IHS Chemical Week

Regions :: Western Europe :: Netherlands

Akzo Raises ICI Synergy Target; Discontinues ICI Name

7:24 AM MDT | April 22, 2008 | Kerri Walsh

Akzo Nobel has increased its estimated annual synergies target resulting from its acquisition of ICI by 20%, to €340 million. Akzo closed the ICI deal on January 2. “This breaks down as €180 million from decorative paints, €85 million from corporate savings and €75 million from procurement costs," says CEO Hans Wijers. Akzo says it expects to realize 15% of the synergies in 2008; 55% in 2009; and 85% in 2010. Akzo says it has identified a reduction in working capital of €100 million, consolidation of manufacturing sites of €100 million and...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa