In 2007 Organon International was sold to Schering-Plough for €11 billion and AkzoNobel delisted its shares from the US NASDAQ stock market. 1899) and Nederlandse Kunstzijdefabriek (ENKA, est. In the early 2000s the company began another wave of divestitures, first in 2000 with its stake in Rovin's VCM and PVC business to Shin-Etsu Chemical. Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational company which creates paints and performance coatings for both industry and consumers worldwide. The Decorative Paints segment supplies a range of products, including paints, lacquers and varnishes. [25] On 2 May, Reuters revealed that the supervisory board of Azko was meeting to discuss how to deal with PPGs third offer, still maintaining it did not value the company highly enough. In 1986 the company acquired Elektrokemiska Aktiebolaget (Eka), another company founded by Alfred Nobel in 1895. Producer and Supplier of Water Treatment Products and Services. Akzo Nobel NV is a paints and coatings company based in the Netherlands. Currently, a seven-member-strong Executive Committee (ExCo) was established, which is composed of two members of the Board of Management (BoM) and five leaders with functional expertise, allowing both the functions and the business areas to be represented at the highest levels in the company. 2:01pm The other part of the merger, the KZO, was formed when Koninklijke Zout Ketjen merged with Koninklijke Zwanenberg Organon in 1967. It is classified as a public limited company. There are 1382 companies in the AKZO Nobel Management B.V. corporate family. The Company operates through two business segments: Decorative Paints and Performance Coatings. The Decorative Paints segment supplies a range of products, including paints, lacquers and varnishes. Learn more about the sector, industry, classification, employee size, and executives of AKZOY on MSN Money. In 1893 the company became majority owned by Swedish chemist Alfred Nobel. [citation needed], AkzoNobel is a leading coatings company whose key products include automotive coatings, specialised equipment for the car repair and transportation market and marine coatings. A vast library of resources including a media release archive, downloadable images and contact information. Prior to August 2007, the Executive Committee was headquartered in Arnhem. Consolidated sales aggregated NLG 22.2 billion in 1994. In 1999 the company acquired the pharmaceutical business of Kanebo, the Italian pharmaceutical manufacturer, Farmaceutici Gellini, Nuova ICC and Hoechst Roussel Vet. Akzo Nobel NV is a paints and coatings company based in the Netherlands. In 1984 Bofors acquired KemaNobel, which had been established in 1841 and then existed as the result of mergers and acquisitions in 1970: Liljeholmens Stearinfabriks chemicals business (established 1841), Barnängen Tekniska Fabrik AB (1868) and Casco (1928). OVERVIEW - AKZO NOBEL INDIA LIMITED. The status of the company is now Amalgamated. AkzoNobel operates as a paints and coatings company worldwide. Akzo Nobel has its activities grouped in three product groups, but there is no organisational structure on this level Akzo Nobel's objective is to acquire Akzo Nobel N.V. operates as a paints and coatings company worldwide. Headquartered in the Netherlands, we are active in over 150 countries and employ around 34,500 talented people who are passionate about delivering the high-performance products and services our customers expect. It offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials. The company was formerly known as Akzo NV and changed its name to Akzo Nobel N.V. in 1994. CET on Learn more about the sector, industry, classification, employee size, and executives of AKZA on MSN Money. Akzo Nobel India Ltd. 301 Mahakosh House 7/5 South Tukoganj, Nath Mandir GURGAON 122011 P: +91124.2540400 F: +91124.2540849 Courtaulds was merged with Akzo Nobel Fibres forming Acordis, which in December 1999 was divested CVC Capital Partners. A year later, the newly merged entity employed over 33,000 employees in five main product areas: alkali products, explosives, metals, general chemicals, and dyestuffs. The board holds office in Amsterdam. In the late 70s and early 80s the company continued to make a number of acquisitions. The Company operates through two business segments: Decorative Paints and Performance Coatings. Base Chemicals has an outstanding reputation in handling and recycling chemical waste containing chlorine. We're experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Its world class portfolio of brands - including Dulux, International, Sikkens and Interpon - is trusted by customers around the globe. In 2006 the group acquired Canadian decorative and industrial coatings company, SICO Inc. and a year later Canadian industrial coatings company, Chemcraft International, Inc. The ExCo includes Chairman and CEO Thierry Vanlancker, CFO Maarten de Vries, Marten Booisma (responsible for Human Resources), Isabelle Deschamps (General Counsel), Werner Fuhrmann (responsible for Specialty Chemicals), Ruud Joosten (Chief Operating Officer, Paints & Coatings). [31], The company AkzoNobel is focused on paints and coatings. Sales in 2016 were EUR 14.2 billion.