AkzoNobel

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Akzo Nobel N.V.
TypeNaamloze vennootschap
Traded asEuronextAKZA
OTCQXAKZOY
IndustryChemicals
Founded1994 (1994)
HeadquartersAmsterdam, Netherlands
Area servedWorldwide
Key peopleTon Büchner (CEO)
Antony Burgmans (Chairman of the supervisory board)
ProductsBasic and industrial chemicals, decorative paints, industrial (re)finishing products, coatings
Revenue€14.59 billion (2013)[1]
Operating income€958 million (2013)[1]
Profit€724 million (2013)[1]
Total assets€16.06 billion (end 2013)[1]
Total equity€6.021 billion (end 2013)[1]
Employees49,560 (end 2013)[1]
Websitewww.akzonobel.com
 
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Akzo Nobel N.V.
TypeNaamloze vennootschap
Traded asEuronextAKZA
OTCQXAKZOY
IndustryChemicals
Founded1994 (1994)
HeadquartersAmsterdam, Netherlands
Area servedWorldwide
Key peopleTon Büchner (CEO)
Antony Burgmans (Chairman of the supervisory board)
ProductsBasic and industrial chemicals, decorative paints, industrial (re)finishing products, coatings
Revenue€14.59 billion (2013)[1]
Operating income€958 million (2013)[1]
Profit€724 million (2013)[1]
Total assets€16.06 billion (end 2013)[1]
Total equity€6.021 billion (end 2013)[1]
Employees49,560 (end 2013)[1]
Websitewww.akzonobel.com

Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational, active in the fields of decorative paints, performance coatings and specialty chemicals. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs approximately 50,000 people. Sales in 2013 were EUR 14.6 billion.[1] Following the acquisition of ICI, the company has restructured in 2 January 2008, and rebranded itself in 25 April of the same year.

Organization[edit]

Company headquarters in Amsterdam

AkzoNobel consists of 11 business units, with business responsibility and autonomy. For managerial purpose these cooperate in three groups, which are supported by one managerial board.

Currently, a seven member-strong Executive Committee (ExCo) was established, which is composed of two members of the Board of Management (BoM) and five leaders with functional expertise, allowing both the functions and the business areas to be represented at the highest levels in the company.

The ExCo includes Chairman and CEO Ton Büchner, CFO Keith Nichols, Marten Booisma (responsible for Human Resources), Sven Dumoulin (General Counsel), Werner Fuhrmann (responsible for Specialty Chemicals), Ruud Joosten (responsible for Decorative Paints) and Conrad Keijzer (responsible for Performance Coatings). The board holds office in Amsterdam. Prior to August 2007, the Executive Committee was headquartered in Arnhem.

Due to high revenues from the sales of its pharmaceutical business, AkzoNobel was the world's most profitable company in 2008.[2]

Decorative paints[edit]

This part of the business is mostly geographically organized:

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. 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.[citation needed]

Performance coatings[edit]

AkzoNobel is a leading coatings company whose key products include automotive coatings, specialized equipment for the car repair and transportation market and marine coatings. The coatings groups consist of the following business units:[1]

Specialty chemicals[edit]

The chemicals group now consists of four business units.[1]

The divestment of the former business unit of Chemicals Pakistan was completed in Q4 2012.

As chemicals producer, AkzoNobel is a world leading salt specialist, chloralkali products, and other industrial chemicals. Ultimately, AkzoNobel products are found in everyday items such as paper, ice cream, bakery goods, cosmetics, plastics and glass. Each business unit has an annual turnover of approx EUR 1.000 – 1.900 million.[1]

History[edit]

AkzoNobel has a long history of mergers and divestments. Parts of the current company can be traced back to 17th century companies.[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.

AKZO 1792–1994 (Group)[edit]

AKZO 1792–1969 (original AKZO companies)[edit]

Enka's rayon spinning machines continually breakdown. Its director, Jacques Coenraad Hartogs, turns to Netherlands electrical pioneer and friend Rento Hofstede Crull[5] for a solution. To manufacture the spinning pot, one of Hofstede Crull's companies, De Vijf and Jacques Coenraad Hartogs Nederlandse Kunstzijdefabriek form a joint venture: ISEM. The profit of this joint venture allowed the Nederlandse Kunstzijdefabriek to establish subsidiaries in the United States, the American Enka Company, for example, as a means of also circumventing trade protectionism.[6]

AKZO 1969-1994[edit]

Bofors 1646-1984[edit]

KemaNobel 1841-1984[edit]

From Stockholms Superfosfat Fabriks - Fosfatbolaget - KemaNord to KemaNobel

Fosfatbolaget changes its name to KemaNord.
Liljeholmens Stearinfabriks’ chemicals businesst becomes a division within KemaNord, KemaNord Specialty Chemicals.
Cascogard develops into the production of agricultural chemicals such as weed killers, insecticides and fungicides.
The specialty chemicals division KemaNord Specialty Chemicals changes its name to KenoGard.
At that time KenoGard produces organic specialty chemicals for plant and wood protection, disinfection and hygiene, paper production, plastics production, oil production, road construction, fertilizer production and mineral purification.
Probel produces specialty chemicals and systems for agriculture, food and technical industries.
Probel is in turn divided into two areas, Kenogard, for plant and wood protection, and Surfactants, for initiators, detergents, anti-caking and ScanRoad.

