The American Paint division accounted for sales of a half billion dollars last year and took about

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Although the decorative paints in 2011 in North America for $ 1.5 billion sales made, the branch, according to analysts, is not as profitable as the industrial paints. Akzo wants to focus on stronger markets in Europe and emerging markets. Completion of the sale is expected in the second quarter of next year. The sale AkzoNobel bathroom vanities generate cash proceeds of about $ 875 million. The proceeds are used to include lowering the debt and investment in organic growth. bathroom vanities
The American Paint division accounted for sales of a half billion dollars last year and took about seven percent of the total turnover of Akzo Nobel for its account. bathroom vanities The component losses but the results have improved over the last four years, to give the group. AkzoNobel remains in North America with the Performance Coatings and Specialty Chemicals businesses. Who last year had a combined turnover of more than $ 2.7 billion. First strategic move of Ton Büchner
The sale is the first strategic move by the new CEO Ton Büchner, who joined the company in April, but left shortly thereafter because of fatigue. Last week he went back to work. Büchner had been working properly for his leave with putting a new strategy, which he presents soon. In scaffolding Declining demand in Europe and U.S.
Akzo is facing a declining demand for paint, especially in Europe and the United States. In the third quarter, the paint and chemical company suffered a loss of 2.4 billion euros. In the third quarter of last year, the company made a net profit of 149 million bathroom vanities euros. bathroom vanities Read more about: Akzo Nobel, PPG Industries Ton Büchner paint verftak
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