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In March 2017, PPG Industries launched an unsolicited takeover bid of €20.9bn, which was promptly rejected by AkzoNobel's management. Our world class portfolio of brands - including Dulux, International, Sikkens and Interpon - is trusted by customers around the globe. 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). It's authorized share capital is INR 126.69 cr and the total paid-up capital is INR 45.54 cr. CET on Expancel has its head office in Sundsvall, Sweden. In 1988 the company acquired Berol Kemi from Procordia. The Decorative Paints segment supplies a range of products, including paints, lacquers and varnishes. Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational company which creates paints and performance coatings for both industry and consumers worldwide. [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. 2:01pm [31], The company AkzoNobel is focused on paints and coatings. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs approximately 46,000 people. In 1986 focusses to paint and specialty products with the purchase of Beatrice's Chemicals Division and Glidden Paint. Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}52°20′24″N 4°52′16″E / 52.34000°N 4.87111°E / 52.34000; 4.87111, Acquisition of Imperial Chemicals Industries (ICI), "AkzoNobel sells North American paint arm to PPG for $1.1 billion", "BBC NEWS - Business - Akzo Nobel ICI merger completed", "PPG Makes Revised Proposal to Combine with AkzoNobel", "AkzoNobel shareholders turn up the heat on Dulux owner over rejected PPG takeover bid", "Largest shareholder at big North East employer AkzoNobel urges takeover talks", "Akzo Nobel faces call to axe chairman amid takeover battle", "Another Akzo Nobel investor calls for meeting on chairman", "Akzo Nobel unveils plan to separate chemicals arm, pay special dividend", "Akzo Nobel beats on first quarter operating profit, sees 2017 growth", "PPG Industries says Akzo Nobel's new plan is worse for shareholders", "PPG dismisses Akzo Nobel defence, presses takeover case", "Elliott calls Akzo Nobel strategic plan 'incomplete, "PPG raises offer for Akzo Nobel to $29 billion", "Akzo Nobel shareholder Columbia Threadneedle urges talks with PPG", "Akzo Nobel purchase would add to earnings in first year - PPG CEO", "Akzo Nobel investor USS backs call for PPG talks over revised bid", "Exclusive - Akzo sees latest PPG bid inadequate, weighs options-sources", "Akzo Nobel declines third takeover proposal from PPG", "How PPG lost its $29.5 billion bet on Dulux paint", "Akzo responds to PPG approach after takeover battle ends", "Akzo faces tough battle after fending off PPG", "Akzo Nobel CEO quits, successor must deliver merger defense promises", "AkzoNobel Specialty Chemicals is now Nouryon", "AkzoNobel investing €30 million to meet demand for Expancel", Selected Royal Warrant holders of the British Royal Family, https://en.wikipedia.org/w/index.php?title=AkzoNobel&oldid=992826239, Multinational companies headquartered in the Netherlands, Manufacturing companies based in Amsterdam, Companies formerly listed on Euronext Amsterdam, Pages containing links to subscription-only content, Articles with unsourced statements from August 2012, Creative Commons Attribution-ShareAlike License, Industrial Chemicals (IC), before 1 January 2009 known as Base Chemicals (BC), Pulp and Performance Chemicals, under brand name Eka (PPC), This page was last edited on 7 December 2020, at 08:44. [24] Days later one of Great Britain's largest pension scheme investors, Universities Superannuation Scheme (USS), urged Akzo to engage with PPG. As chemicals producer, AkzoNobel was a world leading salt specialist, chloralkali products, and other industrial chemicals. In 2008 Crown Paints was sold in a management buyout. The company conducts its diversified activities through decentralized business units while exploiting synergies between them. It is classified as a public limited company. A vast library of resources including a media release archive, downloadable images and contact information. [4] The other part, Koninklijke Zwanenberg Organon, was formed when Zwanenberg's Fabrieken (est. Learn more about how we color and protect the world, Get a more detailed overview about what we do, download our company brochure, Search for vacancies and jobs around the world, Find out how we’ve been changing the world since 1646, As of The speciality chemicals group was sold in 2018 and is now named Nouryon. In 1999 the company acquired the pharmaceutical business of Kanebo, the Italian pharmaceutical manufacturer, Farmaceutici Gellini, Nuova ICC and Hoechst Roussel Vet. In 1933 the company "discovered" polyethylene, which is later patented and sold as an insulating material. In 2007 Organon International was sold to Schering-Plough for €11 billion and AkzoNobel delisted its shares from the US NASDAQ stock market. [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". Get detailed information about the Akzo Nobel Pakistan Limited (AKZO) stock including price, charts, company profile, announcements, historical data, financial reports and more. After the merger of AKU and KZO, Akzo made a number of other critical acquisitions; Armour and Company in 1970,[6] Levis Paints in 1985, specialty chemicals division of Stauffer in 1987 and divested its polyamides and polyesters plastics engineering business to DSM in 1992. The number of employees is about 200. The product range includes chemicals, coatings. Description: The company is engaged in the paints and coatings business. There are currently 3 active directors according to the latest confirmation statement submitted on 29th May 2020. [12] A number of shareholders urged the company to explore the offer and subsequent negotiations. [30] Büchner stepped down as CEO in July 2017, citing health reasons. The Decorative Paints segment supplies a range of products, including paints, lacquers and varnishes. In 1996 the group sold the crop protection business to Nufarm. AkzoNobel consists of three main business areas, as well as corporate functions, with business responsibility and autonomy. