Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackAkzoNobel, is a Dutch multinational company which creates paints and performance coatings for both industry and consumers worldwide.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackThe company has a representative office and three offices in Russia. The company business in Russia represented about 2% of the company revenue.
The company stopped the supply of protective coatings for the aerospace industry due to the imposed sanctions and stopped investments. The company continues to supply goods to households. Paint giant AkzoNobel paid millions of euros in corporate tax to the Kremlin.