“Market Cap $19.82 B As of May 2014
At a Glance
- Industry: Diversified Chemicals
- Founded: 1969
- Country: Netherlands
- CEO: Ton Buechner
- Website: www.akzonobel.com
- Employees: 49,600
- Sales: $19.37 B
- Headquarters: Amsterdam
#477 Global 2000
- #486 in Sales
- #660 in Profit
- #963 in Assets
- #557 in Market value
Akzo Nobel NV engages in the production and supply of decorative paints, performance coatings and specialty chemicals. Its operations are carried out through the following segments: Decorative Paints, Performance Coatings, and Specialty Chemicals. The Decorative Paints segment supplies a full range of interior and exterior decoration and protection products for both professional and do-it-yourself markets. The Performance Coatings segment engages in general industrial coatings, protective coatings, automotive vehicle refinishes, aerospace coatings, coil and extrusion coatings and packaging coatings. The Specialty Chemicals segment includes such as disinfectants, plastics, soaps, detergents, cosmetics, paper and asphalt. The company was founded in 1994 and is headquartered in Amsterdam, Netherlands.“
“Akzo Nobel History
AkzoNobel has a long and distinguished history. Since our inception in 1646 we’ve constantly delivered technical and product innovation. For example, in the 19th century we pioneered industrial-scale chemical manufacture. More recently we’ve led the way with high-tech coatings and artificial fibers.
Here are some more of the highlights over the years:
Bofors forge is founded in Sweden.
Det Holmbladske Selskab, now Sadolin, is founded in Denmark.
Painter and decorator Wiert Willem Sikkens starts making Sikkens lacquers in the Dutch town of Groningen.
KemaNobel is established in Sweden. More than a hundred years later, in 1984, KemaNobel will merge with Bofors to form Nobel Industries, which will in turn be acquired by Akzo in 1994.
Alfred Nobel (the man behind the Nobel Prize) founds Elektrokemiska Aktiebolaget – known as Eka – in Bengtsfors, Sweden. Its aim is to make chlorine and alkali. Today Eka Chemicals is AkzoNobel’s Pulp & Paper Chemicals business.
Koninklijke Nederlandse Zoutindustrie (KZO) kick-starts the Dutch salt industry in response to salt shortages during World War I.
Saal van Zwanenberg establishes Organon to produce insulin from the pancreases of animals.
UK man-made fiber company Courtaulds acquires International Paints.
Algemeene Kunstzijde Unie NV (AKU) merges with Koninklijke Zwanenberg Organon (KZO) to form AKZO.
Akzo and Nobel Industries merge to form AkzoNobel.
AkzoNobel acquires UK company Courtaulds. Their products include high-tech industrial coatings and man-made fibers such as Courtelle and Tencel.
AkzoNobel sells Organon BioSciences NV to Schering-Plough Corporation.
AkzoNobel acquires Imperial Chemical Industries PLC (ICI).”
*Information from Forbes.com and Akzonobel.com
**Video published on YouTube by “AkzoNobel“