Hangzhou Harmony Chemical Co.,Ltd
sustainable development
AkzoNobel Agrees JV deal in Oman to Boost Middle East Presence
AkzoNobel has expanded its presence in the Middle East after acquiring a 50 percent stake and management control of Sadolin Paints Oman SAOC, which employs around 150 people.

The company has signed a joint venture agreement with Omar Zawawi Establishment LLC (promoter and shareholder of Sadolin Paints) which involves the manufacture and sale of decorative paints and performance coatings in Oman. Financial details were not disclosed.

"This agreement forms part of AkzoNobel’s growths plans for the Middle East," said Conrad Keijzer, the company's Executive Committee member responsible for Performance Coatings. "Bringing our decorative paints and performance coatings expertise under one roof in Oman will provide a strong platform to support our customers in this increasingly important market."

Added Peter Tomlinson, Managing Director of AkzoNobel in the Middle East, who is based at the company's regional head office in Dubai: "With governments investing more into construction, local production is becoming increasingly important. Our paints and coatings activities in Oman will now be well placed to effectively supply customers in the construction, transportation and oil and gas sectors."

Chairman of the Omzest Group, Dr. Omar Zawawi, commented: "We are delighted with this agreement, which enhances Sadolin Paints' profile in the market and provides access to leading edge technology. It also creates an organization which will offer key benefits to all stakeholders, including employees. In addition, it will open up new markets which could not have been developed by Sadolin as an independent company. We are therefore very pleased to have become part of AkzoNobel."

He added that the Omzest Group will remain a significant shareholder and will appoint three members to the joint venture's Board of Management. AkzoNobel will also make investments to support the enlarged business portfolio across the Middle East region while leveraging Sadolin's existing reputation and network.
Related News
  • Two More Elements Affects China Tio2 Price

    Two More Elements Affects China Tio2 Price

    September 6, 2017Believe most of the importers for China Tio2 have felt the price-up tendency with past continuous months. It is getting harder to have new order with much more lower price any more from first level Ch...view
  • Increased interest in World Titanium Resources

    Increased interest in World Titanium Resources

    September 6, 2017Mineral Deposits Limited (“MDL”) advises that it has increased its interest in World Titanium Resources Limited (“WTR”) from 15.0% to 19.1% through the subscription of 18.0 million shares at 13 ce...view
  • China suppliers announces titanium doxide price increase

    China suppliers announces titanium doxide price increase

    September 6, 2017Due to the raw material price of titanium dioxide still keep in rising, and China government pressure on environmental protection after China new year. China titanium dioxide suppliers make a new pri...view
  • TiO2 Trend in Year 2017

    TiO2 Trend in Year 2017

    September 6, 2017Recently, the relevant state agencies announced the 2016 titanium dioxide production. According to the National Chemical Industry Productivity Promotion Center Titanium Dioxide Center and the titanium...view
  • China tio2 suppliers make a new price increasing after China  Lunar New Year

    China tio2 suppliers make a new price increasing after China Lunar New Year

    February 19, 2019Following VENATOR price increasing letterreleased on January 31st,2019, China tio2 market price increase $100/mt after China Lunar New Year,.It's estimated that tio2 trends will be still warm in the c...view
  • DuPont says Vergnano will run titanium dioxide spinoff

    DuPont says Vergnano will run titanium dioxide spinoff

    September 6, 2017DuPont said on Thursday that Mark Vergano, a 26-year veteran, will become chief EXECutive of the chemical conglomerate's titanium dioxide business when it is spun off next year. Vergnano will oversee the new company and ...view
  • TEL:+86-0571-56189835
  • FAX:+86-0571-87247555
  • EMAIL:sales@chinaharmony.cn
  • ADDRESS:31 Floor,Sunon Central Mansion, No.200 Civilian Street, Qianjiang CBD, Hangzhou, Zhejiang, China