Akzo Nobel to divest PUR adhesives business.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 announced its intention to divest the company's industrial polyurethane (PUR) adhesives and system business to Sika Group. At press time, Akzo Nobel said it expected the transaction to be concluded on April 1. The PUR business, which is part of Casco A/S, based in Fredensborg, Denmark, has a leading position within sandwich panel bonding systems for truck trailers and building facade panels, as well as bonding systems for wind turbine blade production. The business had sales of 17 million [euro] in 2003. "The PUR adhesives business has a peripheral relationship with our coatings businesses and no longer fits within our portfolio from a strategic perspective," said Rudy van der Meer Van der Meer is a Dutch surname that simply means the phrase 'from the lake' in English. Many years ago, descendants would have lived from a lake in the Netherlands which is how the name first originated. , member of Akzo Nobel's board of management responsible for coatings. "We have therefore decided to find an owner who has a clear focus on growing the business and this divestment should open up new opportunities in the market." ICI (language) ICI - An extensible, interpretated language by Tim Long with syntax similar to C. ICI adds high-level garbage-collected associative data structures, exception handling, sets, regular expressions, and dynamic arrays. PAINTS TEAMS WITH U.S. HISPANIC CONTRACTORS ASSOCIATION TO CREATE JOBS, SPUR GROWTH ICI Paints and the U.S. Hispanic Contractors Association (USHCA) entered into an agreement to help both organizations explore ways to expand their business opportunities and encourage economic growth. Representatives from both organizations signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. to formalize the agreement on Capital Hill during a ceremony witnesses by Ruben Barrales Ruben Barrales was Deputy Assistant to the President of the United States and Director, Office of Intergovernmental Affairs. Note 1: Note 2: Note 7: Family , deputy assistant to President George Bush and director of inter-governmental affairs, as well as members of Congress. ICI Paints, through its "Why ICI Paints" business proposition, offers members of the USHCA programs to build their businesses, grow margins, drive out costs and reduce risks. Specific programs include credit services, small business development strategies, leveraged buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. and state-of-the-art painting solutions, all tailored to better serve Hispanic business Hispanic Business, Inc. is a media company based in Santa Barbara, California, in the United States of America. Founded by Jesús Chavarría in 1979, Hispanic Business, Inc. publishes information for and about Hispanic professionals and entrepreneurs. . In turn, the relationship with USHCA will give ICI Paints a preferred position among contractors who make nearly $500 million in paint purchases annually. |
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