Tag Archives | Akzo Nobel

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Coatings companies focus on carbon footprint issues

The blog has been in the USA this week, speaking at the bi-annual Global Coatings Summit. Coatings sales are worth $75bn globally, and are a key market for chemicals. Interestingly, much of the discussion centred around sustainability. In spite of the downturn, it is clear that consumers are now very focused on carbon footprint as […]

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Washington and Bahrain dates for the blog

The blog is delighted to have been invited to address two important industry events in coming months: Washington DC. It will be presenting a Global Outlook to the Coatings Summit, alongside CEOs including Andrew Liveris of Dow Chemical; Christopher Connor of Sherwin Williams; Hans Wijers, AkzoNobel; Kenji Sakai of Nippon Paint, as well as senior […]

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CEOs remain cautious over 2010 Outlook

The blog’s quarterly survey of company Outlook statements shows CEOs remain very cautious. There has been a rebound after the destocking disaster of Q4 2008 – Q1 2009. But there seems little confidence that we will quickly return to the levels of demand and margin seen in the 2003-7 Boom period. China’s stimulus and loan […]

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Companies remain cautious on the outlook

The good news is that the stabilisation seen in Q2 has been maintained. But companies remain cautious on the outlook, to judge from Q3 reports. CEOs are sceptical about the impact of government stimulus efforts in the West, and fear demand will fall back as these end. The only optimists are in China and India. […]

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No sign of any upturn

This week’s company results have been keenly awaited, as the industry seeks to form a view on what happens next to demand and profits. My new IeC colleague Paul Satchell reviews them, from the point of view of a highly-experienced financial analyst, in his ‘Chemicals Viewpoint’. But the blog thought it would also be interesting […]

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Akzo results show depth of the downturn

The blog’s chemical career began with selling raw materials to the paint industry during the recession of the early 1980′s. Since then, it has always regarded the decorative paint sector as an excellent real-time indicator of underlying economic conditions. Today’s results from Akzo, one of the global leaders, confirms the sector’s reputation. Akzo said decorative […]

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Akzo halts share buybacks

The blog has long worried about the high levels of debt that have been incurred by some companies in recent years. So it applauds Akzo’s decision to halt its planned €3bn share back at the half-way stage. As Nigel Davis notes in ICIS insight, Akzo has a very strong balance sheet, and its ‘gearing is […]

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ICI and Akzo

ICI has experience of fighting off unwelcome acquisitions. And Akzo may find itself in a difficult position if ICI wins again. Unless this bid, like Hanson’s in 1991, marks the ‘top’ in the currrent M&A cycle.

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