Last €51.71 EUR
Change Today +2.38 / 4.82%
Volume 713.8K
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As of 6:54 AM 10/21/14 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 Continue Strike

AkzoNobel announced that in the Botlek area of Rotterdam is still operating at low capacity utilisation rates due to a strike lasting for weeks. This way, the personnel wants to force the management to consider a separate wage deal for them. The employees further demand a 10% salary rise, including 3% for this year. The company described the wage demand as unrealistic and unreasonable, mainly due to the difficult situation in the whole basic chemistry sector which is already under major pressure because of the high energy prices in Europe. Trade unions informally met last week the management of the chemicals group, but this did not lead to anything, Ron Vos from the FNV Bondgenoten union. Vos does not expect the conflict to be resolved soon. The chlorine plant employs 95, of whom 55 production workers, who still fall under the company's collective bargaining agreement. Currently, the plant operates at less than 50% of its capacity, but a further reduction of the production output is not possible for safety and environmental reasons. The situation can change if trade union members accept AkzoNobel's new wage proposal for all of its employees in the Netherlands. In this case, the collective labour agreement will apply to the workers at the chlorine plant in the Botlek area of Rotterdam, too.

Akzo Nobel N.V. Appoints Maelys Castella as Member of the Board of Management

Shareholders of Akzo Nobel N.V. held an Extraordinary General Meeting in Amsterdam on October 8, 2014 appointed new CFO Maëlys Castella as a member of the Board of Management. Maëlys is already a member of the company's Executive Committee as Chief Financial Officer since September 15 and is based at AkzoNobel's head office in Amsterdam. She succeeded Keith Nichols who left the company in June this year. Maëlys previously worked at Air Liquide for 14 years, most recently as Group Deputy CFO.

AkzoNobel's Partnership with Honda Motor Europe Extended to 2019

Honda Motor Europe has extended its partnership with AkzoNobel Performance Coatings, as one of two preferred suppliers of vehicle refinishes to Honda dealerships and approved bodyshops in Europe. The new five-year contract runs until March 2019 and will cover supply and support of AkzoNobel`s Sikkens and Lesonal brands.


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