Keyword: AkzoNobel

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AkzoNobel Opens UK Paint Plant

15.09.2017 - Dutch paints and coatings group AkzoNobel has officially opened what it describes as the “world’s most advanced and sustainable paint plant” in Ashington, UK, where it will become...

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Akzo Issues Profit Warning, CFO on Leave

11.09.2017 - The turmoil at AkzoNobel shows no signs of subsiding. The worst seemed over as the Dutch coatings producer temporarily ended a feud with activist investor Elliott Advisors in...

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Mining Giant BHP to Exit US Shale

29.08.2017 - Anglo-Australian mining group BHP is actively pursuing a sale of its US shale assets, which it has determined as non-core to its portfolio. The company unveiled the plans during...

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AkzoNobel and Elliott Advisers Call a Truce

21.08.2017 - AkzoNobel and activist shareholder Elliott Advisors have called a truce, ending their feud at least temporarily. Under a standstill agreement, they have promised to suspend all...

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Akzo Wins Second Case against Hedge Fund

14.08.2017 - AkzoNobel has won a second court case against US activist investor Elliott Advisors. An Amsterdam district court ruled on Aug. 10 that the coatings producer does not have to call a...

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AkzoNobel Restructures Management, Calls EGM

01.08.2017 - Akzo Nobel has given its Executive Committee (managing board) a new structure following the departure of CEO Ton Büchner, who stepped down on Jul. 19, citing health reasons. In...

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Akzo Chief Ton Büchner Steps Down

24.07.2017 - Citing health reasons, Ton Büchner stepped down as CEO of Akzo Nobel with immediate effect on Jul. 19. The 52-year-old executive, who took a leave of absence due to exhaustion...

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AkzoNobel to Hike Peroxide Capacity in China

21.07.2017 - AkzoNobel’s Specialty Chemicals business is planning a further expansion of its organic peroxides plant in Ningbo, China, during the next two years. A project is already underway...