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INDUSTRY NEWS


INVESTMENT AT THERMASET AS PRODUCTION DOUBLES


One of the UK’s best known independent formulators and


manufacturers of powder coatings,


Thermaset Limited, has doubled its


production capacity and has plans to


invest three quarters of a million pounds in plant and


production machinery during 2014.


Financial Director Gill McElhannan commented: “We are celebrating 30 years in business this year and this marks a key period in our history where we have seen production double over the last few years, enabling us to recruit more staff and expand even further by developing our Tamworth site for the future to enhance our service.


“We are known in the powder coating sector for our stability and reliability and for having one of the country’s biggest ranges of stock powders available for next day delivery across the UK.


“The market continues to be challenging but we feel confident and optimistic about Thermaset’s continued success and growth. Now that we have considerably expanded our production capacity we are looking further to widen our customer base. Going forward into next year we are already looking to supply many well known brands such as Next, Tesco, Footlocker, M&S. Our 30th anniversary is shaping up to be another record breaking year.”


Thermaset supplies powder coatings direct and through a network of approved trade coaters to a wide range of customers including automotive


Thermaset Financial Director, Gill McElhannan


manufacturers, architects, furniture and household goods, garden equipment suppliers, sports equipment and many more. The company also offers a bespoke colour matching service.


www.thermaset.co.uk


Chief Financial Officer Keith Nichols to step down at the end of June


The Supervisory Board of AkzoNobel N.V.


today announced that Keith Nichols, Chief


Financial Officer and member of the Board of Management, has


decided to step down at the end of June after eight highly successful years with the company.


Keith will remain Chief Financial Officer and retain his position on the Board until June 30, 2014. An international search for Keith’s successor is being undertaken and an appointment will be made in due course.


Chief Executive Officer Ton Büchner: “We thank Keith for his dedication and commitment to AkzoNobel over the past eight years. He has played a major role in the transformation of the company’s portfolio, most notably in the exit of our Pharmaceutical business and, since becoming CFO in 2008, has made an outstanding contribution in driving financial discipline and functional excellence across the company. We will miss Keith’s valuable and insightful input as well as his hard work and I know that I speak on behalf of all my colleagues in wishing him well for the future.”


10 SURFACE WORLD February 2014


Keith Nichols commented: “Making a decision like this is never easy but I leave the company well placed to deliver its 2015 financial targets. I would like to thank my colleagues throughout the company and wish them all the very best for the future.”


Karel Vuursteen, Chairman of the Supervisory Board, said: “On behalf of all my Supervisory Board colleagues, I would like to thank Keith for the significant contribution he has made to the company and wish him every success in his new endeavours.”


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