[2]. [30] Büchner stepped down as CEO in July 2017, citing health reasons. The company'division specializes in specialty chemicals are used in paints, detergents, foods, plastics, cosmetics, construction, pulp & paper, pharmaceuticals, electronics, agriculture and petroleum products. We create everyday essentials to make people's lives more liveable and inspiringWe create everyday essentials to make people's lives more liveable and inspiring. Under Dutch company law, PPG had to then decide to either make a formal bid or walkaway. [15] On April 13, Templeton Global Equity said it was among another group of investors calling for an extraordinary meeting of AkzoNobel shareholders to discuss Burgmans continued tenure as Chairman. AkzoNobel has a passion for paint. 1887), a meat export factory based in Oss merged with Organon, a pharmaceuticals company founded by Saal van Zwanenberg, also in Oss. It provides decorative paints, including paints, lacquers, and varnishes; mixing machines, color concepts, and training courses for the building and renovation industry; as well as specialty coatings for metal, wood, and other building materials. Headquartered in the Netherlands, we are active in over 150 countries and employ around Joint ventures operated with energy companies enable Akzo Nobel to make competitive use of combined heat and power (cogeneration) to assist in the production of vacuum salt and chlorine. In 1984 Bofors acquired majority interest in KemaNobel, both companies have historic ties to Alfred Nobel, the 19th century Swedish inventor whose invention of dynamite gave a safe way to manage the detonation of nitroglycerin. There are 4 companies in the Akzo Nobel Inda, S.A. de C.V. corporate family. Expancel has its head office in Sundsvall, Sweden. In 1933 the company "discovered" polyethylene, which is later patented and sold as an insulating material. Description. The number of employees is about 200. The latest information and resources relating to our business and financial performance. In 2001 divests ADC optical monomers business to Great Lakes Chemical, in 2002 its printing inks business, in 2004 its catalyst business to Albemarle Corp., in 2005 its Ink & Adhesive Resins to Hexion and UV/EB Resins to Cray Valley, in 2007 its Akcros Chemicals to GIL Investments. Learn more about the sector, industry, classification, employee size, and executives of AKZA on MSN Money. It analyzes the business and marketing strate… A complete guide to our extensive portfolio of innovative products, services and technologies. Sales in 2016 were EUR 14.2 billion. Description. Company profile for Akzo Nobel N.V. including key executives, insider trading, ownership, revenue and average growth rates. See the company profile and updated insider trades of Akzo Nobel NV (AKZA). The KNZ was formed in 1918 by Ko Vis as a salt producing company; a business that to this day plays an important role in AkzoNobel's activities. It offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials. The current status of Akzo Nobel Chemicals (India) Limited is - Amalgamated. About Akzo Nobel NV. Akzo Nobel N.V. has a passion for paint. In 1994 Akzo and Nobel Industries agreed to merge, forming Akzo Nobel, with the new combined entity having 20 business entities a number of divestments were made: Nobel Chemicals, Nobel Biotech and Spectra-Physics. [3] The milestone mergers and divestments are the formation of AKZO in 1969, the merger with Nobel Industries in 1994 forming Akzo Nobel, and the divestment of its pharmaceutical business and the merger with ICI in 2007/2008 resulting in current-day AkzoNobel. In 1996 the group sold the crop protection business to Nufarm. Akzo Nobel N.V. Akzo Nobel NV is a holding company that engages in the manufacture and sale of coating and paint products. [26], In early May, Akzo again rejected PPGs bid, citing the deal still undervalued the company, as well as potentially facing antitrust risks, and not addressing other concerns such as "cultural differences". View detailed AKZOF description & address. [24] Days later one of Great Britain's largest pension scheme investors, Universities Superannuation Scheme (USS), urged Akzo to engage with PPG. Description. In 1997 ICI acquired four businesses from Unilever: National Starch, Quest, Uniqema, and Crosfield and began to divest its bulk commodity businesses. AKZO Nobel Management B.V. is located in Arnhem, GELDERLAND, Netherlands and is part of the Custodial & Trust Services Industry. The group is an expert in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Discover more about who we are, how we’re organized, what we do and what we believe in. [4] The other part, Koninklijke Zwanenberg Organon, was formed when Zwanenberg's Fabrieken (est. Business Profile Akzo Nobel Coatings Inc. Company monitor. [17][18] The new Akzo strategy was dismissed by PPG, which claimed that their offer represented better value for shareholders,[19][20] supported by activist Akzo shareholder, Elliot Advisors. The Company operates through two business segments: Decorative Paints and Performance Coatings. They created a joint venture, the NV I.S.E.M., whose successes and profits laid the foundation for the ENKA's subsequent acquisitions and mergers and which was eventually absorbed by the AKU in 1938.