Marine and Protective Coatings

  • Revenue was 5 percent lower as a result of exchange rates and mix
  • We benefited significantly from our reorganization into global units and functional lines. Operating expenses were reduced compared to 2012, with the benefit of exchange rates and the higher level of efficiencies offsetting inflation
  • A strong portfolio of projects led to continued growth in Protective Coatings in the oil and gas industry
  • In North America, a new distribution model for Protective Coatings was successfully implemented following the divestment of the company’s Decorative Paints North America business. We also capitalized on market growth in the Middle East and Korea
  • Marine Coatings increased its business in the deep sea maintenance and repair market, offsetting the global decline in new build
  • New product technologies were introduced in Marine Coatings (including Intersleek 1100SR and Intercept 7000/8000), helping AkzoNobel to regain its leadership position in fouling control innovation
  • Yacht Coatings successfully introduced Nautical, a value brand addressing the private label market, while additional new products were launched supporting the retail yacht market

Top raw materials

  • Epoxy resins and organic solvents
  • Copper/zinc
  • Curing agents

Key cost drivers

  • Oil feedstock chain
  • Metals, base chemicals prices

Some of our customers

  • Qatar Gas
  • Hapag Lloyd
  • Carnival Cruise
  • ExxonMobil
  • Shell
  • Hyundai Heavy Industries
  • West Marine
  • Brunswick

Revenue in € millions

Performance Coatings Marine and Protective – Revenue in € millions (bar chart)

Geo-mix revenue by destination in %

Performance Coatings Marine and Protective – Geo-mix revenue by destination in % (pie chart)

Key brands

Performance Coatings Marine and Protective – Key brands (logos)