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs approximately 46,000 people. A complete guide to our extensive portfolio of innovative products, services and technologies. In 1995 the PET resins business was sold to Wellman, Inc.. Business Profile. [4], The AKU was formed in 1929 when the Vereinigte Glanzstoff Fabrike (est. The latest information and resources relating to our business and financial performance. Description. It analyzes the business and marketing strate… In 1893 the company became majority owned by Swedish chemist Alfred Nobel. In 2007, Uniquema was sold to Croda International. Each business unit had an annual turnover of approximately EUR 1 billion to 1.9 billion.[35]. View all financials Explore our tools healthcare products, and fibers. Year on year Akzo Nobel India Ltd had revenues fall -8.79% from 29.18bn to 26.62bn, though the company grew net income 12.51% from 2.11bn to 2.37bn. It was incorporated on 12 March, 1954 and is located in Kolkata, West Bengal. Akzo Nobel UK Ltd has been running for 107 years. Under Dutch company law, PPG had to then decide to either make a formal bid or walkaway. Akzo Nobel NV is a paints and coatings company based in the Netherlands. Courtaulds was merged with Akzo Nobel Fibres forming Acordis, which in December 1999 was divested CVC Capital Partners. Expancel has sales offices in Germany, the Netherlands, Poland, Russia, Italy, US, Brazil, Thailand, Singapore and China. 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 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. These products were used on London's Millennium Wheel, La Scala Opera House in Milan, the Öresund Bridge between Denmark and Sweden, the Beijing National Stadium, Airbus A380, and Stadium Australia in Sydney. There are 1382 companies in the AKZO Nobel Management B.V. corporate family. Sales in 2016 were EUR 14.2 billion. 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. In the late 80s a number subsidiary companies made various acquisitions; Casco Nobel acquired: Sadolin & Holmblad in 1987, Parteks adhesives and joint compound operations in 1988 and English paints group, Crown Berger in 1990. The company also provides performance coatings to protect and enhance ships, cars, aircraft, yachts, architectural components, consumer goods, and oil and gas facilities. AkzoNobel has a long history of mergers and divestments. Akzo Nobel NV is a paints and coatings company based in the Netherlands. Description. Akzo Nobel N.V. operates as a paints and coatings company worldwide. Report with financial data, key executives contacts, ownership details & and more for Akzo Nobel Baltics AS in Estonia. [11] Days later, PPG again launched an increased bid of €24.5 billion ($26.3 billion), which was again rejected by AkzoNobel's management. 24/12/2020, Find contact details of offices and other locations, United Kingdom and Ireland / United Kingdom and Ireland. Business Profile Akzo Nobel Coatings Inc. [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. Akzo Nobel has its activities grouped in three product groups, but there is no organisational structure on this level Akzo Nobel is a paints and coatings company operating through Decorative Paints and Performance Coatings segments. 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. Akzo Nobel N.V. operates in the Paints & Allied Products sector. View detailed AKZOINDIA.IN description & address. Parts of the current company can be traced back to 17th-century companies. In 1986 the company acquired Elektrokemiska Aktiebolaget (Eka), another company founded by Alfred Nobel in 1895. Manufacturer and supplier of specialty chemicals. [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. 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]. [28][29] As part of Akzo's defense to shareholders, many of whom pushed for the deal, chief executive Ton Büchner agreed to split Akzo in two and achieve increased financial targets. AkzoNobel operates as a paints and coatings company worldwide. ICI can trace its history back to four British-based chemical companies; British Dyestuffs Corporation, Brunner, Mond & Company, Nobel Explosives, and the United Alkali Company. The company conducts its diversified activities through decentralized business units while exploiting synergies between them. In 1993 ICI demerged its bioscience business, splitting into two the publicly listed companies: ICI and Zeneca—Zeneca would later go onto merge with Astra AB, forming the current pharmaceutical company, AstraZeneca. OVERVIEW - AKZO NOBEL INDIA LIMITED. Its subsidiaries are market-driven and technology-based, serving customers throughout the world with coatings and chemicals products. [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. Akzo Nobel's objective is to acquire Netherlands-based AkzoNobel is one of the world's largest paint and coatings producers. The company was formerly known as Akzo NV and changed its name to Akzo Nobel N.V. in 1994. 