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Akzo Nobel

AMSTERDAM, The Netherlands, Feb. 4, 2021 (Press Release) -A new research center which will develop pioneering products for the rapidly growing area of powder on wood has been opened by AkzoNobel at its site in Como, Italy.

The new R&D facility – which features an application lab, process lab, and analytical and testing lab – is dedicated to delivering low cure powder coatings for use on heat-sensitive substrates (such as MDF, plywood, thermoplastics and composites).

Its inauguration follows the recent acquisition of Stahl’s powder coatings activities, which gave AkzoNobel access to a broad range of solutions, including unique UV technology. The Como center will now focus on developing an expanding portfolio of low cure solutions, including low bake, UV and ultra-low bake (ULB) powder technologies. This will enable customers to use less energy during production, gain process speed and boost their own sustainability profile.

“We’re excited to build on our global leadership position and enter new markets while bringing more surfaces to life for our customers,” explains Daniela Vlad, Director of AkzoNobel’s Powder Coatings business. “In addition to strengthening our position as a technology leader, the new facility will also help to accelerate our speed to market so we can reach our customers even faster.”

She adds that this is only the first phase of the company’s expansion into powder on wood, with plans in place to open additional R&D centers in Asia and North America.

With customers worldwide looking to embrace the sustainability benefits that powder has to offer, powder on wood has become one of the fastest growing areas within the coatings industry. The company is therefore perfectly placed to make the most of the exciting new market opportunities that have opened up.

Continues Vlad: “The dedicated know-how we have in the new R&D center will enable us to develop a broad range of innovative new surface solutions, particularly for our wood coatings customers.

“Having recently expanded our Como site, it means we can now accommodate a European manufacturing facility for powder on wood and the new R&D center at the same location, which will speed up the service capability we offer to customers in this segment.”

The Como site is AkzoNobel’s biggest plant in Europe for producing powder coatings. As well as increasing capacity, the recent €20 million expansion also sharpened the company’s focus on sustainable manufacturing.

AkzoNobel supplies powder coatings to customers worldwide, covering market segments ranging from domestic appliances, architecture and automotive, to furniture, IT and general industrial applications.

About AkzoNobel

We’ve been pioneering a world of possibilities to bring surfaces to life for well over 200 years. As experts in making coatings, there’s a good chance you’re only ever a few meters away from one of our products. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from the most sustainable paints company, which has been inventing the future for more than two centuries.

AkzoNobel opens new R&D lab dedicated to low cure powder coatings at its site in Como, Italy

Posted in: Chemicals 02/04/2021 - 06:59

AMSTERDAM, The Netherlands, Feb. 4, 2021 (Press Release) -A new research center which will develop pioneering products for the rapidly growing area of powder on wood has been opened by AkzoNobel at its site in Como, Italy.

The new R&D facility – which features an application lab, process lab, and analytical and testing lab – is dedicated to delivering low cure powder coatings for use on heat-sensitive substrates (such as MDF, plywood, thermoplastics and composites).

Its inauguration follows the recent acquisition of Stahl’s powder coatings activities, which gave AkzoNobel access to a broad range of solutions, including unique UV technology. The Como center will now focus on developing an expanding portfolio of low cure solutions, including low bake, UV and ultra-low bake (ULB) powder technologies. This will enable customers to use less energy during production, gain process speed and boost their own sustainability profile.

“We’re excited to build on our global leadership position and enter new markets while bringing more surfaces to life for our customers,” explains Daniela Vlad, Director of AkzoNobel’s Powder Coatings business. “In addition to strengthening our position as a technology leader, the new facility will also help to accelerate our speed to market so we can reach our customers even faster.”

She adds that this is only the first phase of the company’s expansion into powder on wood, with plans in place to open additional R&D centers in Asia and North America.

With customers worldwide looking to embrace the sustainability benefits that powder has to offer, powder on wood has become one of the fastest growing areas within the coatings industry. The company is therefore perfectly placed to make the most of the exciting new market opportunities that have opened up.

Continues Vlad: “The dedicated know-how we have in the new R&D center will enable us to develop a broad range of innovative new surface solutions, particularly for our wood coatings customers.

“Having recently expanded our Como site, it means we can now accommodate a European manufacturing facility for powder on wood and the new R&D center at the same location, which will speed up the service capability we offer to customers in this segment.”

The Como site is AkzoNobel’s biggest plant in Europe for producing powder coatings. As well as increasing capacity, the recent €20 million expansion also sharpened the company’s focus on sustainable manufacturing.

AkzoNobel supplies powder coatings to customers worldwide, covering market segments ranging from domestic appliances, architecture and automotive, to furniture, IT and general industrial applications.

About AkzoNobel

We’ve been pioneering a world of possibilities to bring surfaces to life for well over 200 years. As experts in making coatings, there’s a good chance you’re only ever a few meters away from one of our products. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from the most sustainable paints company, which has been inventing the future for more than two centuries.

Read more

AMSTERDAM, The Netherlands, Jan. 28, 2021 (Press Release) -Akzo Nobel N.V. has today submitted a binding proposal to the Board of Directors of Tikkurila, having completed its due diligence on the company. The proposal relates to a tender offer for all the issued and outstanding shares of Tikkurila at an offer price of €31.25 per share, representing a total equity value of around €1.4 billion.

On January 18, 2021, AkzoNobel announced it had made a comprehensive non-binding proposal to acquire Tikkurila and invited the Board of Directors of Tikkurila to enter into negotiations with a view to reaching agreement on a recommended voluntary public cash tender offer.

Conducting customary due diligence has confirmed the AkzoNobel view that clear synergies would be created from collective procurement capabilities, expanded production, and combined sales and distribution channels. The combination would deliver substantial value creation for shareholders and also create significant opportunities for future growth – both for the company and its employees – by providing customers with more innovative and sustainable solutions.

The proposed transaction is consistent with the capital allocation priorities of AkzoNobel, is expected to be EPS accretive in the first year and value creating in the medium-term. The proposal is not conditional on financing – it would be financed using existing cash and credit lines – and AkzoNobel maintains a target leverage ratio of 1-2x net debt/EBITDA.

