Akzo Nobel CEO Says Company Getting `Back on Its Feet'

The video discusses the challenges faced by the industry due to high raw material costs and outlines strategies for recovery, including cost-saving measures and price increases. It addresses the impact of inflation on pricing strategies and the potential effects of a trade war on the global economy. The discussion also covers consumer confidence, investment trends, and plans for returning proceeds from a business sale to shareholders.

What was one of the main challenges faced by the industry last year?

• Technological disruptions

• High raw material costs

• Low demand for products

• Increased competition

How much did the company increase its selling prices for decorative paints?

• 7%

• 10%

• 5%

• 3%

What is a reason for the lower price increase in performance coatings?

• High competition

• Long-term contracts

• Technological issues

• Lack of demand

Why is the company not overly concerned about the trade war?

• Paint is a global product

• Paint is a local product

• They have no international operations

• They have strong government support

What is the company's main concern regarding the trade war?

• Loss of market share

• Increased production costs

• Overall economic confidence

• Direct impact on sales

What is the expected net amount from the sale of the specialty chemicals business?

• 5 billion

• 6.5 billion

• 7.5 billion

• 8 billion

What are the potential methods for returning proceeds to shareholders?

• Cash and share buyback

• Investment in new projects

• Expansion of operations

• Reduction of debt