The high double-digit million euro
agreement is the basis for all future business relationships that exist between the two companies in many different areas, enabling much faster and easier collaboration.
Real-world performance data compiled from ships applied with AkzoNobel's International® brand Intersleek® 1100SR shows the coating has slashed ship fuel bills. The product is a biocide-free fouling control coating featuring patented slime-release technology that tackles micro-fouling on ships’ hulls.
In a report released by ResearchandMarkets, the PU coatings market was valued at $18.26 billion in 2022 and is anticipated to grow with a CAGR of 5.21% through 2028.
Dr. Max Preisenberger, who was previously responsible for finance and strategy in the Specialty Additives division, takes over from Sanjeev Taneja, who has retired.
The company announced that Angel informed the Board of Directors of his decision to retire from the PPG board, effective at the conclusion of the February 15, 2024 meeting.