AkzoNobel accelerates restructuring and announces new targets, launches customer-focused strategy

AkzoNobel has accelerated its previously announced restructuring program, and announced a new set of financial targets to be achieved by the end of 2015. The company also announced a strategy that focuses on end-user markets, operational excellence, and sustainability. It says that the strategy builds on the company's leading market positions in mature and high-growth markets. AkzoNobel says it aims to achieve the full annualized €500-million ($668 million) Ebitda benefit of its performance-improvement program in 2013, 1 year early. The program...

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