Nobel Industries 1984-1993[edit]

Both Bofors and KemaNobel have historic ties to Alfred Nobel, the great 19th century Swedish inventor who was the first to discover a way to detonate the flammable liquid nitroglycerin.

Probel becomes Nobel Biotech within KemaNobel Specialty Chemicals.
KenoGard Specialty Chemicals became KeNobel.
As a result Eka becomes a major sodium chlorate producer and expanded its operations to North America.
and merges it with KeNobel to form a new business area, Berol Nobel.

Eka Nobel

Casco Nobel

Together with Casco and Nordsjo forms the business area, Casco Nobel.

Other business areas

Nobelpharma (Nobel Biotech) and Spectra-Physics, becomes listed on Stockholm Stock-Exchange.
The new Akzo Nobel has 20 business entities.

Eka 1895-1986[edit]

The first products are chlorine and alkali.

Sadolin & Holmblad 1777-1987[edit]

Sadolin & Holmblad founds its first foreign subsidiary.
1946 Sadolin & Holmblad co-founds Kemo-Skandia, A/S.
1978 Sadolin & Holmblad makes a joint management for Sadolin Printing Ink Division and Sadofoss Adhesives Division.
dissolves Division Sadofoss Adhesives to Casco Nobel AB, the Swedish paints and adhesives group, within Nobel Industries' business area paints and adhesives Casco Nobel, which divides the activities between its Division Casco Nobel Building Adhesives and Division Casco Nobel Industrial Adhesives & Resins.
dissolves Division Sadolin Industrial Coatings and the management responsibility of industrial coatings activities are transferred to Division Casco Nobel Industrial Coatins under business area paints and adhesives Casco Nobel.
dissolves Division Sadolin Printing Inks and the management responsibility of printing inks activities are - together with Nobel Industries' newly acquired Swedish printing inks group, AB G-man, transferred to the newly created Division Casco Nobel Inks under business area paints and adhesives Casco Nobel.
dissolves Division KVK Chemicals and sells Kemisk Vaerk Köge to its management group's newly founded holding company, KVK Holding A/S (whom in 1992 sells the group to the American group SunChemical, itself a subsidiary group of the Japanese group Dainippon Inks & Chemicals.
acquires the agrochemical activities and the chemical-technical (mainly Castrol Oil) activities of Kemisk Vaerk Köge, where after the agrochemical activities are then sold to the German group Schering A/G and a newly founded company, KVK Agro A/S while the chemical-technical activities are sold the English group Burmah-Castrol Oil.
left back in Sadolin & Holmblad is the management responsibility of Division Sadolin Decorative Paints - even though many of the subsidiaries and associated companies before Nobel Industries takeover is still owned by Sadolin & Holmblad.

Sadolin Paints

Sadolin Printing Inks

Sadofoss Adhesives

KVK Pigments and Chemicals

Kemo-Skandia

Berol Kemi 1937–1988[edit]

Crown Berger 1770–1990 (entered Nobel Industries, 1990)[edit]

Akzo Nobel 1994–2007/2008[edit]

divests fine and pharma chemicals business area Nobel Chemicals,
divests biotech business area Nobel Biotech
divests electronic business area Spectra-Physics.
EU forces sale of Aeronautical films and sealants businesses to allow completion.
November 1998 , Akzo Nobel divests Courtaulds industrial coatings
Industrial coatings produces plastic packaging, laminate, aluminium tubes, architectural coatings and in USA, packaging coatings, plastic tubes, performance film and aerospace coatings and sealants businesses.

Fibres[edit]

Pharma[edit]

acquires Italian pharmaceutical manufacturers Farmaceutici Gellini
and acquires Nuova ICC, the veterian pharmecutical group Hoechst Roussel Vet from Hoechst
and divests its shareholding in Rovin Pharmaceuticals.

Chemical group[edit]

and acquires the amides business of South Korean chemical company Daejen Fine Chemicals,
sells Soda Ash business to Brunner Mond and Arjun chemicals India, part of Eka Chemicals.
Arjun chemicals remains a licensee for paper sizing chemicals.
Polymer Chemicals becomes worldwide distributor of the specialty additive products CIRS SpA,
AkzoNobel Chemicals starts joint venture with Coin of Taiwan on dicumyl peroxides (DCP) and cumene hydroperoxides (CHP)
and divests its Dianol bisphenol A business
and disinvests its 50% stake in Akzo-PQ Silica silicate business to joint-venture partner PQ Corporation.
and disinvests its 50% stake in Flexsys rubber chemicals to joint-venture partner Solutia.

