May 9, 2012
AkzoNobel has reached an agreement to supply coatings for the roof of Brazil's famous Maracanã Stadium - which will host a major soccer final in 2014. The contract was secured via a dedicated team which offers complete coatings solutions for large infrastructure projects around the world.
In addition, AkzoNobel has also secured a contract to paint the mezzanine of the Grêmio Arena located in Porto Alegre. Financial details of the two contracts were not disclosed.
"As a global coatings supplier with a product portfolio broad enough to match the needs of almost any customer, we are positioned to satisfy demanding requirements and specifications," said Jaap de Jong, of AkzoNobel Brazil. "Brazil is one of our key high growth markets and has a pivotal role to play in our strategic agenda. AkzoNobel is therefore fully focused on capturing the opportunities offered by Brazil's prominent place in the sporting spotlight in the years to come."
The Maracanã Stadium contract involves the supply of Interseal 670HS protective coatings, while both Interseal 670HS and Interfine 979 will be used at the Grêmio Arena. Both are supplied by AkzoNobel's Marine and Protective Coatings business.
Added Jaap de Jong: "This success is encouraging. We believe that there are many additional sporting-related opportunities to capture and are confident that our solutions approach will continue to build strong customer relations that underline the value that our paints and coatings portfolio has to offer."
Delivering paints and coatings to high profile sport stadiums is nothing new to AkzoNobel. Many of the venues in the 2008 Beijing Olympics and 2010 World Cup in South Africa - such as the Bird's Nest, the Water Cube, the Nelson Mandela Bay Stadium and Soccer City in Johannesburg - were coated using AkzoNobel products.
AkzoNobel currently employs over 2,800 people in Brazil, and its 2011 revenue totaled €950 million. The majority of revenue is generated from local production. The company's ambition is to achieve revenue of €1.5 billion in Brazil by 2015.
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AkzoNobel is the largest global paint and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow's Answers Today(TM).
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Source: Akzo Nobel NV via Thomson Reuters ONE
