Up and Up: AkzoNobel Q1 results beat analyst expectations; reports organic sales growth and improved operating income
Toronto, Ontario — AkzoNobel reported its Q1 2024 financial results yesterday, beating analyst Q1 expectations with a 19 percent increase in first-quarter core profits. Adjusted EBITDA for Q1 2024 was €363 million, versus €305 million a year ago. Revenue was €2,640 for Q1 2024, compared to €2,657 a year ago, reporting a two percent increase […]
Driving Digital: Introducing AkzoNobel’s, digital Refinish+ coming to North America soon
Nashville, Tennessee — AkzoNobel has introduced Refinish+, a new digital platform designed to transform vehicle finishing businesses. Launched on Thursday, March 7 in Nashville, Tennessee, this tool aims to streamline operations, enhance efficiency, and boost profitability for body shops. To do this, Refinish+ aims to provide seamless access to AkzoNobel’s suite of digital tools, including […]
A Paint Pair-Up: Advance Auto Parts and Carquest Auto Parts now carry AkzoNobel’s Modern Classikk paint line
Toronto, Ontario — AkzoNobel has announced that its Modern Classikk paint line by Kindig is now available for purchase at select Advance Auto Parts and Carquest Auto Parts stores. Currently, nearly 400 Advance and Carquest stores currently offer the paint line, with more locations set to be added in the near future. The Modern Classikk […]
Sticking Together: AkzoNobel launches new multi-substrate primer for plastic automotive exteriors
Toronto, Ontario — AkzoNobel has announced the launch of a new 2K solvent-borne primer for OEM exterior plastic parts to aid in the adhesion challenges for customers. The solvent-borne primer comes in conductive and dark grey, and is designed so that there is no need to switch products in production, thereby reducing complexity and increasing […]
Tuesday Ticker: PPG, Axalta, AkzoNobel report Q4 and full-year 2023 results
Toronto, Ontario — This weekly Tuesday Ticker is focused on coatings performance for Q4 and full-year 2023. Check out earnings and reports from PPG, Axalta and AkzoNobel in this week’s feature. PPG marks more records PPG reported record fourth-quarter sales for 2023, with net sales of $4.4 billion, up four percent year-over-year. For the full […]
On Proud Display: AkzoNobel hosts Open House at Toronto-area offices; demonstrations of brand-new automated paint dosing machine
Toronto, Ontario — Collision Repair magazine representatives recently had the opportunity to participate in an exciting Open House event at the AkzoNobel Ontario headquarters in Etobicoke, Ontario. The event showcased the latest innovations and developments in the collision repair industry. One of the highlights of the event was the demonstration of an Automated Dosing Machine, […]
Shuffling the Board: Jolanda Poots-Bijl to step down from AkzoNobel’s Supervisory Board
Toronto, Ontario – Jolanda Poots-Bijl has announced her decision to step down from AkzoNobel’s Supervisory Board, effective January 31. The decision follows her recent appointment as CFO of Ahold Delhaize, limiting her availability for her current Supervisory Board role. Ben Noteboom, Chair of AkzoNobel’s Supervisory Board, expressed appreciation for Poots-Bijls contributions, saying: “We thank Jolanda […]
Environmental Exploration: AkzoNobel partners for carbon footprint reduction initiative in vehicle repair at 24 hour sustainability event
Amsterdam, Netherlands — Following a two day 24-hour challenge event in Amsterdam, Netherlands, which concluded November 22, AkzoNobel partners have developed sustainability initiatives for future carbon reduction goals. Partners who attended the two day event included representatives from Allianz, Arval, Boekhorst Autoschade, centro Zaragoza, Den Elzen Autoschade, Europcar Mobility Group, Grupo Velasco, Toyota and the […]
A Bolstered Blend: Solera reports that changes to blend refinish threshold are fully implemented
Toronto, Ontario — In a recent announcement, Audatex/Solera has reported that changes to its blend refinish threshold are fully implemented. According to a recent announcement, Audatex/Solera has successfully implemented its shift away from previously defaulted blend refinish formulas within its estimating system, with the aim of giving repairers more flexibility on labour hours charged. While […]
Coating Cures: AkzoNobel launches pioneering low-energy powder coating
Toronto, Ontario — An industry-first architectural powder coating that can be cured at temperatures as low as 150 Celsius has been launched by AkzoNobel. According to a recent press release, the product—called Interpon D1036 Low-E—is a Qualicoat class one certified product that aims to help the automotive industry cut energy consumption by as much as […]
