As the complex situation regarding the global COVID-19 pandemic continues to evolve, Akzo Nobel N.V. (AKZA; AKZOY) yesterday provided an update on recent business performance. According to the company, market headwinds have continued to ease during recent months. Based on current trading, total revenue for the third quarter is expected to be close to previous […]
John Griffin Named Regional Commercial Director, Americas, for AkzoNobel’s Automotive and Specialty Coatings Business
AkzoNobel announced the appointment of John Griffin to the position of Regional Commercial Director to lead its Automotive and Specialty Coatings business in the Americas that was effective August 1. Griffin started his career as a materials engineer before moving into the paints and coatings manufacturing industry. He joined AkzoNobel in 2000 and has held […]
AkzoNobel Reports Improved Margin in Second Quarter on Cost Savings Response to COVID-19 Pandemic
Akzo Nobel N.V. (AMS: AKZA) announced its return on sales (ROS) increased to 14.0% in the second quarter of 2020, up from 13.7% in 2019, due to margin management and cost savings initiatives put in place due to the COVID-19 pandemic. The company reported total cost savings delivered €116 million ($134.3 million) of which €38 […]
AkzoNobel Report Robust Profitability in Second Quarter Despite COVID-19 Headwinds
Akzo Nobel N.V. (AKZA; AKZOY) provided a further update on recent business performance and announces preliminary financial results for the second quarter of 2020: Revenue 19% lower at €1,987 million ($2.265 million) (2019: €2,451 million) Adjusted operating income of €238 million ($271 million) (2019: €305 million) Adjusted operating income as a percentage of revenue, excluding […]
AkzoNobel Details Supplier Innovation Collaborations
Five enterprising companies have embarked on a new innovation journey with AkzoNobel after their inventive ideas were selected as part of the company’s Paint the Future supplier collaboration program. Agreements are now in place with the five successful participants following the inaugural event held last November – which subsequently led to 115 compelling submissions. The […]
AkzoNobel Provides Business Update as it Weathers COVID-19 Storm
As the global pandemic continues to evolve, AkzoNobel in a statement today announced it remains focused on ensuring employee health and safety and maintaining business continuity. The company said the steps taken to continue serving customers and rapidly reduce costs are proving successful, while at the same time keeping the organization intact and able to […]
AkzoNobel Expands Sikkens Online Resources for U.S. Market
AkzoNobel Vehicle Refinishes today announced that it has launched a Sikkens Vehicle Refinishes website specific to the United States market. “We are excited to provide a direct, online resource for products available in the United States,” says John Eubanks, Marketing Manager for AkzoNobel Vehicle Refinishes Americas. “Previously, customers could access this information through the global […]
AkzoNobel Approved by BMW in 44 Countries
The BMW Group has approved AkzoNobel as a supplier of automotive refinish products and services to a large part of its distribution network around the world. The deal came into effect on February 1. Covering 44 countries, the agreement means that the company’s premium Sikkens and Lesonal brands are now approved for paint repairs of […]
AkzoNobel’s Carbeat Collision Repair Workflow Solution Receives U.S. Patent
Carbeat, AkzoNobel’s digital body shop workflow control solution that enables automotive body repair shops to track their work in production and thus operate more efficiently, has been awarded an industry patent. United States Patent No. 10,289,101 protects the system’s intellectual property. The U.S. Patent Office found the Carbeat system inventive based on several features, including […]
AkzoNobel Announces Dave Smith Achievement Award Recipient
Nearing the one-year anniversary of his passing, AkzoNobel has chosen to memorialize legendary and respected industry leader Dave Smith by creating the Dave Smith Achievement Award. The inaugural award was presented this week to Catherine Mathewson, an aspiring collision repair professional, at the 2019 Skills Canada National Competition, held May 28-29, 2019, in Halifax, Nova […]