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AkzoNobel, Mercedes-Benz extend partnership agreement in China and Indonesia

July 28/2021

MOSCOW (MRC) -- AkzoNobel has extended its partnership with Mercedes-Benz for another four years for works in China and Indonesia, said the company.

The deal was confirmed after extensive testing and analysis of the product assortments and services provided by AkzoNobels premium Sikkens brand. Were delighted to extend our successful partnership with one of the worlds most renowned automotive brands, says Patrick Bourguignon, Director of AkzoNobels Automotive and Specialty Coatings business. We believe that our class-leading Sikkens portfolio, digital color tools and services offering can add value to our partners after sales network and deliver the best possible support to its customers in China and Indonesia.

Under the terms of the agreement, Sikkens will continue to be the approved partner for paint repairs in China and the preferred paint partner in Indonesia for the next four years. As well as offering proven performance and a premium quality refinish system, AkzoNobel is a leader in the development of innovative digital color tools. The partnership means customers can benefit from MIXIT, a cloud-based color retrieval application which gives instant access to more than two million color formulas. In combination with the compact, hand-held Automatchic spectrophotometer, any paint job can be done quicker, more accurately and with less waste.

Customers can also benefit from AkzoNobels business services, including the Carbeat digital bodyshop workflow solution, which helps to increase production management efficiency and reduces cycle times. Meanwhile, for the Chinese market, the company recently introduced a range of new low VOC products.

The continuation of our partnership agreement shows great recognition for AkzoNobels dedicated vehicle refinish teams in the region, adds Baron Schreuder, Regional Commercial Director Asia for the companys Automotive and Vehicle Refinish business. Asia is an extremely important region for both parties and were proud to continue providing a first class service experience throughout China and Indonesia."

The four-year extension means AkzoNobel continues to be a Mercedes-Benz partner in 26 markets: Abu Dhabi, Austria, Bahrain, China, Costa Rica, Croatia, Denmark, France, Germany, Greece, Indonesia, Jordan, Kuwait, Lebanon, Morocco, the Netherlands, Oman, Poland, Russia, Saudi Arabia, South Africa, Spain, Sweden, United Arab Emirates, the US and Yemen.

As per MRC, AkzoNobel N.V. no longer intends to acquire Tikkurila following a higher competing offer from US paints and coatings producer PPG Industries. Akzo Nobel submitted a binding proposal to acquire Tikkurila for EUR31.25 per share on January 28, 2021, having conducted customary due diligence to confirm potential synergies. The company no longer intends to pursue this acquisition, following a competing, higher, offer for Tikkurila. Despite a strong cultural fit - and more synergies than any other combination with Tikkurila - the intended transaction no longer meets AkzoNobels criteria for superior value creation.

As per MRC, March production of polymers in primary form was 958,000 tonnes versus 861,000 tonnes in February. Overall output of polymers in primary form totalled 2,740,000 tonnes over the stated period, up by 8.5%  year on year. 151,000 tonnes of synthetic rubbers were produced in March, compared to 141,000 tonnes a month earlier. Overall, Russian plants produced about 447,000 tonnes of synthetic rubbers in January-March 2021, up by 10.2% year on year.
Author:Anna Larionova
Tags:ABS, PP, PS, car components, Akzo Nobel Functional Chemicals BV, Mercedes-Benz, Indonesia, China, Russia.
Category:General News
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