Strategic Planning: AkzoNobel adjusts prices to counter shipping crisis, sees 19 percent revenue increase
Amsterdam, Netherlands — AkzoNobel has released its Q3 2022 financial results, reporting strong revenue gains thanks to price hikes outpacing expected losses from lower volume, higher material costs and global inflation. Specifically, the company has increased its revenue by 19 percent by increasing prices by 13 percent, justified as a way to offset increases in […]
Tuesday Ticker: July 12, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, AkzoNobel adds an acquisition to its wheelhouse and Stellantis talks more about its future funding at FCA Canada. Wheelie great acquisitions AkzoNobel has announced an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. The deal is expected to be completed by the end […]
Paint and Train: AkzoNobel partners with Lincoln Tech for paint and coating training
New Jersey, United States – Lincoln Educational Services Corporation a technical training company has partnered with AkzoNobel Coatings, Inc, providing Collision Repair and Refinishing Technology programs with paints and refinish coatings solely from AkzoNobel. As part of Lincoln Tech’s collision repair and refinishing career training, students gain hands-on experience repainting panels and other auto body […]
A Nobel Decision: AkzoNobel names Gregoire Poux-Guillaume as new CEO
Toronto, Ontario — The international paint giants at AkzoNobel have named Gregoire Poux-Guillaume as the company’s new CEO, effective Nov. 1. Thierry Vanlancker, former CEO and member of the board of management since 2017, was announced to have reached the end of his term of office on Wednesday and will make space for Poux-Guillaume to […]
Driving for a Cause: Fix Network hosts 13th annual Masters Golf Tournament in Milton, Ont.
Milton, Ontario — With the weather being as good as it was, and the cause being supported even greater, there isn’t just one thing that made Fix Network’s thirteenth annual Masters Golf Tournament the triumphant return to form that it was. Back after a two-year hiatus, executives from Fix Network, along with representatives from a […]
Cyber Chemistry: AkzoNobel to use Microsoft quantum computing for chemical simulations
Toronto, Ontario — AkzoNobel is getting in on the cutting edge of computer science, announcing Monday that it has partnered with Microsoft to utilize the company’s quantum computing capabilities to run simulations on chemical reactions. The partnership will see scientists from both companies collaborating to develop a “virtual laboratory” where experiments can be conducted via […]
Going Greener: Akzonobel receives EcoVadis’ platinum sustainability ranking
Amsterdam, Netherlands — On Mar. 15, Akzonobel received the platinum ranking in EcoVadis’ Sustain 2022 web conference. This is the second year in a row where Akzonobel received the platinum award, placing it at the top of over 65,000 companies in 2021. According to Ecovadis, platinum ratings are reserved for the top one percent of […]
Pressured Pricing: Material costs plateauing, says AkzoNobel CEO
Amsterdam, Netherlands — In an interview with CNBC, AkzoNobel CEO Thierry Vanlancker said that raw material prices are plateauing, not decreasing. “I think what we said back then is exactly what’s happening. We’ve reacted vividly in our pricing: 12.5 percent in the quarter, and 14 percent on the exit rate,” said Vanlancker. This forecast follows the […]
Track Record: AkzoNobel and McLaren Racing continue 13-year partnership
Amsterdam, Netherlands — McLaren Racing and AkzoNobel have formed a new multi-year agreement, continuing the relationship between the two companies who first teamed up in 2008. This multi-year partnership includes mutual offers of technical consultation, personnel exchanges and exploring opportunities for innovation. Besides continuing as McLaren Racing’s exclusive coatings solutions partner, AkzoNobel is now a sustainability […]
Coatings Royalty: AkzoNobel awarded Terra Carta Seal at COP26 summit
Glasgow, United Kingdom — AkzoNobel received the royal treatment on Thursday as Prince Charles bestowed the automotive paint company with a Terra Carta Seal, at the COP26 climate summit in Glasgow, U.K. The Prince of Wales said, “The Terra Carta Seal recognizes those organizations which have made a serious commitment to a future that is […]
