Akzo Nobel Considers Sale of Powder Coatings Business to Parent Firm
ECONOMY & POLICY

Akzo Nobel Considers Sale of Powder Coatings Business to Parent Firm

Paints and coatings manufacturer Akzo Nobel India Ltd announced that its board has approved exploring the sale of its powder coatings business and R&D operations to an indirect subsidiary of its parent company, Akzo Nobel NV.

Following a request from Akzo Nobel NV (ANNV), the board of Akzo Nobel India Ltd will begin evaluating and taking initial steps towards the potential sale of the powder coatings division and its international research centre to a wholly-owned subsidiary of ANNV, according to a regulatory filing.

Additionally, Akzo Nobel India is considering acquiring decorative paints intellectual properties from ANNV.

"The board has authorised management to begin necessary steps to explore and evaluate these potential transactions," the filing stated. The transactions will be subject to further deliberation by the board in line with applicable laws.

Akzo Nobel India operates in various sectors of the paints and coatings industry, including decorative paints, automotive coatings, industrial coatings, marine, and protective coatings, as well as powder coatings.

Paints and coatings manufacturer Akzo Nobel India Ltd announced that its board has approved exploring the sale of its powder coatings business and R&D operations to an indirect subsidiary of its parent company, Akzo Nobel NV. Following a request from Akzo Nobel NV (ANNV), the board of Akzo Nobel India Ltd will begin evaluating and taking initial steps towards the potential sale of the powder coatings division and its international research centre to a wholly-owned subsidiary of ANNV, according to a regulatory filing. Additionally, Akzo Nobel India is considering acquiring decorative paints intellectual properties from ANNV. The board has authorised management to begin necessary steps to explore and evaluate these potential transactions, the filing stated. The transactions will be subject to further deliberation by the board in line with applicable laws. Akzo Nobel India operates in various sectors of the paints and coatings industry, including decorative paints, automotive coatings, industrial coatings, marine, and protective coatings, as well as powder coatings.

Next Story
Infrastructure Urban

Thanjavur to Turn Garbage Dump into Eco-Park Under CITIIS 2.0

The Thanjavur City Corporation plans to convert its 28-acre garbage dump at the Chekkadi compost yard into an eco-park under the CITIIS 2.0 programme by the Union Ministry of Housing and Urban Affairs. The project involves bio-capping around 2 lakh cubic metres of legacy waste at an estimated cost of $3.6 million. This will include leveling mounds, adding soil layers, and installing systems to prevent groundwater contamination. A Waste Processing Facility (WPF) worth $2.4–$3.6 million will also be established to handle non-biodegradable waste. Additionally, 12 existing and six proposed mic..

Next Story
Infrastructure Transport

Ceigall India Secures $111 Million Contract for Ludhiana Bypass

Infrastructure company Ceigall India Ltd has secured a significant contract from the National Highways Authority of India (NHAI) for the development of a six-lane greenfield southern Ludhiana bypass. The company received the Letter of Award (LOA) on March 13, 2025, according to a stock exchange filing. The project, part of the Ludhiana-Ajmer Economic Corridor, involves developing a 25.24 km stretch from NH44 near Village Rajgarh to the Delhi-Katra Expressway (NE 5) near Village Ballowal. Awarded under the Hybrid Annuity Mode (HAM), the project's estimated cost is approximately $104 million, ..

Next Story
Infrastructure Transport

J&K Plans New Srinagar-Pahalgam Road to Boost Tourism

The Jammu & Kashmir Public Works (R&B) Department has announced plans to construct an alternative road from Srinagar to Pahalgam via Khrew, Wahab Sahib, Syedabad (Pastuna), Karmula Tral, and Lehndajan. The new route is expected to reduce the travel distance between Srinagar and Pahalgam by approximately 30 kilometers, enhancing connectivity and promoting tourism in the lesser-explored upper regions of Tral. The project was discussed in response to a Starred Assembly Question raised by MLA Pampore, retired Justice Hasnain Masoodi. The Minister Incharge highlighted that the initiative would boo..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?