Akzo Nobel NV - Company Profile
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Business Description
Akzo Nobel NV (Akzo Nobel) manufactures and supplies paints, and performance coatings worldwide. It provides products to industrial, consumer goods, buildings and infrastructure and transportation markets. The company operates through two reportable business segments, Decorative Paints and Performance Coatings.
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R&D Overview
The company’s research and development (R&D) focuses on developing innovative and sustainable solutions for customer benefits. It has 3,000 R&D professionals worldwide and operates in 70 laboratories across the world. It owns around 2,825 patents. It focusses on innovations in new equipment and facilities. In FY2022 it has opened a global R&D center at Slough site in the UK. The company has a history of introducing innovative commercial products. In 2022, they expanded their wall paint line in China to include anti-viral and anti-bacterial options. They also launched a mosquito-repellent coating in Brazil that targets a specific type of mosquito. Additionally, they developed advanced 3D color technology to improve the paint selection process for architects and home decorators. In FY2022, it spent EUR258 million on R&D, which as a percentage of revenue, stood at 2.37% and increased 12.2% YoY.
Business Segments
Overview
It comprises all unallocated assets and corporate assets. In FY2022, the segment’s capital expenditure stood at EUR34 million, which grew 3.0% YoY.
Overview
Offers a comprehensive range of interior and exterior decoration and protection products. It provides these products to buildings and infrastructure markets and serves both consumers and professional painters. It also offers a range of mixing machines and color concepts for the building and renovation industry. Its major brands include Bruguer, Dulux, Flexa, Sadolin, Marshall, Coral, Alba, Inca, Cetol, Ceta bever, Levis and Herbol. In FY2022, the segment’s capital expenditure stood at EUR91 million, which decreased 15.7% YoY.
Performance
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Overview
Includes marine and protective coatings; automotive and specialty coatings; industrial coatings; and powder coatings. Its products find application in ships, yachts, cars, trucks and buses and industrial installations, among others. Markets marine and protective coatings products under International and AWLGRIP. Sells automotive and specialty coatings products under Sikkens, Wanda, Lesonal, Dynacoat, AkzoNobel, U-Tech and GRIP-Gard. Sells industrial coatings under AkzoNobel, Sikkens Wood Coatings, Chemcraft and Zweihorn. Markets powder coatings under Interpon and Resicoat brands. In FY2022, the segment’s capital expenditure stood at EUR167 million, which grew 13.6% YoY.
Performance
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Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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