Welcome to our dedicated page for Akzo Nobel N V news (Ticker: AKZOY), a resource for investors and traders seeking the latest updates and insights on Akzo Nobel N V stock.
Akzo Nobel N.V. (AKZOY) delivers essential updates for stakeholders tracking this global leader in sustainable paints and coatings. This dedicated news hub provides timely access to corporate developments, financial announcements, and technological breakthroughs across industrial, aerospace, and architectural markets.
Investors and industry professionals will find curated coverage of earnings reports, product innovations like the Aerofleet Coatings Management system, and sustainability initiatives supporting LEED-certified projects. The page aggregates announcements on strategic expansions, including AkzoNobel's advanced manufacturing facilities in Ohio and North Carolina R&D centers driving data-driven production improvements.
Regular updates feature collaborations with industry leaders such as Southwest Airlines® and contributions to iconic structures including the Brooklyn Bridge. Discover how AkzoNobel's brands like Dulux and Sikkens maintain market leadership through events coverage from METALCON and SEMA Show, highlighting products such as CERAM-A-STAR® coatings and digital color-matching tools.
Bookmark this page for reliable updates on AkzoNobel's progress toward science-based sustainability targets and its role in advancing eco-efficient coating solutions worldwide.
AkzoNobel (AKZOY) has introduced the Aerofleet Coatings Management system, enabling airlines to optimize paint maintenance schedules for their fleets. This digital management system helps determine repaint needs based on actual coating condition rather than fixed schedules, potentially reducing costs and increasing aircraft availability by up to a year. The service collects data from manual and drone inspections, creating detailed aircraft histories, including coating types and flight path data. It aims to decrease repainting frequency, benefiting airline finances and minimizing waste. The launch is part of a broader initiative under AkzoNobel Aerospace Business Solutions.
On January 25, 2023, AkzoNobel (AKZA; AKZOY) announced a significant milestone in its sustainability journey, achieving 100% renewable electricity across all its North American sites. This step is part of its ambition to cut carbon emissions by 50% by 2030, aligning with the Paris Agreement. The company, the first in its sector to set science-based sustainability targets, has had its goals validated by the Science Based Targets initiative. Notable strategies include enhancing energy efficiency and expanding solar power usage. AkzoNobel aims to reduce emissions throughout its entire value chain, benefiting operations and partners alike.
AkzoNobel North America announced the successful first year of operation of its solar farm at the Garcia, Mexico facility. The solar project, completed in July 2021, has reduced dependence on fossil fuels by 83% and is expected to cut carbon emissions by 414 tons annually. The installation consists of 1,656 solar panels covering 54,000 sqft, projected to save $110,000 in energy costs per year. AkzoNobel aims to achieve 100% renewable energy across all sites by 2030, having already reached this goal at 44 locations worldwide.
AkzoNobel (AKZOY) has completed a €300 million share buyback, repurchasing 3,361,162 ordinary shares at an average price of €89.25 per share. The final repurchase occurred between April 12-16, 2021, totaling €19.05 million. These shares will be cancelled to enhance shareholder value. Additionally, the company plans to initiate a €1 billion share buyback set for completion by Q1 2022. This action is within the guidelines established by the Annual General Meeting and complies with the Market Abuse Regulation.
AkzoNobel (AKZOY) has initiated a share buyback program, repurchasing 117,771 common shares between March 29 and April 1, 2021, at an average price of €95.82, totaling €11.28 million. This is part of a broader program valued at €300 million that commenced on October 21, 2020, with 3,082,812 shares repurchased so far for €272.41 million. The company plans to cancel the repurchased shares and will continue to update the market regularly during this process.
AkzoNobel (AKZOY) repurchased 230,800 shares from March 22 to March 26, 2021, at an average price of €94.63, totaling €21.84 million. This is part of a €300 million share buyback program announced on October 21, 2020, with 2,965,041 shares repurchased so far for €261.13 million. The program aims to enhance shareholder value and is expected to be completed in the first half of 2021, with shares planned for cancellation. The buyback complies with regulatory guidelines and will have ongoing updates provided to the market.
