When and when not to centralise treasury: AkzoNobel
In part by transforming its treasury operations, AkzoNobel remains one of the world’s largest paint companies by revenue.
Huge demand for paint in Vietnam, India, and Indonesia has helped offset waning trade in Europe. In order to maintain strong financial numbers, Dutch multinational AkzoNobel has been cutting down on operations – selling its North American paints division in 2012 to PPG, for example – and focusing on higher-growth markets. This seems to be doing the trick. In terms of revenue, AkzoNobel holds the number one spot in Southeast Asia and the Pacific, and number two in China and north Asia.
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