Akzo Nobel

Akzo Nobel NV (AMS:AKZA) AkzoNobel Functional Chemicals has officially opened a new production site in Shanghai, China, for its Elotex building material additives business.

Akzo Nobel NV (AMS:AKZA) Summary:

Akzo Nobel NV (AMS:AKZA) AkzoNobel has strengthened its world-leading Marine & Protective Coatings portfolio following the acquisition of the Enviroline business from Florida-based Industrial Environmental Coatings Corporation.

Akzo Nobel NV (AMS:AKZA) AkzoNobel has developed a coatings menu for McDonald's which involves supplying a range of paint products for the re-imaging of hundreds of its Purely Simple style restaurants.

Akzo Nobel NV (AMS:AKZA) Management announces new operational targets and additional cost savings

Akzo Nobel NV (AMS:AKZA) AkzoNobel is to invest almost €50 million in its Performance Coatings activities after agreeing two acquisitions which will boost the company's Car Refinishes and Industrial Finishes businesses.

Akzo Nobel NV (AMS:AKZA) AkzoNobel has been ranked as one of the chemicals industry leaders on the prestigious Dow Jones Sustainability World Indexes (DJSI), underlining the company's ongoing commitment to improving its sustainability performance.

Akzo Nobel NV (AMS:AKZA) AkzoNobel has agreed to sell its Crown Paints decorative paints business in the United Kingdom and Ireland to Endless LLP, an independent private equity house. AkzoNobel has also agreed a deal to sell two Belgian brands to Rieu Investissements S.A., a French producer of coatings. These divestments are a consequence of the commitment package which was agreed with the European Commission in connection with AkzoNobel's acquisition of Imperial Chemical Industries plc (ICI) in January 2008.

Akzo Nobel NV (AMS:AKZA) AkzoNobel has expanded its presence in China with the opening of a new site for the manufacture and sales of protective coatings in Suzhou, China, about 80 kilometers west of Shanghai.

Akzo Nobel NV (NASDAQ:AKZOY) * Revenue and EBITDA in constant currencies ahead 9 and 5 percent * Strong EBITDA margin of 13.6 percent * Benefiting from geographical spread - 35 percent of business in emerging markets * Earnings per share from continuing operations before incidentals up 5 percent * Almost €1 billion of €3 billion share buyback completed * ICI integration ahead of schedule * Outlook 2008 - EBITDA before incidentals, in constant currencies, close to 2007 pro forma of €1,870 million