At chemical maker Nouryon, the transformation begins

CEN | September 23, 2019

Nouryon and AkzoNobel still cohabit the same AkzoNobel-branded building. Former colleagues from both companies continue to eat in a shared canteen and take coffee together in the ground-floor, open-plan art gallery. Go beyond the electronic entry doors on floors occupied by Nouryon, though, and change is in the air. Nouryon has an eye on acquisitions worth $1 billion or even more. CEO Charles W. Shaver is also looking to sell some of Nouryon’s commodity businesses as part of a new approach to drive up profits and sales by 4–5% annually. The slowing global economy means that achieving such targets will not be a cakewalk. In a hint of what may lie ahead, the Royal Association of the Dutch Chemical Industry (VNCI) says it expects chemical production in the Netherlands—where Nouryon has a major presence—to be flat in 2019, with only a small increase in 2020.

Spotlight

The fall in carbon emissions from energy use was equally striking,
with emissions falling by over 6% in 2020 – again, the largest decline
since 1945. Although unmatched in modern peacetime.

Spotlight

The fall in carbon emissions from energy use was equally striking,
with emissions falling by over 6% in 2020 – again, the largest decline
since 1945. Although unmatched in modern peacetime.

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