Akzonobel Acquires 100 Percent Share of
Powder Coatings Venture in Egypt
AkzoNobel has raised its stake in Akzo Nobel Powder Coatings SAE in Egypt from 60 percent
to 100 percent. The transaction forms
part of the company’s accelerated growth
strategy for Egypt and the wider North
Africa region.
As well as operating a state-of-the-art
powder coatings plant in Cairo, Akzo
Nobel Powder Coatings SAE also has
a 90 percent stake in the trading firm
Akzo Nobel Powder Coatings Trading
SAE. Financial details of the deal were
not disclosed.
“This is an important step in our strat-
egy to enhance our presence in the re-
gion,” said Conrad Keijzer, AkzoNobel’s
Executive Committee Member respon-
sible for Performance Coatings. We are
now taking our operations in Egypt and
North Africa to the next level and con-
solidating our credentials as a leader in
the powder coating sector.”
Added Peter Tomlinson, manag-
ing director of AkzoNobel Middle East
& Performance Coatings Africa: “The
full acquisition of Akzo Nobel Powder
Coatings SAE will enable us to further
strengthen our service levels and meet
the growing demands of our customers.
The advanced manufacturing plant will
also add value to our operations, ensur-
ing that we deliver cutting-edge and high
quality solutions for our customers.”
According to industry reports, the
global powder coatings market is ex-
pected to grow at a compound annual
growth rate (CAGR) of 6.8 percent
from 2016 to 2020, to over $11 billion
in value. Both volume and revenues are
projected to grow, led by robust demand
from the packaging, automotive, con-
sumer goods, general industry, architec-
tural and other sectors. The Middle East
& Africa region continues to be a strong
market for the industry.
AkzoNobel is in the process of
strengthening its footprint across the
Middle East and North Africa region,
having recently announced new joint ven-
tures in UAE, Qatar and Oman, and re-
cording double digit growth in the region.
The company also opened a new powder
coatings plant to add to the $10 million
facility opened in Dubai in 2014.
Powder coatings are widely used in
the buildings and infrastructure sector, as
well as for pipelines in the oil and gas industry. The company’s powder products
can also be found on Dubai Metro stations and at Smart Village in Egypt. CW
Index to Companies
This index gives the starting page for a department or feature with a significant reference to a manufacturer of paint, coatings, adhesives and sealants
Subsidiaries are indexed under their own names.
Axalta Coating Systems............................................................................. 10, 38
BASF ......................................................................................................... 10, 38
Florida Paints .................................................................................................. 10
Hempel ........................................................................................................... 10
Line-X............................................................................................................. 10
PPG.............................................................................................. 10, 38, 46, 130
RPM ............................................................................................................... 10
Rust-Oleum..................................................................................................... 38
Sherwin-Williams ............................................................................................ 10
Sika ................................................................................................................. 10
Teknos ............................................................................................................ 10
Tikkurila ......................................................................................................... 10
Valspar ............................................................................................................ 10
