AkzoNobel intends to introduce a streamlined management structure and new operating model for its Decorative Paints business in hopes of accelerating growth in Europe and high-growth markets.
PPG Industries plans to invest $60 million in a new manufacturing facility and commercial operation for its coatings businesses in the Lipetsk region of Russia.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in capturing the highest compound annual growth rate for the past three years.
At the announcement of its second-quarter results in July, AkzoNobel announced that it had identified further efficiency and cost saving measures that would require €120 million of restructuring charges in the second half of 2013.