Akzo Nobel, Arnhem, the Netherlands, has announced strategic plans designed to accelerate profitable growth and drive the company's ongoing commitment to establishing leadership positions in key coatings and chemicals markets around the world. Speaking to investors, analysts and the media at the company's Fit for the Future conference in London on October 19th, CEO Hans Wijers unveiled the company's growth strategy and new targets for the next three years.

"We have developed a comprehensive, highly focused strategy for our Coatings/Chemicals activities, which will launch Akzo Nobel into an exciting new era," said Wijers. "We have successfully turned around a number of underperforming businesses and implemented several highly successful restructuring programs, and the company is now ready to accelerate growth across the portfolio."

Commenting on the company's growth strategy, Wijers said that having created room to maneuver, Akzo Nobel can now take full advantage, with innovations, acquisitions and Greenfield investments being three of the key drivers for top-line growth.

"Organic growth, such as various expansions in China, and acquisitions, including the recent Coatings deals involving Sico and Flood, are the backbone of our expansion strategy and are helping to create strong, profitable businesses," continued Wijers. "We already hold a number of leading positions, and implementation of our highly focused strategy should enable us to make further investments and deliver on our growth ambitions. We are committed to developing all areas of our portfolio, as well as investing more in innovation and enhancing our customer focus."