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. The company'division specializes in specialty chemicals are used in paints, detergents, foods, plastics, cosmetics, construction, pulp & paper, pharmaceuticals, electronics, agriculture and petroleum products. Company overview We're a leading global paints and coatings company and major producer of specialty chemicals. The Corporate Identification Number (CIN) of Akzo Nobel India Limited is L24292WB1954PLC021516. [16] Later, in the same month Akzo outlined its plan to separate its chemicals division and pay shareholders €1.6 billion in extra dividends, in order to attempt to hold-off PPG. The Company operates through two business segments: Decorative Paints and Performance Coatings. See the company profile and updated insider trades of Akzo Nobel NV (AKZOY). The board holds office in Amsterdam. [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. Akzo Nobel India Ltd. 301 Mahakosh House 7/5 South Tukoganj, Nath Mandir GURGAON 122011 P: +91124.2540400 F: +91124.2540849 [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 1646, the Swedish weapons manufacturer Bofors was established in Karlskoga. The product groups Pharma, Coatings and Chemicals do not form an organisational layer. Company profile for Akzo Nobel N.V. including key executives, insider trading, ownership, revenue and average growth rates. AkzoNobel – Company Profile AkzoNobel – Centuries of success AkzoNobel is a Dutch multinational company which produces paints and coatings for markets ranging from aerospace to … Akzo Nobel N.V. operates as a paints and coatings company worldwide. 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. Sales in 2016 were EUR 14.2 billion.[2]. 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. AkzoNobel has a passion for paint. Company profile page for Akzo Nobel NV including stock price, company news, press releases, executives, board members, and contact information 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. Production, R&D, sales and marketing is located in Sundsvall. See the company profile and updated insider trades of Akzo Nobel NV (AKZA). By 1985 Bofors had integrated the entire KemaNobel group into itself and changed its name to Nobel Industries. 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. Ultimately, AkzoNobel products were found in everyday items such as paper, ice cream, bakery goods, cosmetics, plastics and glass. Akzo Nobel has its activities grouped in three product groups, but there is no organisational structure on this level and no decision-making on this level. AKZO Nobel Management B.V. is located in Arnhem, GELDERLAND, Netherlands and is part of the Custodial & Trust Services Industry. In 1998 the company acquired industrial coatings and in synthetic fiber company Courtaulds, later divesting Courtaulds industrial coatings and Daejen Fine Chemicals. Report is available for immediate purchase & download from EMIS. We're experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. The registered office of Akzo Nobel Chemicals (India) Limited was at TELLUS TECHNOLOGIES BUILDING, 209 1B/1A RANGE HILLS, PUNE Pune , Maharashtra. Learn more about the sector, industry, classification, employee size, and executives of AKZA on MSN Money. In 1999 five ICI businesses, were merged forming the health and personal care products company, Uniqema as well as selling polyurethanes, the titanium dioxide, the aromatics businesses and its share of the olefins supply at Wilton to Huntsman. Learn more about the sector, industry, classification, employee size, and executives of AKZOY on MSN Money. 1899) and Nederlandse Kunstzijdefabriek (ENKA, est. Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational company which creates paints and performance coatings for both industry and consumers worldwide. Description. The Company operates through two business segments: Decorative Paints and Performance Coatings. Its subsidiaries are market-driven and technology-based, serving customers throughout the world with coatings and chemicals products. In June 2010, AkzoNobel divested its National Starch business to Corn Products International. The coatings groups consist of the following business units:[34]. Producer and Supplier of Water Treatment Products and Services. In the late 70s and early 80s the company continued to make a number of acquisitions. Its founder, Jacques Coenraad Hartogs, turned to Dutch industrialist Rento Hofstede Crull for a solution for which Hofstede Crull provided the answer. Eka acquired Swedish forest company Iggesunds Bruk AB in 1951. Learn more about the sector, industry, classification, employee size, and executives of AKZA on MSN Money. Company Profile Akzo Nobel. Akzo Nobel N.V. operates as a paints and coatings company worldwide. In 2006 the group acquired Canadian decorative and industrial coatings company, SICO Inc. and a year later Canadian industrial coatings company, Chemcraft International, Inc. We're experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Akzo Nobel NV is a paints and coatings company based in the Netherlands. The Company operates through two business segments: Decorative Paints and Performance Coatings. 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. Base Chemicals has an outstanding reputation in handling and recycling chemical waste containing chlorine. See the company profile and updated insider trades of Akzo Nobel NV (AKZA). There are 4 companies in the Akzo Nobel Inda, S.A. de C.V. corporate family. 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. Company profile for Akzo Nobel India Ltd. including key executives, insider trading, ownership, revenue and average growth rates. The divestment of the former business unit of Chemicals Pakistan was completed in Q4 2012. 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. This part of the business is mostly geographically organised: AkzoNobel markets their products under various brandnames such as Dulux, Bruguer, Tintas Coral, Hammerite, Herbol, Sico, Sikkens, International, Interpon, Casco, Nordsjö, Sadolin, Cuprinol, Taubmans, Lesonal, Levis, Glidden, Flood, Flora, Vivexrom, Marshall, and Pinotex among others. Akzo Nobel Company Profile 6 The product groups Pharma, Coatings and Chemicals do not form an organisational layer. 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