All of AkzoNobel’s locations in North America are now operating on 100% renewable electricity
In the latest benchmark review, the company has been recognized in eight countries – Brazil, China, France, Germany, the Netherlands, Sweden, the UK and the US – all of them repeat certifications.
Current demand trends are expected to continue in Q4, whilst benefits will come from the company’s own initiatives to reduce costs, improve working capital and ongoing pricing initiatives.
The company is currently building a new logistics hub in China which will be finished by the middle of next year.
The shareholders of AkzoNobel appointed new CEO Gregoire Poux-Guillaume as a member of the Board of Management.
AkzoNobel CEO, Thierry Vanlancker, commented: “Despite the significant Q2 headwinds we were able to match the volumes from pre-COVID Q2 2019."
Two of AkzoNobel's French production facilities will be expanded with the investment of 20 million euros creating new jobs.
AkzoNobel has announced that Gregoire Poux-Guillaume will become the company’s new Chief Executive Officer (CEO) as of November 1, 2022. He will succeed Thierry Vanlancker, who has been CEO and member of the Board of Management since 2017, and whose term of office is coming to an end.
Mark Kwok, AkzoNobel’s President of China/North Asia and Business Director for Decorative Paints China/North Asia: “The new production line will help to enhance our leading position in paints and coatings in China by expanding new markets and further driving us our towards our Grow & Deliver strategic ambitions.”
Overall demand signs for paints and coatings remain robust, with North America still constrained in raw material availability and logistics, but sequentially improving. In Europe in particular, macro-economic uncertainty related to consumer confidence has increased.
During an inspirational 24 hours of intense discussion at the pioneering event a series of high impact exploration teams was set up. The participants hacked four key areas: energy transition, process efficiency, solvent emissions and circular solutions.
Scientists from both parties will co-develop what will effectively be a virtual laboratory. The aim is to conduct experiments using quantum computing and other Microsoft Azure cloud services.
Less than 24 hours after winning Paint the Future awards, three startups have already signed their letters of intent to continue working together on sustainable business opportunities with AkzoNobel.
The facility – home to 120 specialists – will act as a major hub within the company’s worldwide R&D network and help to further advance AkzoNobel’s innovation capabilities, especially in the area of decorative paints.
CEO Thierry Vanlancker said that while 2021 was marked by a series of headwinds, the company coped well.
Resins are a key ingredient for making coatings. They’re used as a binder to hold the pigment particles together and provide adhesion to the coated surface.
AkzoNobel’s target is to reduce carbon emissions for the whole value chain by 42% by 2030.
Over the years, the Resicoat range has built up while it provides long-term corrosion protection.
AkzoNobel CEO, Thierry Vanlancker: “Collaboration is key to fighting climate change."
AkzoNobel has acquired Grupo Orbis to expand its position in South and Central America.
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