AkzoNobel

Akzo Nobel N.V.
Type Naamloze vennootschap
Traded as EuronextAKZA
Industry Chemicals
Founded 1994
Headquarters Amsterdam, Netherlands
Area served Worldwide
Key people Hans Wijers (CEO), Karel Vuursteen (Chairman of the supervisory board)
Products Basic and industrial chemicals, decorative paints, industrial (re)finishing products, coatings
Revenue €14.64 billion (2010)[1]
Operating income €1.219 billion (2010)[1]
Profit €754 million (2010)[1]
Total assets €20.09 billion (end 2010)[1]
Total equity €9.509 billion (end 2010)[1]
Employees 55,590 (end 2010)[1]
Website www.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 55,000 people. Sales in 2010 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.

Contents

Organization

AkzoNobel consists of 19 business units, with business responsibility and autonomy. For managerial purpose these cooperate in three groups, which are supported by one managerial board.[2]

As of January 1, 2011, a nine member-strong Executive Committee (ExCo) was established, which is composed of five members of the Board of Management (BOM) and four 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 Hans Wijers, CFO Keith Nichols, Leif Darner (responsible for Performance Coatings), Rob Frohn (responsible for Speciality Chemicals), Tex Gunning (responsible for Decorative Paints), Graeme Armstrong (responsible for Research, Development & Innovation), Sven Dumoulin (General Counsel), Werner Fuhrmann (responsible for Supply Chain/Sourcing) and Marjan Oudeman (responsible for HR and Organizational Development).[3] The board holds office in Amsterdam. Prior to August 2007, the group 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.[4]

Decorative paints

AkzoNobel is the world's leading decorative paints company. This part of the business is mostly geographically organized:[5]

AkzoNobel markets their products under various brandnames such as Dulux, Cuprinol, Tintas Coral, Hammerite, Herbol, Sico, Sikkens, International, Interpon, Casco, Nordsjö, Sadolin, Taubmans, Lesonal, Levis, Glidden, Flood, 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 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:[5]

Specialty chemicals

The chemicals group now consists of six business units.[5]

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 600–1000 million.

History

AkzoNobel has a long history of mergers and divestments. Parts of the current company can be traced back to 17th century companies.[6] 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)

AKZO 1792–1969 (original AKZO companies)

Later renamed Nederlandse Kunstzijdefabriek (Enka).

Enka's rayon spinning machines continually breakdown. Its director, Jacques Coenraad Hartogs, turns to Netherlands electrical pioneer and friend Rento Hofstede Crull [9] for a solution. To manufacturer 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 as also circumventing trade protectionism.[10]

AKZO 1969-1994 (merge of AKU and Koninklijke Zout Organon to AKZO), 1969)

Nobel Industries 1646-1994 (Group)

The Swedish weapons manufacturer Bofors was founded in Karlskoga in 1646. Nobel Industries was created in 1984 by the merger of a chemical company, KemaNobel, and the armaments maker, Bofors. Both Bofors and KemaNobel had 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.

Bofors 1646-1984 (merge with KemaNobel to become Nobel Industries, 1984)

KemaNobel 1841-1984 (merge with Bofors to become Nobel Industries, 1984)

Stockholms Superfosfat Fabriks - Fosfatbolaget
Casco
KemaNord

Cascogard develops into the production of agricultural chemicals such as weed killers, insecticides and fungicides.

KemaNobel

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 (Holding Company)

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 (entered Nobel Industries, 1986)

The first products are chlorine and alkali.

Sadolin & Holmblad 1777-1987

Sadolin Paints growth
Sadolin Printing Inks growth
Saldolin other activities

Berol Kemi 1937-1988 (entered Nobel Industries, 1988)

Crown Berger 1770-1990 (entered Nobel Industries, 1990)

Akzo Nobel 1994–2007/2008

Courtaulds 1826–1998

Fibres

Pharma

Chemical group

Coatings

Paints

Imperial Chemicals Industries (ICI) 1926–2007/2008

AkzoNobel 2008 and later

See also

References

  1. ^ a b c d e f g "Annual Results 2010". AkzoNobel. http://www.akzonobel.com/system/images/AkzoNobel_Q4_2010_Report_tcm9-55264.pdf. Retrieved 17 February 2011. 
  2. ^ Jonathan Steffen, ed (2008) (in Dutch). Tomorrow's Answers Today. The history of AkzoNobel since 1646. Amsterdam: Akzo Nobel N.V.. pp. 280. ISBN 978.90.5730.622.8. 
  3. ^ "AkzoNobel Fact File 2011". AkzoNobel. http://www.akzonobel.com/system/images/AkzoNobel_Fact_File_tcm9-60501.pdf. Retrieved 19 July 2011. 
  4. ^ Top companies: Most profitable CNNMoney.com. Retrieved on March 4, 2009.
  5. ^ a b c News and Views. Amsterdam: Akzo Nobel. 11 January 2008. 
  6. ^ Tomorrow's answers today, AkzoNobel 2008, ISBN 978 90 9022883 9, English version
  7. ^ AkzoNobel company history, fundinguniverse.com
  8. ^ 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
  9. ^ http://nl.wikipedia.org/wiki/Rento_Hofstede_Crull (Dutch)
  10. ^ http://southern.railfan.net/ties/1961/61-10/enka.html
  11. ^ a b "ICI: History". ICI. http://www.ici.com/History. 
  12. ^ "Shortlist announced for the Transform Awards for rebranding". Communicate magazine. January 2010. http://www.communicatemagazine.co.uk/index.php?option=com_content&view=article&id=886:shortlist-announced-for-the-transform-awards-for-rebranding&catid=1:stories&Itemid=115. 

External links