Key terms for launch and completion of an offer

The making of the potential tender offer, if any, depends on the satisfaction of the below pre-conditions. If the process advances quickly, an offer could be announced in February and AkzoNobel would envisage the offer period to begin as soon as possible in March. The transaction would be expected to be completed during 2021.

The binding proposal is conditional on (1) AkzoNobel and Tikkurila entering into a combination agreement pursuant to which the Board of Directors of Tikkurila recommends to the shareholders of Tikkurila that they accept AkzoNobel's tender offer and (2) obtaining an irrevocable undertaking from Oras Invest Oy to accept AkzoNobel's tender offer. The binding proposal is not conditional on due diligence or the approval by AkzoNobel's Supervisory Board, which has approved the submission of this binding proposal to Tikkurila.

According to the binding proposal, the completion of the tender offer, if announced, would be subject to customary conditions, such as reaching a 90% acceptance level, obtaining required regulatory approvals, no legislation or decision by a court or authority preventing the transaction, no material adverse change regarding Tikkurila, and the combination agreement, Tikkurila Board's recommendation and the irrevocable undertaking to be obtained from Oras Invest Oy remaining in force. AkzoNobel would reserve the right, at its sole discretion, to waive any of the conditions for completion of the potential offer.

Shareholders are advised that there is no certainty that the binding proposal will eventually lead to a final agreement between AkzoNobel and Tikkurila or the making of an offer to Tikkurila shareholders. The terms of the offer, if announced, may differ from the terms set out in the binding proposal and this announcement.

The current combination agreement entered into by Tikkurila includes procedures allowing the offeror to negotiate should the Board of Directors of Tikkurila contemplate effecting a change of its recommendation.

At the date of this announcement, AkzoNobel does not hold any shares of Tikkurila.

Advisors

AkzoNobel is being advised by HSBC and J.P. Morgan as financial advisers and De Brauw Blackstone Westbroek and Roschier, Attorneys Ltd. as legal advisers.

About AkzoNobel

We’ve been pioneering a world of possibilities to bring surfaces to life for well over 200 years. As experts in making coatings, there’s a good chance you’re only ever a few meters away from one of our products. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from the most sustainable paints company, which has been inventing the future for more than two centuries.

Akzo Nobel confirms intent to acquire Tikkurila for Euro 31.25 per share

Posted in: Chemicals 01/28/2021 - 12:33

AMSTERDAM, The Netherlands, Jan. 28, 2021 (Press Release) -Akzo Nobel N.V. has today submitted a binding proposal to the Board of Directors of Tikkurila, having completed its due diligence on the company. The proposal relates to a tender offer for all the issued and outstanding shares of Tikkurila at an offer price of €31.25 per share, representing a total equity value of around €1.4 billion.

On January 18, 2021, AkzoNobel announced it had made a comprehensive non-binding proposal to acquire Tikkurila and invited the Board of Directors of Tikkurila to enter into negotiations with a view to reaching agreement on a recommended voluntary public cash tender offer.

Conducting customary due diligence has confirmed the AkzoNobel view that clear synergies would be created from collective procurement capabilities, expanded production, and combined sales and distribution channels. The combination would deliver substantial value creation for shareholders and also create significant opportunities for future growth – both for the company and its employees – by providing customers with more innovative and sustainable solutions.

The proposed transaction is consistent with the capital allocation priorities of AkzoNobel, is expected to be EPS accretive in the first year and value creating in the medium-term. The proposal is not conditional on financing – it would be financed using existing cash and credit lines – and AkzoNobel maintains a target leverage ratio of 1-2x net debt/EBITDA.

Key terms for launch and completion of an offer

The making of the potential tender offer, if any, depends on the satisfaction of the below pre-conditions. If the process advances quickly, an offer could be announced in February and AkzoNobel would envisage the offer period to begin as soon as possible in March. The transaction would be expected to be completed during 2021.

The binding proposal is conditional on (1) AkzoNobel and Tikkurila entering into a combination agreement pursuant to which the Board of Directors of Tikkurila recommends to the shareholders of Tikkurila that they accept AkzoNobel's tender offer and (2) obtaining an irrevocable undertaking from Oras Invest Oy to accept AkzoNobel's tender offer. The binding proposal is not conditional on due diligence or the approval by AkzoNobel's Supervisory Board, which has approved the submission of this binding proposal to Tikkurila.

According to the binding proposal, the completion of the tender offer, if announced, would be subject to customary conditions, such as reaching a 90% acceptance level, obtaining required regulatory approvals, no legislation or decision by a court or authority preventing the transaction, no material adverse change regarding Tikkurila, and the combination agreement, Tikkurila Board's recommendation and the irrevocable undertaking to be obtained from Oras Invest Oy remaining in force. AkzoNobel would reserve the right, at its sole discretion, to waive any of the conditions for completion of the potential offer.

Shareholders are advised that there is no certainty that the binding proposal will eventually lead to a final agreement between AkzoNobel and Tikkurila or the making of an offer to Tikkurila shareholders. The terms of the offer, if announced, may differ from the terms set out in the binding proposal and this announcement.

The current combination agreement entered into by Tikkurila includes procedures allowing the offeror to negotiate should the Board of Directors of Tikkurila contemplate effecting a change of its recommendation.

At the date of this announcement, AkzoNobel does not hold any shares of Tikkurila.

Advisors

AkzoNobel is being advised by HSBC and J.P. Morgan as financial advisers and De Brauw Blackstone Westbroek and Roschier, Attorneys Ltd. as legal advisers.

About AkzoNobel

We’ve been pioneering a world of possibilities to bring surfaces to life for well over 200 years. As experts in making coatings, there’s a good chance you’re only ever a few meters away from one of our products. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from the most sustainable paints company, which has been inventing the future for more than two centuries.

Read more

AMSTERDAM, The Netherlands, Jan. 18, 2021 (Press Release) -Akzo Nobel N.V. has today made a comprehensive non-binding proposal to acquire Tikkurila. The proposed combination of AkzoNobel and Tikkurila would create a strong platform for future growth, better able to serve customers with more innovative and sustainable solutions, building on a shared European heritage.

The proposal includes an all-cash public offer for all issued and outstanding shares of Tikkurila at an offer price of €31.25 per share (“potential offer”) and total equity value of around €1.4 billion. This represents a premium of 113% to Tikkurila’s volume weighted average share price for the undisturbed three-month period ending December 17, 2020 and is 13% higher than the current offer made on January 5, 2021.

