Outlook
We are delivering towards our “Winning together: 15 by 20” strategy by creating a fit-for-purpose organization for a focused Paints and Coatings company, contributing to the achievement of our 2020 guidance.
For the remainder of 2018, we expect positive developments for Decorative Paints and Performance Coatings, excluding Marine and Protective Coatings where market conditions are still challenging. Demand trends differ per region and segment.
Raw material inflation is projected to continue for the remainder of 2018, although at a slower rate than during the start of the year. Robust pricing initiatives and cost saving programs are in place to mitigate the current challenges.
Please refer to our website for more information on our ambitions and the strategic focus areas.
AkzoNobel seals recommended supplier agreement with Mercedes-Benz China
AkzoNobel has become the recommended supplier of automotive refinishes for Mercedes-Benz China, the country’s leading luxury auto brand. The agreement – which follows extensive analysis and tests on AkzoNobel’s products and business processes – means the company has become a certified supplier of vehicle refinishes to more than 50 auto companies in China over the last 20 years.