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Article: AkzoNobel takes control of two joint ventures.(Business & Industry)
- Article from:
- JCT CoatingsTech
- Article date:
- February 1, 2009
CopyrightCOPYRIGHT 2009 Federation of Societies for Coatings Technology. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AkzoNobel, Amsterdam, The Netherlands, has acquired Nippon Paint's 25% minority share in the companies' joint venture, Akzo Nobel Nippon Paint Holding B.V. The company and its subsidiaries will be folded into the AkzoNobel group.
The former 75/25 joint, venture, which was established in 1993 between Courtaulds and Nippon Paint, manufactures and sells coil coatings in the greater European region.
In addition, ...