Akzo Nobel Chemicals Inc., Polymer Chemicals, Increases Price of Armoslip.CHICAGO--(BUSINESS WIRE)--June 22, 1999-- Akzo Nobel Chemicals Inc., Polymer Chemicals, will increase some prices of its' Armoslip(R) slip agents, effective July 1, 1999. Less than truckload Less-Than-Truckload (LTL) shipping is the transportation of relatively small freight. The alternatives to LTL carriers are parcel carriers or full truckload carriers. Parcel carriers usually handle small packages and freight that can be broken down in to units less than 150 US prices for pellets and flake product forms, packaged in fiber drums, will increase by 20c. per pound or as contracts permit. Pricing for the bead product supplied from their recently acquired plant in Kyungju, Korea will not change. Akzo Nobel, based in Arnhem, The Netherlands, serves customers throughout the world with healthcare products, coatings, chemicals and fibers. The fibers business, now known as Acordis, will be demerged. The company currently employs approximately 86,000 people in more than 70 countries. Consolidated sales for 1998 totaled $ 13.8 billion (NLG NLG The ISO 4217 currency code for the Dutch Guilder. 27.5 billion / EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 12.5 billion / GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 8.4 billion). Financial results for the second quarter of 1999 will be announced on July 28. In North America approximately 10,000 people in more than 125 locations are employed by the company, which has U.S. headquarters in Chicago. Most of Akzo Nobel's global businesses are present in North America. There are 21 principal business units, each assigned to one of the four main areas of business - healthcare products, coatings, chemicals and fibers. The company has annual sales of approximately $3 billion. Akzo Nobel's American Depositary Receipts (ADRs) are traded on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on under the AKZOY symbol. |
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