Coatings[edit]

increases it shareholding from 5 % to 60 % in Tunesian paint company Astral.
finds a joint venture partner for Akzo Dexter Aerospace Finishes (AD Aerospace Finishes), for 40 % The Dexter Corporation
divests Coatings Resins to Nuplex Industries.
which from 1981 to 1994 was known as Chemcraft Sadolin, Inc, owned 40 % by Sadolin & Holmblad.

Corporate[edit]

Imperial Chemicals Industries (ICI) 1926–2007/2008[edit]

the company's focus changes from outdated products to drugs and specialty chemicals.
Zeneca later merges into AstraZeneca,
begins the divestment of its bulk commodity businesses.

AkzoNobel 2008 and later[edit]

Expancel[edit]

Expancel is a unit within AkzoNobel.[11][12][13][14] Expancel produces expandable microspheres under the tradename "Expancel Microspheres". Expancel has its head office in Sundsvall, Sweden. Production, R&D, sales and marketing is located in Sundsvall. Expancel has sales offices in Germany, the Netherlands, Poland, Russia, Italy, US, Brazil and China. The number of employees is about 200.

Turn-over and profit history[edit]

YearTurn-overProfit
2013 [1]Decrease € 14,59 billionIncrease € 724 million
2012Decrease € 15,39 billionDecrease € -2,169 billion
2011Increase € 15,70 billionDecrease € 541 million
2010 [15]Increase € 14,64 billionIncrease € 754 million
2009[15]Decrease € 13,03 billionIncrease € 285 million
2008Increase € 15,42 billionDecrease € -1,08 billion
2007Increase € 10,22 billionDecrease € 410 million
2006Decrease € 10,02 billionDecrease € 715 million
2005Increase € 13,00 billionIncrease € 961 million
2004Decrease € 12,83 billionIncrease € 945 million
2003Decrease € 13,05 billionDecrease € 602 million
2002Decrease € 14,00 billionIncrease € 818 million
2001Increase € 14,11 billionDecrease € 671 million

See also[edit]

References[edit]

  1. ^ a b c d e f g h i j k "AkzoNobel Report 2013". AkzoNobel. Retrieved 26 February 2014. 
  2. ^ Top companies: Most profitable, CNNMoney.com, Retrieved on 4 March 2009.
  3. ^ Tomorrow's answers today, AkzoNobel 2008, ISBN 978-90-902288-3-9, English version
  4. ^ Jaap Tuik. Een bijzonder energiek ondernemer-Rento Wolter Hendrik Hofstede Crull (1863-1938): pioneer van de elektriciteits voorziening in Nederland Zutphen, The Netherlands: Historischcentrumoverijssel & Walburg Pers, 2009. pp.: 137-138 ISBN 978.90.5730.640.2; also http://www.enka-ede.com/IMSE.htm
  5. ^ http://nl.wikipedia.org/wiki/Rento_Hofstede_Crull (Dutch)
  6. ^ http://southern.railfan.net/ties/1961/61-10/enka.html
  7. ^ AkzoNobel company history, fundinguniverse.com
  8. ^ a b "ICI: History". ICI. 
  9. ^ "Shortlist announced for the Transform Awards for rebranding". Communicate magazine. January 2010. 
  10. ^ http://www.foxbusiness.com/news/2012/12/14/ppg-agrees-to-buy-akzonobel-north-american-architectural-coatings-unit-for-105/
  11. ^ Dawson, Brian (27 Jan 2012). "Plastic Expansion". NYSE Magazine. "Expancel microspheres from AkzoNobel can swell to as much as 60 times their original volume." 
  12. ^ "AkzoNobel investing €30 million to meet demand for Expancel". Dutch Daily News. 6 Apr 2011. "AkzoNobel is boosting capacity in Sweden for its Expancel expandable microspheres in order to meet growing global demand." 
  13. ^ Gerlin, Helen (23 May 2001). "Akzo Nobel anmäls för arbetsmiljöbrott" [Akzo Nobel reported for safety violations]. Dagbladet. "Expancel vid Akzo Nobel byggs ut och moderniseras – ett projekt som sysselsätter ett flertal arbetare från olika företag. (Expancel at Akzo Nobel is being expanded and modernized - a project that employs numerous workers from different companies.)" 
  14. ^ http://www.highbeam.com/doc/1G1-108268049.html Scott, Alex. "Akzo Nobel adds capacity for Expancel spheres.(expandable polymer spheres, Sweden)(Brief Article)." Chemical Week. IHS Global, Inc. 2003. HighBeam Research. 2 Jun. 2012 <http://www.highbeam.com>. (subscription required)
  15. ^ a b Report for the 2010 and the 4th quarter

External links[edit]

Coordinates: 52°20′24″N 4°52′16″E / 52.34000°N 4.87111°E / 52.34000; 4.87111