Akzo Nobel expects industrial demand to be weak in 2020 - CEO

Akzo Nobel expects industrial demand to be weak in 2020 - CEO
Cans of Dulux paint, an Akzo Nobel brand, are seen on the shelves of a hardware store near Manchester, Britain, April 24, 2017. REUTERS/Phil Noble/Files -
Phil Noble(Reuters)
Euronews logo
Text size Aa Aa

AMSTERDAM (Reuters) – Dutch paints maker Akzo Nobel <AKZO.AS> expects demand for its coatings in industrial sectors to stay muted in 2020, it said on Wednesday.

“We expect the current weak demand trend in performance coatings will continue in 2020,” Chief Executive Thierry Vanlancker told reporters.

“Demand has been muted in most markets, that did not change in the last quarter and we don’t expect it to change.”

(Reporting by Bart Meijer; Editing by Clarence Fernandez)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.
Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.