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AkzoNobel Packaging Coatings


We had a good year and ended 2008 on plan. We increased revenue and earnings, despite negative exchange rate effects, and achieved a robust performance largely due to cost management and sustained conditions in the markets we supply. We also saw the benefit of a number of synergies as a result of integrating the two companies, primarily in the areas of purchasing and sharing technology within Performance Coatings. Our continued focus on product and service innovation had an additional positive impact, enabling us to offer increased benefits for our customers and further improving sustainability throughout the whole supply chain.

Business overview

The year was characterized by strong underlying growth in the beer and beverage market, primarily in Europe and South America, and to a lesser extent in Asia. Some of the strongest growth in beer and beverage in recent years has been in Western Europe, underlined by the fact that our customers have aggressive investment plans for the EMEA region, where they are installing new beverage lines. However, 25 percent of our business is in the emerging markets and it’s here where many of the big growth opportunities lie. Food can use was relatively stable in 2008, with growth again coming in the emerging markets. Most of the pressure we faced came from the weak US dollar and some sales slowdown in the US, but our businesses remained as profitable in terms of ratios.

Operational performance

We continued to maintain a strong focus on operational performance through our business excellence process. Externally we concentrate on customer service leadership, while internally the emphasis is on product quality and cost management. The success of our efforts is reflected in the continued confidence that our customers show in us and the number of supplier awards we received during 2008.

Conrad Keijzer, Managing Director Packaging Coatings (photo)

Conrad Keijzer
Managing Director Packaging Coatings

Revenue
In € millions

Revenue – Packaging Coatings (bar chart)
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