers AkzoNobel have developed new technology which is set to pump up the volume for 21st century lifestyles and revolutionize the way people listen to music.
AkzoNobel announces today that the Trustee of the ICI Pension Fund in the UK has entered into two annuity buy-in agreements in line with their on-going strategy of de-risking which is supported by AkzoNobel.
Three winners of the inaugural AkzoNobel Architecture Prize were announced at a ceremony held in Brazil yesterday.
Developed in partnership with the Tomie Ohtake Institute, the award was specifically set up to help develop the careers of young architects.
AkzoNobel will today host a Capital Markets Day in London. The event is intended to give analysts and investors further insights into the operational strategies AkzoNobel is pursuing in its three Business Areas and will feature an introduction from CEO Ton Büchner as well as presentations from the responsible Executive Committee members and from CFO Keith Nichols.
AkzoNobel has completed the expansion of its Industrial Coatings site in Songjiang near Shanghai in China, doubling annual production capacity and creating the company’s biggest plant for packaging coatings in the world.
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