AkzoNobel reaffirms commitment accelerate growth, profitability

AkzoNobel reaffirms commitment to accelerate growth, profitability

9:35 AM, 2nd June 2017
AkzoNobel headquarters building in Amsterdam, Netherlands. (File photo)

AMSTERDAM, NETHERLANDS: AkzoNobel NV (AKZOY) has noted the recent announcement from PPG Industries Inc (PPG) that it has withdrawn its proposal and will not pursue an offer for AkzoNobel.

“We continue to focus on our business, pursuing our strategy of accelerating sustainable growth and profitability and creating two focused, high-performing businesses – paints and coatings and speciality chemicals. We believe this will lead to a step change in growth and long-term value creation for our shareholders and all other stakeholders,” commented Ton Buchner, CEO of AkzoNobel, following the announcement.

“Our talented teams around the world continue to develop, produce and deliver the most innovative and sustainable products and services for our customers, and I would like to thank all colleagues for their ongoing commitment. We reiterate our commitment to maintaining an open and constructive dialogue with our shareholders and all other stakeholders,” added Buchner.

© Worldofchemicals News 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


BASF increases pigment prices globally

LUDWIGSHAFEN, GERMANY: BASF SE said that it will increase prices for numerous pigments by up to 15 percent worldwide. The price increase predominantl ...

Read more
PPG withdraws proposal in combining with AkzoNobel

PITTSBURGH, US: PPG Industries Inc said that it has withdrawn its proposal to combine with AkzoNobel NV and will not pursue a public offer for all the ...

Read more
Chemical leak at Jefferson county poultry plant leaves three hospitalized

JEFFERSON COUNTY: A chemical leak at a Jefferson County poultry plant sent three people to the hospital Wednesday. The three Coastal Processing worke ...

Read more
AkzoNobel opens new performance coatings facility in Thailand

AMSTERDAM, NETHERLANDS: AkzoNobel NV has opened a new performance coatings production facility in Chonburi, Thailand. With an investment of &euro ...

Read more
Covestro achieves major breakthrough in biobased aniline

LEVERKUSEN, GERMANY: Covestro AG collaborating with partners has achieved a research breakthrough for the use of plant-based raw materials in plastics ...

Read more
PPG issues statement regarding Amsterdam Enterprise Chamber decision

PITTSBURGH, US: PPG Industries Inc has issued the following statement in response to the decision by the Amsterdam Enterprise Chamber: The matter bef ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X