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Akzo Nobel Is Ready to Grow Chemicals

10:42 AM MDT | August 1, 2007 | Natasha Alperowicz

Akzo Nobel says it is ready to grow its chemical business following a major reshaping of the business’s portfolio. The restructuring involved divestment of 16 businesses over the last few years that raised a combined €700 million ($945 million) in proceeds. “We have a chemicals portfolio that has gone through a major transition and now has very strong positions in five growth platforms,” says Akzo CEO, Hans Wijers. The chemicals business has moved from a restructuring mode to a growth mode, and is “entitled to growth capital both for...

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