Thierry Vanlancker, AkzoNobel CEO, commented: “The natural combination of AkzoNobel and Tikkurila would build on centuries of industry experience and a shared European heritage to create significant value for customers, employees, shareholders and other stakeholders. Bringing together our premium brands and leading portfolios would provide customers with a wider range of innovative products and services, including the most sustainable paints and coatings solutions.”

To obtain merger clearance and ensure deal certainty for Tikkurila and its shareholders, AkzoNobel has agreed with Hempel key terms for the sale of assets, including the decorative paints business of AkzoNobel in the Nordics and the Baltics, to be completed after closing of AkzoNobel's proposed public offer for Tikkurila.

The Nordic culture and strong presence of Tikkurila in Finland would be reflected in the future organization. The main offices and production facilities of Tikkurila in Finland would become the vital hub for the combined business in the Baltic Sea region and substantial investment would be made in production facilities to supply future growth. Employees and management would benefit from new and exciting career and professional development opportunities, in Finland and the wider organization.

AkzoNobel and Tikkurila have a common approach to sustainability – it’s embedded in the way we operate – and AkzoNobel is widely recognized as the leader in the paints and coatings industry. Joining forces would build on the sustainable purpose of Tikkurila and continue to make a difference for all stakeholders, including local communities.

Thierry Vanlancker continued: “Our complementary geographic profiles would create superior value compared to any other combination, including growth opportunities for the company and its employees. Our collective procurement capabilities, expanded production, and combined sales and distribution channels would deliver substantial value creation. AkzoNobel and Tikkurila would have an exciting and sustainable future together, continuing the recent positive momentum and performance improvement, as a global frontrunner in the industry.”

The transaction is expected to be EPS accretive in 2022, is aligned with the capital allocation priorities of AkzoNobel, and will be financed using existing cash and credit lines. AkzoNobel will continue its current €300 million share buyback program and maintains a target leverage ratio of 1-2x net debt/EBITDA.

AkzoNobel invites the Board of Directors of Tikkurila to enter into negotiations with a view to reaching agreement on a recommended voluntary public cash tender offer.

Implied premia of the potential offer:

  • 108% premium compared to the closing price of Tikkurila share on December 17, 2020, the last trading day prior to Tikkurila announcement regarding the tender offer
  • 113% premium compared to the volume-weighted average trading price of Tikkurila share during the three-month period prior to December 17, 2020
  • 122% premium compared to the volume-weighted average trading price of Tikkurila share during the 12-month period prior to December 17, 2020

Advisors

AkzoNobel is being advised by HSBC and J.P. Morgan as financial advisers and De Brauw Blackstone Westbroek and Roschier, Attorneys Ltd. as legal advisers.

Key terms for launch and completion of the potential offer

The final decision to make the potential offer to Tikkurila shareholders is subject to certain conditions, including: 1) the Board of Directors of Tikkurila entering into negotiations with AkzoNobel, 2) customary due diligence on Tikkurila, 3) entering into a combination agreement between AkzoNobel and Tikkurila, 4) the Board of Directors of Tikkurila recommending to the shareholders of Tikkurila that they accept the tender offer of AkzoNobel, 5) obtaining an irrevocable undertaking from Oras Invest Oy to accept the potential offer and 6) final approval by the Supervisory Board of AkzoNobel.

The potential offer would be made pursuant to an offer document to be approved by the Finnish Financial Supervisory Authority (the “offer document”). The offer document would include all terms and conditions of the potential offer. The potential offer would only be accepted on the basis of the offer document.

The announcement of the potential offer, if any, depends on the time taken for the Board of Directors of Tikkurila to respond to this proposal and for negotiations to be concluded in relation to this transaction. If negotiations advance quickly, a potential offer could be announced in February and the transaction completed as soon as possible in 2021.

The completion of the potential offer, if announced, would be subject to customary conditions substantially similar to those included in the current tender offer document, dated January 14, 2021, such as reaching a 90% acceptance level and obtaining required regulatory approvals, and would not be conditional on financing. AkzoNobel would reserve the right, at its sole discretion, to waive any of the conditions for completion of the potential offer.

Shareholders are advised there can be no certainty that this proposal will eventually lead to any agreement between AkzoNobel and Tikkurila, the making of an offer to Tikkurila shareholders, or the timing and terms of any such agreement or offer. The terms of the potential offer, if announced, may differ from the terms set out in the proposal and this announcement.

AkzoNobel is aware, based on public information, that the combination agreement amended on January 5, 2021, includes procedures allowing the offeror to negotiate should the Board of Directors of Tikkurila contemplate effecting a change of its recommendation.

AkzoNobel reserves the right to acquire shares of Tikkurila prior to announcing a potential offer in public trading or otherwise. At the date of this announcement, AkzoNobel does not hold any shares of Tikkurila.

About AkzoNobel

AkzoNobel has a passion for paint. We’re experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 32,000 talented people who are passionate about delivering the high-performance products and services our customers expect.

Akzo Nobel makes bid for Tikkurila of Euro 31.25 per share

Posted in: Environment 01/18/2021 - 02:20

AMSTERDAM, The Netherlands, Jan. 18, 2021 (Press Release) -Akzo Nobel N.V. has today made a comprehensive non-binding proposal to acquire Tikkurila. The proposed combination of AkzoNobel and Tikkurila would create a strong platform for future growth, better able to serve customers with more innovative and sustainable solutions, building on a shared European heritage.

The proposal includes an all-cash public offer for all issued and outstanding shares of Tikkurila at an offer price of €31.25 per share (“potential offer”) and total equity value of around €1.4 billion. This represents a premium of 113% to Tikkurila’s volume weighted average share price for the undisturbed three-month period ending December 17, 2020 and is 13% higher than the current offer made on January 5, 2021.

Thierry Vanlancker, AkzoNobel CEO, commented: “The natural combination of AkzoNobel and Tikkurila would build on centuries of industry experience and a shared European heritage to create significant value for customers, employees, shareholders and other stakeholders. Bringing together our premium brands and leading portfolios would provide customers with a wider range of innovative products and services, including the most sustainable paints and coatings solutions.”

