Tag: Akzonobel

Sweden adjudged best country to be an immigrant
Global

Akzonobel enters Sweden with its expansion project

AkzoNobel’s has broken ground at its Kvarntorp plant in Sweden as part of a project to expand production capacity for chelated micronutrients, which are used as essential minerals in the agricultural market. The investment of more than €10 million will help meet growing demand for micronutrients, particularly in regions with […]

AkzoNobel completes USD10 million sulfur investment in LeMoyne
Global

AkzoNobel completes USD10 million sulfur investment in LeMoyne

AkzoNobel’s Specialty Chemicals business has completed a $10 million investment at its LeMoyne sulfur derivatives plant in the US, which supplies essential ingredients used in several major industries. Located in Alabama, the investment includes a 20,000 dry metric ton expansion for the production of sodium hydrosulfide (NaSH), which the company […]

AkzoNobel to sell EUR500 million floating rate debt note
Global

AkzoNobel to sell EUR500 million floating rate debt note

Paint and coating giant, AkzoNobel, has launched a €500 million floating rate note (FRN) at attractive terms, with a two-year maturity. The company said the new issue will enable it to take advantage of favourable market conditions and low-interest rates while strengthening its liquidity position. Proceeds of the notes will […]

AkzoNobel’s third quarter revenue fell to EUR383 million
Global

AkzoNobel’s third quarter revenue fell to EUR383 million

Global paints and coatings manufacturer, AkzoNobel said its EBIT revenue for the third quarter fell drastically despite volume growth and nonorganic activities. EBIT revenue fell to EUR383 million compared to EUR442 million posted in the year before. The company explained that result was impacted by unfavourable currencies, temporary disruption to […]

AkzoNobel begins salt production in Denmark
Global

AkzoNobel begins salt production in Denmark

AkzoNobel’s Specialty Chemicals business has completed the expansion of a production site in Denmark which supplies essential pharmaceutical grade salt for the healthcare industry. Located in Mariager, the products supplied by the facility are used as an active pharmaceutical ingredient in various applications, including intravenous solutions, insulin and baby food. […]

AkzoNobel announces new management structure
Global

AkzoNobel announces new management structure

AkzoNobel has announced a new management structure for its Paints and Coatings business in advance of creating two focused high-performing businesses; Paints and Coatings and Specialty Chemicals. This announcement follows the recently communicated changes to the Executive Committee, including the appointment of Ruud Joosten as Chief Operating Officer and David […]