Paints Coatings Companies

Paints Coatings Market

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  October 2023- Dutch multinational company AkzoNobel has been prohibited from acquiring Kansai Paints in three African markets for fear of creating a monopoly. A regional competition commission under the Common Market for Eastern and Southern Africa (COMESA), an economic community in Africa with 21 member states stretching from Tunisia to Eswatini, has halted the merger, saying the transaction would have created "significant market share accretion and reduced choice in the market for decorative coatings in Eswatini, Zambia and Zimbabwe." COMESA Competition Commission's Director and CEO, Dr. Willard Mwemba, said on September 4, 2023, that the merging parties are each other's closest competitors in terms of price and quality and that the remedies offered by AkzoNobel and Kansai Paints were not sufficient to address these concerns. AkzoNobel had earlier announced plans to bolster its business footprint in Africa through the acquisition of Kansai Paint's paints and coatings operations in the continent, subject to regulatory approvals.


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  October 2023- Dutch paints and coatings maker Akzo Nobel has set out a plan to save costs and improve supply chain efficiency after forecasting full-year core earnings towards the lower end of its previous forecast due to lower-than-expected volumes. The maker of Dulux and Flexa paints said it would make a 150 million euros (USD159 million) investment through 2024-2026 for its cost-saving "industrial transformation" plan, aiming for a 250 million euros benefit by 2027. Akzo has been recovering from a post-COVID slowdown last year, marked by rising raw material costs and destocking activity in its decorative do-it-yourself segment in Europe. The Amsterdam-based company said it now targeted around 1.45 billion in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2023, at the lower end of its previous guidance between 1.4 and 1.55 billion euros, citing volumes lower than expected.

The paints and coatings market major players such as AkzoNobel N.V. (Netherlands),  PPG Industries (U.S.), Jotun (Norway),  Nippon Paint Holdings Co. Ltd (Japan), The Sherwin-Williams Company (U.S.), RPM International INC (U.S.),  KANSAI PAINT CO. LTD (Japan), Axalta Coating Systems Ltd. (U.S.), BASE SE (Germany),  Solvay S.A. (Belgium),  Shalimar Paints (India), Indigo Paints Pvt. Ltd (India), Diamond Vogel (U.S.), Berger Paints India Limited (India),  Tiger Coatings GmbH & Co. Kg (Austria), Beckers Group (Maryland), Hempel A/S (Denmark), Kelly-Moore Paints (U.S.), and others