To obtain merger clearance and ensure deal certainty for Tikkurila and its shareholders, AkzoNobel has agreed with Hempel key terms for the sale of assets, including the decorative paints business of AkzoNobel in the Nordics and the Baltics, to be completed after closing of AkzoNobel's proposed public offer for Tikkurila.

The Nordic culture and strong presence of Tikkurila in Finland would be reflected in the future organization. The main offices and production facilities of Tikkurila in Finland would become the vital hub for the combined business in the Baltic Sea region and substantial investment would be made in production facilities to supply future growth. Employees and management would benefit from new and exciting career and professional development opportunities, in Finland and the wider organization.

AkzoNobel and Tikkurila have a common approach to sustainability – it’s embedded in the way we operate – and AkzoNobel is widely recognized as the leader in the paints and coatings industry. Joining forces would build on the sustainable purpose of Tikkurila and continue to make a difference for all stakeholders, including local communities.

Thierry Vanlancker continued: “Our complementary geographic profiles would create superior value compared to any other combination, including growth opportunities for the company and its employees. Our collective procurement capabilities, expanded production, and combined sales and distribution channels would deliver substantial value creation. AkzoNobel and Tikkurila would have an exciting and sustainable future together, continuing the recent positive momentum and performance improvement, as a global frontrunner in the industry.”

The transaction is expected to be EPS accretive in 2022, is aligned with the capital allocation priorities of AkzoNobel, and will be financed using existing cash and credit lines. AkzoNobel will continue its current €300 million share buyback program and maintains a target leverage ratio of 1-2x net debt/EBITDA.

AkzoNobel invites the Board of Directors of Tikkurila to enter into negotiations with a view to reaching agreement on a recommended voluntary public cash tender offer.

Implied premia of the potential offer:

  • 108% premium compared to the closing price of Tikkurila share on December 17, 2020, the last trading day prior to Tikkurila announcement regarding the tender offer
  • 113% premium compared to the volume-weighted average trading price of Tikkurila share during the three-month period prior to December 17, 2020
  • 122% premium compared to the volume-weighted average trading price of Tikkurila share during the 12-month period prior to December 17, 2020

Advisors

AkzoNobel is being advised by HSBC and J.P. Morgan as financial advisers and De Brauw Blackstone Westbroek and Roschier, Attorneys Ltd. as legal advisers.

Key terms for launch and completion of the potential offer

The final decision to make the potential offer to Tikkurila shareholders is subject to certain conditions, including: 1) the Board of Directors of Tikkurila entering into negotiations with AkzoNobel, 2) customary due diligence on Tikkurila, 3) entering into a combination agreement between AkzoNobel and Tikkurila, 4) the Board of Directors of Tikkurila recommending to the shareholders of Tikkurila that they accept the tender offer of AkzoNobel, 5) obtaining an irrevocable undertaking from Oras Invest Oy to accept the potential offer and 6) final approval by the Supervisory Board of AkzoNobel.

The potential offer would be made pursuant to an offer document to be approved by the Finnish Financial Supervisory Authority (the “offer document”). The offer document would include all terms and conditions of the potential offer. The potential offer would only be accepted on the basis of the offer document.

The announcement of the potential offer, if any, depends on the time taken for the Board of Directors of Tikkurila to respond to this proposal and for negotiations to be concluded in relation to this transaction. If negotiations advance quickly, a potential offer could be announced in February and the transaction completed as soon as possible in 2021.

The completion of the potential offer, if announced, would be subject to customary conditions substantially similar to those included in the current tender offer document, dated January 14, 2021, such as reaching a 90% acceptance level and obtaining required regulatory approvals, and would not be conditional on financing. AkzoNobel would reserve the right, at its sole discretion, to waive any of the conditions for completion of the potential offer.

Shareholders are advised there can be no certainty that this proposal will eventually lead to any agreement between AkzoNobel and Tikkurila, the making of an offer to Tikkurila shareholders, or the timing and terms of any such agreement or offer. The terms of the potential offer, if announced, may differ from the terms set out in the proposal and this announcement.

AkzoNobel is aware, based on public information, that the combination agreement amended on January 5, 2021, includes procedures allowing the offeror to negotiate should the Board of Directors of Tikkurila contemplate effecting a change of its recommendation.

AkzoNobel reserves the right to acquire shares of Tikkurila prior to announcing a potential offer in public trading or otherwise. At the date of this announcement, AkzoNobel does not hold any shares of Tikkurila.

About AkzoNobel

AkzoNobel has a passion for paint. We’re experts in the proud craft of making paints and coatings, setting the standard in color and protection since 1792. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. Headquartered in the Netherlands, we are active in over 150 countries and employ around 32,000 talented people who are passionate about delivering the high-performance products and services our customers expect.

Read more

WESEL, Germany, Nov. 5, 2020 (Press Release) -Dr. Christian Przybyla (51) will become Chairman of the Management Board of ECKART GmbH, based in Hartenstein near Nuremberg, Germany, on March 1, 2021, and will thus also take over the global management of ECKART, one of the four divisions of the specialty chemicals group ALTANA. He will succeed Dr. Wolfgang Schütt, who is leaving the company at his own request on February 28, 2021 to pursue new challenges outside the ALTANA Group. In his new capacity, Dr. Christian Przybyla, the current Chief Technology Officer of the ELANTAS division, will also become a member of ALTANA AG’s Executive Management Team.

“We are pleased to have found in Dr. Christian Przybyla a top-class internal successor for this important position, who not only knows the company very well, but above all our international markets,” said Martin Babilas, CEO of ALTANA AG. “We regret the departure of Dr. Wolfgang Schütt very much and would like to expressly thank him in advance for his successful work and important contributions to ALTANA’s further development during his 15 years of service in our company. We wish him continued success for his professional future and personally all the best.”

Dr. Christian Przybyla joined the ALTANA Group in April 2015 as Chief Technology Officer of ELANTAS. In this capacity, he was responsible for the division’s research and development activities, most recently from Korea. Before the doctor of chemistry joined the ALTANA Group, he spent 15 years in various management positions at Akzo Nobel.

