Akzo Nobel, the parent company for Sadolin Paint, has announced global financial results for 2020 indicating strong growth despite the COVID-19 pandemic. Among other positives, the company recorded a significant net cash increase of €1,220 million mainly coming from operating activities and €243 million of cost savings, of which €115 million structural savings. The company also noted acquisitions of Titan Paints in Spain announced and New Nautical Coatings completed in the fourth quarter of 2020 among the highlights of what has been a tough year for many. AkzoNobel CEO, Thierry Vanlancker, commented: “Our 2020 results demonstrate structural performance improvement from…
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