Last €54.67 EUR
Change Today +0.53 / 0.98%
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As of 6:49 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

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03/6/14 - €61.09
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akzo nobel (AKZA) Details

Akzo Nobel N.V. is engaged in the decorative paints, performance coatings, and specialty chemicals businesses worldwide. Its specialty chemicals include functional chemicals comprising cellulosic specialties, chelates, ethylene amines, metal alkyls, micronutrients, organic peroxides, polysulfides, redispersable powder polymers, salt specialties, and sulfur products, as well as powder polymers for construction applications covering cement and repair mortars, adhesives, floor coatings, and waterproofing systems. The company’s specialty chemicals also comprise industrial chemicals, including salt, chlor-alkali products, and monochloracetic acid; pulp and performance chemicals consisting of bleaching chemicals, such as sodium chloride and hydrogen peroxide, process chemicals, and colloidal silica and expandable microspheres; and surface chemistry chemicals for industrial and agricultural applications. Its performance coating products include automotive and aerospace coatings, marine and protective coatings, powder coatings, and industrial coatings. The company’s decorative paints consist of interior and exterior decoration, as well as protection products. It serves a range of customers, including ship and yacht builders and architects; consumer electronics and appliance companies; steel manufacturers; the construction industry; furniture makers; aircraft, bus, and truck producers; can makers and vehicle bodyshops; and professional and do-it-yourself markets. The company was founded in 1646 and is headquartered in Amsterdam, the Netherlands.

48,440 Employees
Last Reported Date: 07/23/14
Founded in 1646

akzo nobel (AKZA) Top Compensated Officers

Chairman of Management Board and Chief Execut...
Total Annual Compensation: €1.5M
Compensation as of Fiscal Year 2013.

akzo nobel (AKZA) Key Developments

AkzoNobel Staff at Botlek Chlorine Plant Postpone Strike to September 8, 2014

AkzoNobel announced that has been postponed to September 8, 2014. That decision was made to secure a safe reduction of the production capacity, including for customers. A much part of the production at Membraam Elektrolyse Bedrijf (MEB) will be halted from September 8, 2014 to September 11, 2014 after the plant's management did not respond to an ultimatum given by the unions. They called for a 10% pay rise and a separate wage deal for MEB's 95 workers who still fall under AkzoNobel's collective labour agreement. The staff want more money because their wages are said to have very moderately increased in recent years and lagged behind the competition. AkzoNobel dubbed the wage demand irresponsible.

AkzoNobel Staff at Botlek Chlorine Plant to Strike over Higher Wages

AkzoNobel in the Botlek area of Rotterdam will largely block production as of Friday in a bid to enforce 10% higher wages. Production at Membraam Elektrolyse Bedrijf (MEB) will run for six hours at 40% of the usual capacity. A further reduction of the production capacity to 10% will follow on Monday. The plant will remain partly operational to guarantee the safety of the processes.

Carlyle Group Reportedly Seeks To Sell Axalta Coating Systems

Akzo Nobel NV (ENXTAM:AKZA)'s Chief Executive Officer, Ton Buechner, has been solicited for a potential $7 billion acquisition of Axalta Coating Systems Ltd, Bloomberg reported citing people familiar. The Carlyle Group LP (NasdaqGS:CG) is exploring a sale of Axalta Coating Systems alongside a planned initial public offering that could raise an initial $1 billion. The Sherwin-Williams Company (NYSE:SHW) and Akzo Nobel NV are seen as potential buyers of Axalta Coating Systems.


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