About ALTANA:

ALTANA is a global leader in true specialty chemicals. The Group offers innovative, environmentally compatible solutions for coating manufacturers, paint and plastics processors, the printing and packaging industries, the cosmetics sector and the electrical and electronics industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments. ALTANA's four divisions, BYK, ECKART, ELANTAS, and ACTEGA, all occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.

Headquartered in Wesel, Germany, the ALTANA Group has 47 production facilities and 65 service and research laboratories worldwide. Throughout the Group more than 6,500 people work to ensure the worldwide success of ALTANA. In 2019, ALTANA achieved sales of more than €2.2 billion. About 7 percent of sales is invested in research and development every year. Its high earning power and high growth rate make ALTANA one of the most innovative, fastest growing, and profitable chemical companies in the world.

About ECKART:

The ECKART Group, a company of ALTANA AG, is one of the world’s leading manufacturers of effect pigments. With around 1,750 employees worldwide, the group of companies develops, produces, and distributes metallic effect and pearlescent pigments in powder, paste, and pellet form as well as concentrates, dispersions, and printing inks. ECKART products are used in the paint and printing industry, the plastics and aerated concrete sectors, and in cosmetic products. In the future, ECKART will optimize and develop metal powders for 3D printing, thus opening up new areas of application. ECKART has a presence in over 70 countries.

ALTANA appoints Dr. Christian Przybyla as new chairman of management board of its ECKART division on March 1, 2021

Posted in: Chemicals 11/05/2020 - 05:52

WESEL, Germany, Nov. 5, 2020 (Press Release) -Dr. Christian Przybyla (51) will become Chairman of the Management Board of ECKART GmbH, based in Hartenstein near Nuremberg, Germany, on March 1, 2021, and will thus also take over the global management of ECKART, one of the four divisions of the specialty chemicals group ALTANA. He will succeed Dr. Wolfgang Schütt, who is leaving the company at his own request on February 28, 2021 to pursue new challenges outside the ALTANA Group. In his new capacity, Dr. Christian Przybyla, the current Chief Technology Officer of the ELANTAS division, will also become a member of ALTANA AG’s Executive Management Team.

“We are pleased to have found in Dr. Christian Przybyla a top-class internal successor for this important position, who not only knows the company very well, but above all our international markets,” said Martin Babilas, CEO of ALTANA AG. “We regret the departure of Dr. Wolfgang Schütt very much and would like to expressly thank him in advance for his successful work and important contributions to ALTANA’s further development during his 15 years of service in our company. We wish him continued success for his professional future and personally all the best.”

Dr. Christian Przybyla joined the ALTANA Group in April 2015 as Chief Technology Officer of ELANTAS. In this capacity, he was responsible for the division’s research and development activities, most recently from Korea. Before the doctor of chemistry joined the ALTANA Group, he spent 15 years in various management positions at Akzo Nobel.

About ALTANA:

ALTANA is a global leader in true specialty chemicals. The Group offers innovative, environmentally compatible solutions for coating manufacturers, paint and plastics processors, the printing and packaging industries, the cosmetics sector and the electrical and electronics industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments. ALTANA's four divisions, BYK, ECKART, ELANTAS, and ACTEGA, all occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.

Headquartered in Wesel, Germany, the ALTANA Group has 47 production facilities and 65 service and research laboratories worldwide. Throughout the Group more than 6,500 people work to ensure the worldwide success of ALTANA. In 2019, ALTANA achieved sales of more than €2.2 billion. About 7 percent of sales is invested in research and development every year. Its high earning power and high growth rate make ALTANA one of the most innovative, fastest growing, and profitable chemical companies in the world.

About ECKART:

The ECKART Group, a company of ALTANA AG, is one of the world’s leading manufacturers of effect pigments. With around 1,750 employees worldwide, the group of companies develops, produces, and distributes metallic effect and pearlescent pigments in powder, paste, and pellet form as well as concentrates, dispersions, and printing inks. ECKART products are used in the paint and printing industry, the plastics and aerated concrete sectors, and in cosmetic products. In the future, ECKART will optimize and develop metal powders for 3D printing, thus opening up new areas of application. ECKART has a presence in over 70 countries.

Read more

AMSTERDAM, The Netherlands, July 9, 2020 (Press Release) -Our collaboration with Alucha uses paper sludge to make paint.

Alucha and AkzoNobel are collaborating on technology that turns paper sludge into resources for making paint. Alucha won the partnership in the 2019 Paint the Future global startup challenge. Now, we reveal how it’s unfolding.

“With AkzoNobel as launching customer, we’re now creating a consortium of partners in order to create the world’s first circular calcium carbonate ‘mine’.” - Gijs Jansen, Alucha CEO

A lot has happened since Alucha became one of five winners of the 2019 Paint the Future startup challenge. Gijs Jansen, Alucha CEO, and Rinske van Heiningen, AkzoNobel’s Director of Sustainability, share what’s next in this exciting partnership to turn paper sludge into useable resources that can be used to make paint.

Waste not, want not

Alucha has developed a technology that recovers calcium carbonate – a mineral that goes into things like plastics, paper, and paints – from paper waste. Paper sludge, which is what’s left of paper once the fibers have broken down so much that it cannot be recycled anymore, is the paper industry’s biggest waste stream. But together, we can help make something useable out of it.

“Today, calcium carbonate comes out of mines and quarries in great quantities. It goes into plastics, paper, paints, pharmaceuticals and all sorts of everyday life products which will be thrown away and end up in landfill or incineration facilities,” says Gijs.

“Either way you lose the calcium carbonate and burning it will generate carbon dioxide (CO2),” Gijs explains. “Our technology to recover calcium carbonate will mean less waste in the landfill or incinerator, and also less reliance on mining.”

From paper to paint

What AkzoNobel finds especially exciting about Alucha’s technology is that the calcium carbonate recovered from paper sludge is an essential raw material we use in our paint. This non-commodity supply offers a relatively low cost and efficient way to make our products more sustainable and circular.

Participating in the circular economy – which AkzoNobel is keen to do – means reducing or eliminating our waste and our continual use of resources. It certainly helps to find new and more sustainable sources like this one made possible by Alucha.

Alucha entered the Paint the Future challenge knowing that the paint industry was an important consumer of calcium carbonate. Now their research has paid off. Our two companies have a sourcing agreement in place and are working closely together on next steps.

