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AkzoNobel to Expand Middle East Operations

December 10, 2012
KEYWORDS joint venture
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AkzoNobel recently announced an expanded joint venture agreement with the Yusuf Bin Ahmed Kanoo group of companies. Under the terms of the expanded agreement, AkzoNobel will offer products from across its Performance Coatings portfolio.

“We are very pleased to build on our long-standing relationship with the Kanoo family by signing this agreement,” said Leif Darner, AkzoNobel Executive Committee member responsible for Performance Coatings. “It will give us a firm foothold in the Middle East and a solid platform from which to deliver on our ambitious growth strategy in the region. We see many opportunities for our products and services to supply the construction, oil and gas, and transportation sectors in the Middle East, and this deal will ensure that we are better-placed to serve our customers.”

“Our relationship with AkzoNobel goes back over 30 years and we look forward to supporting the company in its ambition to be a leading supplier of performance coatings in both the UAE and Saudi Arabia,” said Mishal Kanoo, deputy chairman for Kanoo in the UAE and Oman.

For additional information, visit www.akzonobel.com.

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