News and Press Releases
Below you’ll find our ten latest news releases. You can also search for past releases using the menus provided.
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AkzoNobel has reached an agreement to supply coatings for the roof of Brazil's famous Maracanã Stadium - which will host a major soccer final in 2014. The contract was secured via a dedicated team which offers complete coatings solutions for large infrastructure projects around the world.
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At today’s Annual General Meeting (AGM), shareholders of Akzo Nobel N.V. (AkzoNobel) approved the company’s 2011 financial statements and agreed that the 2011 financial year dividend would be €1.45 (2010: €1.40) per common share. An interim dividend of €0.33 was paid in November 2011, which means the final payment will be €1.12 per share.
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Akzo Nobel N.V. (AkzoNobel) today reported a 6 percent increase in first quarter revenue compared with the same period in 2011, mainly driven by pricing actions to offset higher raw material costs. The EBITDA for Q1 was 3 percent lower at €423 million, due to weaker end markets and cost inflation. The company also announced that its global performance improvement program is on track.
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AkzoNobel today announced a number of personnel changes in its governance structure. Two new Supervisory Board members will be nominated for election by shareholders at the 2012 Annual General Meeting of shareholders, while Rob Frohn, Board of Management member responsible for Specialty Chemicals, will leave the company. All changes will become effective on May 1, 2012.
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Akzo Nobel N.V. (AkzoNobel) today published Q4 and full-year results for 2011. The company reported revenue growth across all Business Areas, led by price/mix developments of 5 percent and a 2 percent volume increase.
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AkzoNobel is planning to invest €80 million in the construction of a new pulp Chemical Island facility in Brazil. The plant, operated by the company’s Pulp and Paper Chemicals business, Eka Chemicals, will supply the Suzano Maranhão pulp mill. This is AkzoNobel’s second largest investment in Brazil in the past 12 months and further expands Eka Chemicals’ sustainability-focused Chemical Island concept.
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AkzoNobel has today completed its acquisition of China’s leading specialty surfactant producer, Boxing Oleochemicals. Boxing is a leading supplier of nitrile amines and derivatives, which are used in a variety of industrial and consumer applications including fabric softeners, asphalt additives, and hair conditioners.
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AkzoNobel plans to strengthen its position in packaging coatings by exercising the right to buy the remaining shares of Metlac, an Italian based packaging coatings producer. Financial details were not disclosed.
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AkzoNobel has today announced the results of its tender offer launched on 8 December 2011 to buy back a proportion of its bonds set to mature in January 2014 (7.75 percent, €1 billion) and March 2015 (7.25 percent, €975 million).
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AkzoNobel announced today that the company intends to issue a €800m euro bond with a seven year maturity, at a coupon of 4%. The announcement of the bond was well received by the market with an order book exceeding €3 billion.
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