Akzo Nobel Strengthens its Position in Colombia.ARNHEM, Netherlands--(BUSINESS WIRE)--May 5, 1998--Akzo Nobel N.V. has acquired Interquim S.A. (Interamericana de Productos Quimicos S.A.), the Colombian market leader in industrial resins and adhesives. The company will be integrated into Akzo Nobel's business unit Industrial Products, which operates under the name Casco Products. Interquim is located in Medellin, where it has 110 employees. In 1997, annual sales were USD USD In currencies, this is the abbreviation for the U.S. Dollar. 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. 13.1 million. Akzo Nobel Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. Headquartered in Amsterdam, the Netherlands, the company has activities in more than 80 countries, and employs approximately 62,000 people. has bought 100% of the shares of Interquim from Enka de Colombia, a company partly owned by Akzo Nobel. Financial terms were not disclosed. "With this acquisition, Casco Products establishes its own production capability in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , in line with Akzo Nobel's strategy to expand its position in this market," says Lars-Erik Thomsgard, General Manager of Casco Products. "Interquim will be the bridgehead bridge·head n. 1. a. A fortified position from which troops defend the end of a bridge nearest the enemy. b. A forward position seized by advancing troops in enemy territory as a foothold for further advance. for further development in the field of industrial resins and wood adhesives in Colombia, Peru, and Ecuador." Casco Products conducts industrial operations on a global scale in the fields of impregnated im·preg·nate tr.v. im·preg·nat·ed, im·preg·nat·ing, im·preg·nates 1. To make pregnant; inseminate. 2. To fertilize (an ovum, for example). 3. papers, adhesives, and expandable microspheres. Adhesives operations are carried out in Europe, Asia, North America, with South America now added. Akzo Nobel, headquartered in the Netherlands, is a market-driven and technology-based company, serving customers throughout the world with healthcare products, coatings, chemicals, and fibers. The company employs 70,000 people and has activities in more than 60 countries. In 1997, consolidated sales aggregated NLG NLG The ISO 4217 currency code for the Dutch Guilder. 24.1 billion (USD 12 billion). -0- Note to editors: Contact information is not for publication. CONTACT: Akzo Nobel Ms. Anna Carlsson, tel. +31 26 366 19 56 |
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