Launching customer

Rinske says: “At AkzoNobel, we intend to buy this mineral from Alucha and become their launching customer. We’re very excited for opportunities to use recycled raw materials in our products. Our partnership with Alucha is one such example supporting our ‘People. Planet. Paint.’ sustainability ambitions.”

In the coming months, we’ll be testing the calcium carbonate Alucha collected from its pilot phase at the Sassenheim laboratory in the Netherlands. We’ve decided to use the recycled calcium carbonate in a filler to start with. Because of the filler’s relatively small scale, it’ll be easier to test, integrate and launch.

“Finding your first customer, especially if it’s a large corporation like AkzoNobel, is a sign of trust that there is real potential,” says Gijs. “We’re now creating a consortium of partners in order to create the world’s first circular calcium carbonate ‘mine’.”

“We’re supporting Alucha in their quest for funding and beyond,” says Rinske. “If all turns out well, we expect to launch the first products infused with Alucha’s magic in 2021.”

Stick with us for this exciting journey! Stay tuned for updates as we work with Alucha and the other four winning startups to develop their technologies.

AkzoNobel collaborates with Alucha on technology to turn paper sludge into resources for making paint

Posted in: Chemicals 07/09/2020 - 11:25

AMSTERDAM, The Netherlands, July 9, 2020 (Press Release) -Our collaboration with Alucha uses paper sludge to make paint.

Alucha and AkzoNobel are collaborating on technology that turns paper sludge into resources for making paint. Alucha won the partnership in the 2019 Paint the Future global startup challenge. Now, we reveal how it’s unfolding.

“With AkzoNobel as launching customer, we’re now creating a consortium of partners in order to create the world’s first circular calcium carbonate ‘mine’.” - Gijs Jansen, Alucha CEO

A lot has happened since Alucha became one of five winners of the 2019 Paint the Future startup challenge. Gijs Jansen, Alucha CEO, and Rinske van Heiningen, AkzoNobel’s Director of Sustainability, share what’s next in this exciting partnership to turn paper sludge into useable resources that can be used to make paint.

Waste not, want not

Alucha has developed a technology that recovers calcium carbonate – a mineral that goes into things like plastics, paper, and paints – from paper waste. Paper sludge, which is what’s left of paper once the fibers have broken down so much that it cannot be recycled anymore, is the paper industry’s biggest waste stream. But together, we can help make something useable out of it.

“Today, calcium carbonate comes out of mines and quarries in great quantities. It goes into plastics, paper, paints, pharmaceuticals and all sorts of everyday life products which will be thrown away and end up in landfill or incineration facilities,” says Gijs.

“Either way you lose the calcium carbonate and burning it will generate carbon dioxide (CO2),” Gijs explains. “Our technology to recover calcium carbonate will mean less waste in the landfill or incinerator, and also less reliance on mining.”

From paper to paint

What AkzoNobel finds especially exciting about Alucha’s technology is that the calcium carbonate recovered from paper sludge is an essential raw material we use in our paint. This non-commodity supply offers a relatively low cost and efficient way to make our products more sustainable and circular.

Participating in the circular economy – which AkzoNobel is keen to do – means reducing or eliminating our waste and our continual use of resources. It certainly helps to find new and more sustainable sources like this one made possible by Alucha.

Alucha entered the Paint the Future challenge knowing that the paint industry was an important consumer of calcium carbonate. Now their research has paid off. Our two companies have a sourcing agreement in place and are working closely together on next steps.

Launching customer

Rinske says: “At AkzoNobel, we intend to buy this mineral from Alucha and become their launching customer. We’re very excited for opportunities to use recycled raw materials in our products. Our partnership with Alucha is one such example supporting our ‘People. Planet. Paint.’ sustainability ambitions.”

In the coming months, we’ll be testing the calcium carbonate Alucha collected from its pilot phase at the Sassenheim laboratory in the Netherlands. We’ve decided to use the recycled calcium carbonate in a filler to start with. Because of the filler’s relatively small scale, it’ll be easier to test, integrate and launch.

“Finding your first customer, especially if it’s a large corporation like AkzoNobel, is a sign of trust that there is real potential,” says Gijs. “We’re now creating a consortium of partners in order to create the world’s first circular calcium carbonate ‘mine’.”

“We’re supporting Alucha in their quest for funding and beyond,” says Rinske. “If all turns out well, we expect to launch the first products infused with Alucha’s magic in 2021.”

Stick with us for this exciting journey! Stay tuned for updates as we work with Alucha and the other four winning startups to develop their technologies.

Read more

AMSTERDAM, The Netherlands, July 9, 2020 (Press Release) -Our collaboration with Alucha uses paper sludge to make paint.

Alucha and AkzoNobel are collaborating on technology that turns paper sludge into resources for making paint. Alucha won the partnership in the 2019 Paint the Future global startup challenge. Now, we reveal how it’s unfolding.

“With AkzoNobel as launching customer, we’re now creating a consortium of partners in order to create the world’s first circular calcium carbonate ‘mine’.” - Gijs Jansen, Alucha CEO

A lot has happened since Alucha became one of five winners of the 2019 Paint the Future startup challenge. Gijs Jansen, Alucha CEO, and Rinske van Heiningen, AkzoNobel’s Director of Sustainability, share what’s next in this exciting partnership to turn paper sludge into useable resources that can be used to make paint.

Waste not, want not

Alucha has developed a technology that recovers calcium carbonate – a mineral that goes into things like plastics, paper, and paints – from paper waste. Paper sludge, which is what’s left of paper once the fibers have broken down so much that it cannot be recycled anymore, is the paper industry’s biggest waste stream. But together, we can help make something useable out of it.

“Today, calcium carbonate comes out of mines and quarries in great quantities. It goes into plastics, paper, paints, pharmaceuticals and all sorts of everyday life products which will be thrown away and end up in landfill or incineration facilities,” says Gijs.

“Either way you lose the calcium carbonate and burning it will generate carbon dioxide (CO2),” Gijs explains. “Our technology to recover calcium carbonate will mean less waste in the landfill or incinerator, and also less reliance on mining.”

From paper to paint

What AkzoNobel finds especially exciting about Alucha’s technology is that the calcium carbonate recovered from paper sludge is an essential raw material we use in our paint. This non-commodity supply offers a relatively low cost and efficient way to make our products more sustainable and circular.