[5]. Akzo Nobel N.V. operates in the Paints & Allied Products sector. Report with financial data, key executives contacts, ownership details & and more for Akzo Nobel Baltics AS in Estonia. Akzo Nobel NV history, profile and corporate video Akzo Nobel NV engages in the production and supply of decorative paints, performance coatings and specialty chemicals. AkzoNobel – Company Profile AkzoNobel – Centuries of success AkzoNobel is a Dutch multinational company which produces paints and coatings for markets ranging from aerospace to … See the company profile and updated insider trades of Akzo Nobel NV (AKZOY). healthcare products, and fibers. In 1986 focusses to paint and specialty products with the purchase of Beatrice's Chemicals Division and Glidden Paint. [12] A number of shareholders urged the company to explore the offer and subsequent negotiations. Ultimately, AkzoNobel products were found in everyday items such as paper, ice cream, bakery goods, cosmetics, plastics and glass. [36][37][38][39] Expancel produces expandable microspheres under the tradename "Expancel Microspheres". The registered office of Akzo Nobel India Limited is at GEETANJALI APARTMENT, 1ST FLOOR, 8-B, MIDDLETON STREET, KOLKATA, West Bengal. [22] Akzo shareholder, Columbia Threadneedle Investments, urged the company to open dialogue with PPG,[23] whilst PPG claimed that the deal would add to earning within its first year. See the company profile and updated insider trades of Akzo Nobel NV (AKZA). He was succeeded by Thierry Vanlancker, former chief of the company's chemicals division. The latter faced, amongst others, technical problems in the manufacturing of synthetic fibers. Akzo Nobel is a paints and coatings company operating through Decorative Paints and Performance Coatings segments. It offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials. [27] In early June, PPG chose to walk away from the potential deal. In 1986 the group divested its civil explosives business, Nitro Nobel, whilst acquiring paper and pulp group Eka AB. [21] On April 24, a day before Akzo's annual meeting of shareholders, PPG increased its final offer by approximately 8% to $28.8 billion (€26.9 billion, €96.75 per share)—with Akzo's share pricing rising 6% to a record price of €82.95 per share. This company profile offers a comprehensive analysis of the organization, its business segments, and competitors. It offers decorative paints, including paints, lacquers, and varnishes; a range of mixing machines and color concepts for the building and renovation industry; and specialty coatings for metal, wood, and other building materials primarily under the Dulux, Coral, Levis, and Flexa brands. [11] Days later, PPG again launched an increased bid of €24.5 billion ($26.3 billion), which was again rejected by AkzoNobel's management. Parts of the current company can be traced back to 17th-century companies. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs approximately 46,000 people. Production, R&D, sales and marketing is located in Sundsvall. [13][14] In April, activist investor, Elliot Investors' called for the removal of Chairman Antony Burgmans following Akzo's refusal to submit to discussing with PPG. Each business unit had an annual turnover of approximately EUR 1 billion to 1.9 billion.[35]. In 1990, Pharos acquired American electronics group Spectra-Physics. The product groups Pharma, Coatings and Chemicals do not form an organisational layer. In 2008 Crown Paints was sold in a management buyout. Its subsidiaries are market-driven and technology-based, serving customers throughout the world with coatings and chemicals products. The former was itself a merger of Koninklijke Nederlandse Zoutindustrie (KNZ) and Ketjen. In 1978 KemaNord acquired Swedish civil explosives chemical group Nitro Nobel and Liljeholmens Stearinfabrik; in 1981 it acquired Swedish electronics group Pharos from AGA and a year later the paints group Nordsjö. Akzo Nobel NV is a paints and coatings company based in the Netherlands. In 1988 the company acquired Berol Kemi from Procordia. Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational company which creates paints and performance coatings for both industry and consumers worldwide. Akzo Nobel Inda, S.A. de C.V. is located in Apodaca, NUEVO LEON, Mexico and is part of the Paint & Coating Manufacturing Industry. It was incorporated on 12 March, 1954 and is located in Kolkata, West Bengal. Its operations are carried out through the following segments: Decorative Paints, Performance Coatings, and Specialty Chemicals. [10] which merged in 1926, forming ICI. The Company operates through two business segments: Decorative Paints and Performance Coatings. The Corporate Identification Number (CIN) of Akzo Nobel India Limited is L24292WB1954PLC021516. Paint Manufacturing Materials. Elliott, which has a 3.25% stake in the company, claimed it was one of a group of investors that met the Dutch legal threshold of 10% voting-share support, which is needed to call an extraordinary meeting to vote on a proposal to remove Burgmans. AkzoNobel has a long history of mergers and divestments. Akzo Nobel India Limited is a listed public company. 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