IHS Chemical Week

Chemical Week Magazine :: Newsbriefs

Akzo Raises ICI Savings Target; Discontinues ICI Name

9:43 AM MDT | April 29, 2008 | Chemical Week Editorial Staff

Wijers: Paint brand names will remain. Akzo Nobel has increased its estimate for annualized cost savings from its acquisition of ICI by 20%, to €340 million ($532 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 Akzo CEO Hans Wijers. Akzo expects to realize 15% of the synergies in 2008, 55% in 2009, and 85% in 2010. It says it has identified a reduction in working capital of €100 million...

This information is only available to Chemical Week subscribers.


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

Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.


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