AkzoNobel (AKZA; AKZOY) announced the opening of a new €26 million ($28.1 million) manufacturing plant with its own forest in Faisalabad, Pakistan. The 25-acre site, which has facilities for making decorative paint, wood finishes, automotive and specialty coatings, coil coatings and protective coatings, will help to meet increasing customer demand across a variety of markets. […]
AkzoNobel Announces Automotive & Specialty Coatings Leadership Changes
AkzoNobel (AKZA; AKZOY) today announced that John Griffin, Regional Director Americas Automotive & Specialty Coatings has assumed responsibility for AkzoNobel’s Global Film business in addition to his current responsibilities. The company has also made some adjustments to the U.S. Vehicle Refinishes Sales organizational structure and effective immediately. Dan Carranza is promoted to Sales Director, Vehicle […]
AkzoNobel Joins Innovation Program to Solve Societal Challenges
More than 82 companies, businesses and social organizations, including AkzoNobel (AMS: AKZA; OTCMKTS: AKZOY) are involved in a major Dutch research program focused on developing new technologies that will help solve some of today’s societal challenges. Seven broad consortia have been established as part of the government-funded “Perspectief” program, with AkzoNobel set to play a […]
AkzoNobel and Kansai Paint Agree Not to Proceed with Africa Acquisition
AkzoNobel and Kansai Paint announced have mutually agreed not to proceed with the company’s previously announced acquisition of Kansai’s paints and coatings activities in Africa. Commenting on the decision, AkzoNobel CEO, Greg Poux-Guillaume, said, “It’s disappointing that this intended acquisition cannot move forward, but we remain committed to our strong businesses and leading brands in […]
AkzoNobel 24-hour Challenge to Accelerate Repair Industry Carbon Reduction November 21-22 in Amsterdam
AkzoNobel (AMS: AKZA; OTCMKTS: AKZOY) announced an initiative to reduce the collective carbon footprint of the vehicle repair industry will take place in November. The Vehicle Repair (VR) Sustainability Challenge brings together strategic partners from across the entire vehicle repair value chain, including insurance companies, fleet and lease companies, body shops and original equipment manufacturers (OEMs). […]
AkzoNobel Create First Bio-Based Interior Coating for KIA Motors
KIA Motors is using bio-based paint supplied by AkzoNobel for the inside of its new EV9 electric SUV. It’s the first time the vehicle manufacturer has specified an interior bio-based coating. Two kinds of bio-rosin, a solid form of resin, have been used to create the product, one extracted from rapeseed, the other from pine […]
AkzoNobel Completes Acquisition of Chinese Decorative Paints Business
AkzoNobel announced it has completed the acquisition of the Chinese Decorative Paints business of Sherwin-Williams that had been announced in April. The acquisition will further boost the company’s position in China and will allow the company further market segmentation and reinforce its position outside of the premium segment. The business has an annual revenue of […]
AkzoNobel Reports Second Quarter Sales of €2.741 Billion
Sales were down 4% compared to last year, but up 3% in constant currencies. Company increases financial guidance for full year. Akzo Nobel N.V. (AKZA; AKZOY) reported revenue of €2.741 billion ($3.023 billion) in the second quarter, down 4% on unfavorable exchange rates but up 3% in constant currencies compared to the second quarter of […]
AkzoNobel Unveils Mural at the Pontiac Transportation Museum
AkzoNobel (OTCMKTS:AKZOY) celebrated Independence Day by unveiling a mural at the new Pontiac, Michigan Transportation Museum. The museum is expected to open later this year and will honor the industrialization of this community and the many people whose work inspired these efforts. Through the museum’s existing and growing collections, they will help educate and inspire […]
AkzoNobel Introduces Sustainable Repair Network in Europe
AkzoNobel announced a new program to help vehicle refinish and collision repair centers in Europe reduce their carbon footprint. By certifying the operations of its customers, AkzoNobel will partner with them to help measure, monitor and improve CO2 emissions. It will leverage its position in sustainability to deliver the tools, knowledge, support and experience for […]
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