PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


AkzoNobel Releases Q2 Results

Thursday, July 30, 2009

Comment | More

AkzoNobel (Amsterdam, The Netherlands) reported that the second quarter of 2009 saw a 10% revenue decline to €3,668 million with a 9% drop in EBITDA. According to CEO Hans Wijers, “With the exception of some emerging markets, we see little significant recovery of growth.”

In performance coatings, revenue decreased by 14% but performance in marine and protective coatings and packaging coatings was strong. Marine coatings had a good quarter despite lower new construction and maintenance demand, while demand improved for car refinishes. Performance coatings benefited from margin management and cost improvement programs, the company says. In the industrial activities businesses, the company has closed or restructured eight production sites.

Specialty chemicals showed a volume decline of 18% that was partly compensated by favorable prices, currencies, and acquisitions. Overall, revenue declined by 8% and the EBITDA was unchanged at 16.6%. According to the company, the surface chemistry and polymer chemicals markets remain under pressure, but pulp and paper and functional chemicals had stronger performance.

Revenue in decorative paints declined by 5%. The company has implemented synergy programs and restructuring ahead of plan, reducing the net workforce by 2,100 people, or 8%.

For further information, visit www.akzonobel.com.

   

Tagged categories: AkzoNobel; Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

ITW Binks
Built for Tough Jobs

From Epoxies to Urethanes to other high solid coatings, the new Binks Airless 75 delivers a great finish using an ergonomic design. Visit binks.com for more information.


US Minerals
US Minerals -
Black Magnum

With nationwide production and distribution capabilities, U.S. Minerals supplies a complete range of coal slag and other abrasives to meet all of your blasting needs.


EDCO - Equipment Development Co. Inc.
American Manufacturing

Is coming back, is more competitive, and is higher
in quality. Well EDCO never left, we never lost our competitiveness, and we
have always maintained
our high level of quality.
Call 800-638-3326 or visit
us @ edcoinc.com


Industrial Vacuum Equipment Corp.
Hurricane Vacuums
& Dust Collectors

Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com


Carboline Company
Hyrdrocarbon Fire & Jet Fire Protection

Pyroclad X1 is the latest breakthrough in epoxy based intumescent fireproofing technology


JPCL Europe
Don’t miss an issue!

JPCL EUROPE offers essential news and knowledge for protective and marine coatings professionals in Europe, the Middle East and Africa. Subscribe now: www.jpcleurope.com


U.S. Zinc

Offering custom grades and packaging of zinc dust, oxide, metal and fines, U.S. Zinc provides direct shipping to locations worldwide. Helping the world work™

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com