Akzo Predicts 2008 will Prove a "Testing Environment"

Akzo Nobel is predicting that “ongoing pressure created by raw material prices, volatility in major currencies and a slowdown in overall growth in North America and Europe will make for a testing environment” in 2008. Despite such challenges the company says it is on track to deliver on its promises to outgrow its markets and further improve its bottom line. The integration of recently acquired ICI that is projected to deliver synergy savings of €280 million ($429 million)/year is “progressing well,” Leif Darner, Akzo board member...

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