01AkzoNobel N.V. Amsterdam, the Netherlands www.akzonobel.com
PUBLIC COMPANY
YEAR ESTABLISHED: 1994
REVENUE: $14.577 billion ; (2010: 13bn)
MARKETS SERVED
• Decorative paints
• Auto and aerospace coatings
• Powder coatings
• Marine and protective coatings
• Industrial coatings
• Wood finishes and adhesives
KEY EXECUTIVES
Ton Büchner, chairman and CEO; Tex Gunning,
board member responsible for Decorative Paints; Leif
Darner board member responsible for Performance
Coatings. Decorative Paints managing directors:
Richard Stuckes, Europe; Bob Taylor, North America;
Jaap Kuiper, Latin America; Jeremy Rowe, East Asia
and Pacific; Amit Jain, India and South Asia; Lin
Liangqi, China and North Asia.
Performance coatings managing directors: Rob
Molenaar, marine and protective coatings; Jim Rees,
automotive and aerospace coatings; Conrad Keijzer,
industrial coatings; AB Ghosh, powder coatings;
John Wolff, wood finishes and adhesives.
Excluding specialty chemicals operations, AkzoNobel, the world’s largest maker of household paints, saw revenues rise seven percent to $14.577bn in 2011.
The decorative paints business unit recorded revenues of
$7.376bn, which was up seven percent, with volumes up five percent and price increases up three percent. Revenue in Asia and
the Americas showed double digit growth in 2011, mainly driven
by price increases and the new Walmart contract in the United
States. Demand declined in Europe, while growth rates achieved
in China and South East Asia outpaced market growth. However, the pace of market growth slowed down in these markets
in the second half of the year.
Revenue in the performance coatings unit, which includes
auto and aerospace coatings, powder coatings, marine and protective coatings, industrial coatings, and wood finishes and adhesives, saw 2011 revenue rise eight percent to $7.200bn,
In performance coatings, the acquisitions of coatings manufacturer Schramm Holding AG and the coatings business operated by Schramm’s largest shareholder, Korean company SSCP,
closed in early October.
The two deals made AkzoNobel a global leader in specialty plas-
Ton Büchner, former head of
Sulzer AG, officially took over
the helm as AkzoNobel’s chief
executive on April 23, 2012.
tic coatings for mobile devices, laptops and TVs. They also enhanced
its position in the automotive industry with high-end, water-based
technology for plastic and metal and will enable it to bring color and
design to vehicle interiors. Significantly, more than half the combined
revenues of Schramm and SSCP are in Asia—primarily China, Korea,
Vietnam and Thailand—offering Akzo a major opportunity to boost
its industrial coatings activities, particularly in these regions.
Key deveopments 2011
Performance Coatings
• Began supplying the first mainstream passenger vehicle line
in the world to use a powder monocoat
• Inaugurated new research laboratories for fire protection
technology and powder resin polymer in Felling, UK
• Acquired Schramm Holding AG and the coatings activities
operated by Schramm’s largest shareholder, Korean company
SSCP
• Announced investment in new automotive and aerospace
coatings facility in Changzhou, China
• Started up a new plant in Vietnam operated by the wood finishes and adhesives business
• Opened a new powder coatings factory in Monterrey,
Mexico, and expanded a powder plant in Izmir, Turkey
Decorative Coatings
• Launched the new global Dulux brand cluster identity
• Merged three European decorative paints businesses into one
EMEA organization
• Completion of Walmart paint program in the US
• Opened and upgraded more than 720 stores in China
• State-of-the-art manufacturing facility commissioned in
Hyderabad, India
• Zero waste production plant launched in South East Asia
• Coral confirmed as Brazil’s leading paint brand
• Consolidated long-standing relationship in Canada with
major retailer RONA
www.coatingsworld.com
July 2012
