30 November 2012 10:30 [Source: ICIS news]
LONDON (ICIS)--AkzoNobel on Friday announced it has signed an expanded joint venture agreement with the Gulf-based multinational group of companies Yusuf Bin Ahmed Kanoo in order to strengthen the Netherlands-headquartered coatings and specialty chemicals group’s growth ambitions in the Middle East.
Under the terms of the new deal, AkzoNobel will offer products from across its Performance Coatings portfolio, including professional woodcare, automotive refinish, marine, yacht, fire protection, protective and powder coatings.
Leif Darner, AkzoNobel's executive committee member responsible for Performance Coatings, said: "It [the new deal] will give us a firm foothold in the Middle East and a solid platform from which to deliver on our ambitious growth strategy in the region.
“We see many opportunities for our products and services to supply the construction, oil and gas and transportation sectors in the Middle East," Darner added.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections