AkzoNobel Shuffles Portfolio

AkzoNobel says it will realign its portfolio by launching two new business units and merging two others. The planned changes, due to come into effect on January 1, 2010, include the creation of a stand-alone wood finishes and adhesives business and a restyled industrial coatings business, while the company's polymer chemicals activities will be merged into the functional chemicals organization. Wood finishes and adhesives will comprise the company's current wood finishes and wood adhesives activities, bringing more focus to this market, while industrial coatings...

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