Participating in the circular economy – which AkzoNobel is keen to do – means reducing or eliminating our waste and our continual use of resources. It certainly helps to find new and more sustainable sources like this one made possible by Alucha.

Alucha entered the Paint the Future challenge knowing that the paint industry was an important consumer of calcium carbonate. Now their research has paid off. Our two companies have a sourcing agreement in place and are working closely together on next steps.

Launching customer

Rinske says: “At AkzoNobel, we intend to buy this mineral from Alucha and become their launching customer. We’re very excited for opportunities to use recycled raw materials in our products. Our partnership with Alucha is one such example supporting our ‘People. Planet. Paint.’ sustainability ambitions.”

In the coming months, we’ll be testing the calcium carbonate Alucha collected from its pilot phase at the Sassenheim laboratory in the Netherlands. We’ve decided to use the recycled calcium carbonate in a filler to start with. Because of the filler’s relatively small scale, it’ll be easier to test, integrate and launch.

“Finding your first customer, especially if it’s a large corporation like AkzoNobel, is a sign of trust that there is real potential,” says Gijs. “We’re now creating a consortium of partners in order to create the world’s first circular calcium carbonate ‘mine’.”

“We’re supporting Alucha in their quest for funding and beyond,” says Rinske. “If all turns out well, we expect to launch the first products infused with Alucha’s magic in 2021.”

Stick with us for this exciting journey! Stay tuned for updates as we work with Alucha and the other four winning startups to develop their technologies.

AkzoNobel collaborates with Alucha on technology to turn paper sludge into resources for making paint

Posted in: Environment 07/09/2020 - 11:25

AMSTERDAM, The Netherlands, July 9, 2020 (Press Release) -Our collaboration with Alucha uses paper sludge to make paint.

Alucha and AkzoNobel are collaborating on technology that turns paper sludge into resources for making paint. Alucha won the partnership in the 2019 Paint the Future global startup challenge. Now, we reveal how it’s unfolding.

“With AkzoNobel as launching customer, we’re now creating a consortium of partners in order to create the world’s first circular calcium carbonate ‘mine’.” - Gijs Jansen, Alucha CEO

A lot has happened since Alucha became one of five winners of the 2019 Paint the Future startup challenge. Gijs Jansen, Alucha CEO, and Rinske van Heiningen, AkzoNobel’s Director of Sustainability, share what’s next in this exciting partnership to turn paper sludge into useable resources that can be used to make paint.

Waste not, want not

Alucha has developed a technology that recovers calcium carbonate – a mineral that goes into things like plastics, paper, and paints – from paper waste. Paper sludge, which is what’s left of paper once the fibers have broken down so much that it cannot be recycled anymore, is the paper industry’s biggest waste stream. But together, we can help make something useable out of it.

“Today, calcium carbonate comes out of mines and quarries in great quantities. It goes into plastics, paper, paints, pharmaceuticals and all sorts of everyday life products which will be thrown away and end up in landfill or incineration facilities,” says Gijs.

“Either way you lose the calcium carbonate and burning it will generate carbon dioxide (CO2),” Gijs explains. “Our technology to recover calcium carbonate will mean less waste in the landfill or incinerator, and also less reliance on mining.”

From paper to paint

What AkzoNobel finds especially exciting about Alucha’s technology is that the calcium carbonate recovered from paper sludge is an essential raw material we use in our paint. This non-commodity supply offers a relatively low cost and efficient way to make our products more sustainable and circular.

Participating in the circular economy – which AkzoNobel is keen to do – means reducing or eliminating our waste and our continual use of resources. It certainly helps to find new and more sustainable sources like this one made possible by Alucha.

Alucha entered the Paint the Future challenge knowing that the paint industry was an important consumer of calcium carbonate. Now their research has paid off. Our two companies have a sourcing agreement in place and are working closely together on next steps.

Launching customer

Rinske says: “At AkzoNobel, we intend to buy this mineral from Alucha and become their launching customer. We’re very excited for opportunities to use recycled raw materials in our products. Our partnership with Alucha is one such example supporting our ‘People. Planet. Paint.’ sustainability ambitions.”

In the coming months, we’ll be testing the calcium carbonate Alucha collected from its pilot phase at the Sassenheim laboratory in the Netherlands. We’ve decided to use the recycled calcium carbonate in a filler to start with. Because of the filler’s relatively small scale, it’ll be easier to test, integrate and launch.

“Finding your first customer, especially if it’s a large corporation like AkzoNobel, is a sign of trust that there is real potential,” says Gijs. “We’re now creating a consortium of partners in order to create the world’s first circular calcium carbonate ‘mine’.”

“We’re supporting Alucha in their quest for funding and beyond,” says Rinske. “If all turns out well, we expect to launch the first products infused with Alucha’s magic in 2021.”

Stick with us for this exciting journey! Stay tuned for updates as we work with Alucha and the other four winning startups to develop their technologies.

Read more

AMSTERDAM, The Netherlands , June 22, 2020 (Press Release) -Nouryon has completed a project to more than double capacity for organic peroxides at its plant in Itupeva, Brazil. The expansion will add capacity for products including methyl ethyl ketone peroxides (MEKP) as well as dibenzyl peroxide (BPO) pastes and waxes. These are essential ingredients used in the production of composites serving fast-growing markets such as wind turbines and civil construction.

“This investment in Itupeva has transformed our site into a state-of-the-art production facility and gives our composites customers greater supply reliability across our entire organic peroxides product portfolio,” said Alain Rynwalt, Vice President of Polymer Catalysts at Nouryon. One key upgrade at the site is installation of an advanced Safety Instrumented System (SIS).

This is the latest in a series of investments Nouryon has made to strengthen its Polymer Catalysts business, which includes organic peroxides and metal alkyls. Last year, the company acquired Zhejiang Friend Chemical Co., the largest producer of triethyl aluminum (TEAL) in China. In April of this year, Nouryon announced an agreement to acquire the merchant TEAL business of Sasol.

“Nouryon is a world leader in essential ingredients for the polymer industry,” said Johan Landfors, President of Technology Solutions at Nouryon. “We supply our growing customer base from production facilities in Europe, Asia and the Americas, and our most recent investment in Itupeva strengthens even more our supply position in this fast-growing region.”

