AkzoNobel today announced the launch of Sikkens Autoclear Xpress Clearcoat, the latest development in rapid cure technology from AkzoNobel. Containing unique, hyper-cure resin technology, Autoclear Xpress covers in 1.5 coats with no flash in between, is out of dust in as little as 10 minutes and can be polished in 50 minutes. Designed to accelerate […]
AkzoNobel Opens New High-Tech Instructional Center
AkzoNobel announced the grand opening of its new national meeting and instructional center complete with ultra-high-tech audio-visual equipment to help those virtually attending meetings or training feel like they’re right in the room. The idea for this new, high-tech hybrid training center came from AkzoNobel’s Michael Kuntz, who is responsible for employee, distributor and end-user […]
AkzoNobel Continues Investment in Women’s Industry Network’s Future
AkzoNobel is a long-time leader in recognizing and championing women in the collision repair industry. In 1999, AkzoNobel created the Most Influential Women award to help promote diversity and sustainability in the collision repair workforce. In 2006, the Women’s Industry Network (WIN) was established and AkzoNobel has been a top tier sponsor each year. AkzoNobel […]
AkzoNobel Reports Sales Down Just 5% in Third Quarter Compared to 2019 and Up 1% on Constant Currency Basis
CEO says refinish outperforming market. Akzo Nobel N.V. (AKZA; AKZOY) announced that revenue for the third quarter 2020 were €2,398 million ($2,847.4 million), down 5% from the third quarter of 2019, but up 1% on a constant currency basis. Volumes were up 3%, showing strong demand for Decorative Paints, partly offset by lower volumes of […]
AkzoNobel Named New Vendor of the Year by Advance Auto Parts
AkzoNobel announced that it has been named the New Vendor of the Year by Advance Auto Parts. According to remarks made by Advance during the award presentation, “AkzoNobel has shown the highest level of commitment to training, sales support, marketing support and advancing market share than any vendor in their product category in Advance history.” […]
AkzoNobel Introduces Connect API to Share Collision Repair Shop Data with Third Party Software
AkzoNobel announced Connect, its latest digital innovation to enhance efficiency in collision repair shops in North America. The application programming interface (API) facilitates the exchange of data between AkzoNobel’s digital applications such as Carbeat and MIXIT and third-party software applications used by collision repair customers. Connect delivers several advantages for collision repair customers: It drives […]
AkzoNobel Reports Continued Improving Trend in the Third Quarter
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 […]
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