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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
AkzoNobelâ€™s Expansion Focuses on High-Growth Markets
8:45 AM MST | November 19, 2010 | â€”NATASHA ALPEROWICZ
AkzoNobel will focus on high-growth markets to achieve its recently announced target to raise annual sales by 44%, to â‚¬20 billion ($27.4 billion) over the next 5-6 years. The company aims to derive 50% of revenues from high-growth regions as soon as can be achieved this decade, compared with 37% in 2009. Sales in Asia/Pacific will account for 25% of AkzoNobelâ€™s total compared with 20% last year, Latin Americaâ€™s share will rise from 9% to 11%, and the Mideast and Africa will move to 5% of the total against 4% last year. Meanwhile, â€śhigher-growth Europeâ€ť...
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