About Nouryon

We are a global specialty chemicals leader. Markets worldwide rely on our essential chemistry in the manufacture of everyday products such as paper, plastics, building materials, food, pharmaceuticals, and personal care items. Building on our nearly 400-year history, the dedication of our 10,000 employees, and our shared commitment to business growth, strong financial performance, safety, sustainability, and innovation, we have established a world-class business and built strong partnerships with our customers. We operate in over 80 countries around the world and our portfolio of industry-leading brands includes Eka, Dissolvine, Trigonox, and Berol.

 

Nouryon completes organic peroxides expansion at its plant in Itupeva, Brazil

Posted in: Chemicals 06/22/2020 - 04:33

AMSTERDAM, The Netherlands , June 22, 2020 (Press Release) -Nouryon has completed a project to more than double capacity for organic peroxides at its plant in Itupeva, Brazil. The expansion will add capacity for products including methyl ethyl ketone peroxides (MEKP) as well as dibenzyl peroxide (BPO) pastes and waxes. These are essential ingredients used in the production of composites serving fast-growing markets such as wind turbines and civil construction.

“This investment in Itupeva has transformed our site into a state-of-the-art production facility and gives our composites customers greater supply reliability across our entire organic peroxides product portfolio,” said Alain Rynwalt, Vice President of Polymer Catalysts at Nouryon. One key upgrade at the site is installation of an advanced Safety Instrumented System (SIS).

This is the latest in a series of investments Nouryon has made to strengthen its Polymer Catalysts business, which includes organic peroxides and metal alkyls. Last year, the company acquired Zhejiang Friend Chemical Co., the largest producer of triethyl aluminum (TEAL) in China. In April of this year, Nouryon announced an agreement to acquire the merchant TEAL business of Sasol.

“Nouryon is a world leader in essential ingredients for the polymer industry,” said Johan Landfors, President of Technology Solutions at Nouryon. “We supply our growing customer base from production facilities in Europe, Asia and the Americas, and our most recent investment in Itupeva strengthens even more our supply position in this fast-growing region.”

About Nouryon

We are a global specialty chemicals leader. Markets worldwide rely on our essential chemistry in the manufacture of everyday products such as paper, plastics, building materials, food, pharmaceuticals, and personal care items. Building on our nearly 400-year history, the dedication of our 10,000 employees, and our shared commitment to business growth, strong financial performance, safety, sustainability, and innovation, we have established a world-class business and built strong partnerships with our customers. We operate in over 80 countries around the world and our portfolio of industry-leading brands includes Eka, Dissolvine, Trigonox, and Berol.

 
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AMSTERDAM, The Netherlands , June 5, 2019 (Press Release) -Nouryon has completed a €20 million project at Sundsvall, Sweden that significantly raises production capacity for its Expancel expandable microspheres. These are used to enhance the properties of products ranging from shoe soles and food packaging to wind turbines.

“Expancel demand is growing fast as we develop new applications to fulfil customer needs,” said Sylvia Winkel Pettersson, Director Expancel at Nouryon. “Examples include underbody coatings, weather strips and repair putty for the automotive market, and sealants, floorings and elastomeric cool roof coatings for the construction market.”

Expancel microspheres are used as a lightweight filler and a blowing agent to make end products lighter, create attractive textures, protect against damage or shield against the elements. At the same time it also reduces costs as less raw material is needed.

Nouryon is the leading producer of expandable microspheres. The company recently announced that it would invest in a new world-scale Expancel plant in the US, subject to final board approval.

“These projects reflect our commitment to meet growing demand and grow successfully alongside our customers around the world,” added Niek Stapel, Managing Director Pulp and Performance Chemicals at Nouryon. “Expanding our capacity will significantly strengthen our leadership position in expandable microspheres.”

About Nouryon

We are a global specialty chemicals leader. Markets worldwide rely on our essential chemistry in the manufacture of everyday products such as paper, plastics, building materials, food, pharmaceuticals, and personal care items. Building on our nearly 400-year history, the dedication of our 10,000 employees, and our shared commitment to business growth, strong financial performance, safety, sustainability, and innovation, we have established a world-class business and built strong partnerships with our customers. We operate in over 80 countries around the world and our portfolio of industry-leading brands includes Eka, Dissolvine, Trigonox, and Berol.

Nouryon completes Euro 20 million project to increase Expancel expandable microspheres production capacity in Sundsvall, Sweden

Posted in: Mills 06/05/2019 - 06:07

AMSTERDAM, The Netherlands , June 5, 2019 (Press Release) -Nouryon has completed a €20 million project at Sundsvall, Sweden that significantly raises production capacity for its Expancel expandable microspheres. These are used to enhance the properties of products ranging from shoe soles and food packaging to wind turbines.

“Expancel demand is growing fast as we develop new applications to fulfil customer needs,” said Sylvia Winkel Pettersson, Director Expancel at Nouryon. “Examples include underbody coatings, weather strips and repair putty for the automotive market, and sealants, floorings and elastomeric cool roof coatings for the construction market.”

Expancel microspheres are used as a lightweight filler and a blowing agent to make end products lighter, create attractive textures, protect against damage or shield against the elements. At the same time it also reduces costs as less raw material is needed.

Nouryon is the leading producer of expandable microspheres. The company recently announced that it would invest in a new world-scale Expancel plant in the US, subject to final board approval.

“These projects reflect our commitment to meet growing demand and grow successfully alongside our customers around the world,” added Niek Stapel, Managing Director Pulp and Performance Chemicals at Nouryon. “Expanding our capacity will significantly strengthen our leadership position in expandable microspheres.”

About Nouryon

We are a global specialty chemicals leader. Markets worldwide rely on our essential chemistry in the manufacture of everyday products such as paper, plastics, building materials, food, pharmaceuticals, and personal care items. Building on our nearly 400-year history, the dedication of our 10,000 employees, and our shared commitment to business growth, strong financial performance, safety, sustainability, and innovation, we have established a world-class business and built strong partnerships with our customers. We operate in over 80 countries around the world and our portfolio of industry-leading brands includes Eka, Dissolvine, Trigonox, and Berol.

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