
AkzoNobel Invests €22 Million Streamlining France Operations
AkzoNobel has proposed a €22 million investment to make its Montataire site a flagship for decorative paint production in France.
AkzoNobel has proposed a €22 million investment to make its Montataire site a flagship for decorative paint production in France.
A newly updated and automated production line is operational at AkzoNobel’s Suzhou site in China. The improvements are part of a €14 million investment to accelerate growth and double the plant’s marine and protective coatings capacity by 2025.
AkzoNobel has announced the intention to close the manufacturing sites of Groot-Ammers (The Netherlands), Cork (Ireland), and Lusaka (Zambia) and transfer the production to other locations in the region.
AkzoNobel has completed a significant investment project at its production facility in Bac Ninh province, Vietnam, aimed at strengthening the company’s position in Asia and focusing on more sustainable manufacturing. The total investment amounts to €18.5 million.
Dutch paints and coatings group AkzoNobel has been opened a new €26 million manufacturing plant Faisalabad, Pakistan – the company’s largest investment in the country to date.
The major capacity expansion was completed at AkzoNobel’s Powder Coatings site in Como, Italy. The expansion is aimed to secure supply to customers across Europe, the Middle East, and Africa (EMEA).
AkzoNobel has signed a strategic agreement with China’s Wuxi El Pont Radiation Technology to develop a pioneering process that uses electron beams to cure coatings on metal substrates.
AkzoNobel is investing €32 million in a new plant at its Vilafranca site in Spain, which will produce bisphenol-free coatings for the metal packaging industry in Europe, Middle East and Africa (EMEA). AkzoNobel expects facility to be operational by mid-2025 and to create around 40 jobs.
AkzoNobel has completed the acquisition of Sherwin-Williams’ Chinese decorative paints business, including the widely known Chinese Huarun brand.
Compared with Q2 last year AkzoNobel, a coatings and sustainable paints company, saw revenue 4% down on unfavorable exchange rates, 3% up in constant currencies, and considerable increases in both its operating income and net cash from operating activities.
AkzoNobel has agreed to buy Sherwin-Williams’ Chinese decorative paints business for an undisclosed sum. The transaction is expected to close in the second half of this year. The business has annual revenues of about €100 million and employs about 300 people.
Dutch paints and coatings group AkzoNobel has announced it will spend €20 million to increase and improve production at two of its sites in France, creating around 30 new jobs.
AkzoNobel has agreed to buy the wheel liquid coatings business of Berlin-based Lankwitzer Lackfabrik for an undisclosed sum.
Dutch paints and coatings group AkzoNobel has invested an undisclosed sum in a new production line in China for water-based texture paints.
AkzoNobel has agreed to buy Kansai Paint’s activities in Africa, strengthening its footprint in the region. The sale is expected to close in 2023, subject to regulatory approvals. Financial terms were not disclosed.
AkzoNobel has opened a new £10 million global research and development center at its Slough site in the UK. The Amsterdam-based paints and coatings giant said the new facility employing 20 specialists will act as a major hub within its R&D network and help to further advance its innovation capabilities, especially for decorative paints.
Dutch paints and coatings group AkzoNobel has announced plans to expand its in-house resin manufacturing. The scale-up program is already underway and will, said AkzoNobel, help build resilience against supply disruptions, as well as contribute to achieving its financial and Scope 3 (upstream) carbon reduction ambitions.
AkzoNobel has agreed to purchase Colombia-based paints and coatings company Grupo Orbis, expanding its footprint in South and Central America. Financial terms of the deal, which is expected to close by the end of this year, were not revealed.
The European Chemical Industry has set out on an ambitious path to become carbon neutral. Germany, as one of the major chemical manufacturing nations, has committed to achieve this goal by 2050.
The European Chemical Industry has set out on an ambitious path to become carbon neutral.
AkzoNobel has conceded defeat in its bid to buy Tikkurila, leaving the way clear for US rival PPG Industries to continue with its acquisition of the Finnish paints and coatings company.
Dutch paints and coatings specialist AkzoNobel has offered to buy Finland’s Tikkurila as it moves to top a bid by rival US firm PPG Industries.
Dutch paints and coatings group AkzoNobel has agreed to buy the decorative paints business of Spain’s Industrias Titan for an undisclosed sum.
Paints and coatings group AkzoNobel is investing €20 million to expand capacity for automotive powder coatings at its site in Como, Italy. The company said the project will strengthen its market position and sharpen its focus on greener manufacturing.
AkzoNobel has completed its acquisition of Stahl Performance Powder Coatings, adding to its range of products for heat sensitive substrates. The Dutch coatings giant said the deal gives it accelerated access to unique low curing technology and strengthens its position as a complete provider of sustainable solutions for these substrates, in particular for its wood coatings customers.