Industrial Minerals


AkzoNobel posts lower Q3 profit on high input costs

20 October 2011

by Siobhan Lismore

Global leader in paints says will need to “take action” to combat economic downturn

Keywords: AkzoNobel, Q3, paints, TiO2

Paints producer AkzoNobel said in its third quarter results that it posted an increase of 5% in revenue, driven by price increases, but that profit was down 12% year on year.

The decrease in profits, the world’s number one paints producer said, was due to an...