To use all functions of this page, please activate cookies in your browser.
With an accout for my.chemeurope.com you can always see everything at a glance – and you can configure your own website and individual newsletter.
- My watch list
- My saved searches
- My saved topics
- My newsletter
AkzoNobel completes demerger of Pakistan activities
19-06-2012: AkzoNobel has completed the restructuring of its activities in Pakistan by formally establishing AkzoNobel Pakistan Limited as a separate legal entity from ICI Pakistan. The split means that the company has started the formal sale process to divest its 75.81% shareholding in ICI Pakistan.
The new AkzoNobel Pakistan Limited business is focused on three core areas - Decorative Paints, Performance Coatings and Specialty Chemicals. An appropriate management and organizational structure is currently being finalized, with Jehanzeb Khan having been appointed as its CEO.
"Pakistan offers clear opportunities for the future and we are committed to realizing our growth ambitions through these more strategically focused activities," explained Leif Darner, AkzoNobel's Executive Committee member responsible for the Middle East. "ICI Pakistan remains an attractive proposition with a number of strong businesses and we are confident that we will find a new owner better suited to achieving their obvious potential."
The coatings activities of ICI Pakistan were transferred to the newly-formed AkzoNobel Pakistan Limited through a legal process of demerger. ICI Pakistan's business now comprises polyester fiber, soda ash, life sciences and chemicals.
Contact / Request information
Request further information free of charge:
This is where you can add this news to your personal favourites
- 1Drew Industrial Division of Ashland Specialty Chemical Company purchases industrial water-treatment business of London-based Fernox
- 2Fluor Corporation's Henry Kister Honored by Chemical Engineering Magazine
- 3LG-DOW Polycarbonate Plant Starts Production in Korea to Effectively Meet Regional Needs
- 4Plurafac LF 303 - Plurafac LF 305: The new generation of low-foam surfactants
- 5Knoll AG: Pharma business sold for $6.9 billion:
- 6Caflon® surfactants from Univar as substitutes for banned nonylphenol ethoxylates
- 7Baytron P®– Gateway to a new generation of polymers
- 8Largest and most efficient BOPP line for Africa
- 9Thermo Nicolet: New OMNIC® 6.0 Software Introduced
- 10Allegra® Launched in Japan