Definitions

refinishes

AkzoNobel

Akzo Nobel N.V., trading as AkzoNobel, is a multinational company, active in the fields of decorative paints, performance coatings and specialty chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 60,000 people. Sales in 2007 were EUR 14 billion. Following the acquisition of ICI, the company has restructured per 2 January 2008, and rebranded it per 25 April of the same year.

Organization

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

Board of management

The Board of Management (BOM) of AkzoNobel consists of three people, viz. Chairman and CEO since 2003 Hans Wijers, CFO Rob Frohn, and member Leif Darner. The board holds office in Amsterdam, the Netherlands. Prior to August 2007, the group was headquartered in Arnhem.

Decorative paints

AkzoNobel is the world's leading decorative paints company. This part of the business is mostly geographically organized:

  • Decorative paints Continental Europe
  • Decorative paints Northern & Eastern Europe
  • Decorative paints UK, Ireland and South Africa
  • Decorative paints Asia
  • Decorative paints United States
  • Decorative paints Canada
  • Decorative paints Latin America

AkzoNobel markets their products under various brandnames such as Herbol, Sico, Sikkens, International, Interpon, Casco, Nordsjö, Sadolin, Taubmans, Crown, Lesonal, Levis, Flora, Vivexrom, Marshall, and Pinotech just to mention a few. 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.

Performance coatings

AkzoNobel is a leading coatings company with key products automotive coatings, services and specialized equipment for the car repair and transportation market. The coatings groups consist of the business units:

  • Car refinishes (CR)
  • Industrial finishes (IF)
  • Powder coatings (POW)
  • Marine and protective coatings (MPC)
  • Packaging coatings

Specialty chemicals

The chemicals group now consists of seven business units.

  • Base Chemicals (BC)
  • Functional Chemicals (FC)
  • Polymer Chemicals (PC)
  • Surfactants (SC)
  • Pulp and Paper Chemicals, under brand name Eka Chemicals (PPC)
  • Specialty Polymers
  • Regional and Industrial activities

As chemicals producer, AkzoNobel is a world leading salt specialist, chlor-alkali 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 BU has an annual turnover of approx EUR 600 million.

Historical timeline

  • 1777 Danish paints company founded by Jacob Holmblad, later operating as Holmblad & Co.
  • 1792 Dutch lacquers manufacturer Sikkens Lakken, founded by Wiert Willem Sikkens in Groningen
  • 1826 British silk and crepe manufacturer Courtaulds founded by Samuel Courtauld,
  • 1835 Dutch sulfuric acid producer Ketjen, founded by Gerhard Tileman Ketjen
  • 1838 Dutch oils and oatmeal company Noury & Van der Lande
  • 1841 Swedish stearin candles factory Liljeholmens Stearinfabrik, founded by Lars Johan Hierta in Stockholm
  • 1870 Swedish superfosfate producer Stockholms Superfosfat Fabrik,
  • 1874 Swedish chemical company KemaNobel was founded by Alfred Nobel
  • 1886 A chemicals and soda factory was founded by Constant Kortman and Herman Schulte in Rotterdam
  • 1887 Dutch pharmaceuticals laboratory Zwanenburg
  • 1895 Swedish electrochemical company EKA was founded also by Alfred Nobel
  • 1899 German fiber producer Vereinigte Glanszstoff Fabriken.
  • 1907 Danish paints company founded by Gunnar Asgeir Sadolin as Sadolins Farver
  • 1911 Dutch rayon (artificial silk) company Eerste Nederlandse Kunstzijdefabriek Arnhem, founded by Jacque Coenraad Hartogs in Arnhem. It was later renamed Nederlandse Kunstzijdefabriek.
  • 1912 Danish paints companies Sadolins Farver and Holmblad & Co. merges as Sadolin & Holmblad
  • 1918 Dutch salt producer Nederlandse Zoutindustrie (NeZo)
  • 1921 US slaughtering industry Armour and Company starts fatty acid production, in Chicago
  • 1923 Dutch pharmaceuticals company Organon founded by Saal van Zwanenberg
  • 1929 Vereinigte Glanszstoff Fabriken merged with Nederlandse Kunstzijdefabriek, forming Algemene Kunstzijde Unie (AKU).
  • 1937 Swedish producer of coatings for fishing lines Berol, founded by Bernström and Olson in Södertälje
  • 1965 Kortman and Schulte is taken over by Koninklijke Zwanenburg Organon forming Koninklijke Zout Organon
  • 1969 The AKU and the Koninklijke Zout Organon merge, forming AKZO
  • 1984 KemaNobel and Swedish weapons manufacturer Bofors merge to form Nobel Industries
  • 1987 AKZO acquires specialty chemicals division of Stauffer
  • 1987 Nobel Industries acquires Danish paints group Sadolin & Holmblad
  • 1990 Nobel Industries acquires English paints group Crown Berger
  • 1990 Courtaulds separates itself into two businesses, viz., Courtaulds Textiles for apparel manufacture and Courtaulds plc for fibres and chemicals
  • 1994 AKZO merges with Nobel Industries, forming Akzo Nobel. The new Akzo Nobel has 20 business entities. Bofors continues as a separate entity.
  • 1998 Akzo Nobel acquires Courtaulds of the UK, a leading international chemical company which has leading positions in high-tech industrial coatings and man-made fibers. EU forces sale of Aeronautical films and sealants businesses to allow completion.
  • 1999 Akzo Nobel divests its Fibers Group 'Acordis' to CVC Capital Partners.
  • 2004 Catalyst business sold to Albemarle Corp. and Coatings Resins business divested to Nuplex Industries.
  • 2006 Akzo Nobel acquires the quoted Canadian Coatings company SICO Inc.
  • 2007 Organon pharmaceutical business sold to Schering-Plough for EUR 11 billion
  • 2007 Akzo Nobel delists its shares from the US stock market (NASDAQ)
  • 2008 Akzo Nobel acquires Imperial Chemical Industries plc (ICI), and rebrands the company to AkzoNobel

References

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