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Dutch-based AkzoNobel management to be brought together in new AkzoNobel Center in 2015

AMSTERDAM, THE NETHERLANDS--(Marketwired - May 21, 2013) - AkzoNobel intends to concentrate its Dutch-based management personnel in a new office building in the Zuidas business district of Amsterdam from the end of 2015.

The move will bring the majority of corporate and business management and their supporting staff in the Netherlands together at a single location, promoting cross-company collaboration. Currently, head office and Dutch-based business unit management and their supporting staff are spread across four office locations.

The new building will enable a rationalization of AkzoNobel's office footprint, leading to clear cost savings. Following the relocation, the company will no longer have offices in Amersfoort and Hoofddorp. The relocation will have no direct consequences in terms of employment opportunities and employees have been informed about the plans.

When the company's headquarters moved from Arnhem to Amsterdam in 2007, AkzoNobel signed a contract to become the tenant of a new building to replace the current temporary office space on the Zuidas.

The construction of the new AkzoNobel Center, which is being built by Dura Vermeer and will be owned by the German Union Investment Group, has now started and is expected to take two-and-a-half years.

Approximately 700 employees will work from the new Center, which will be designed according to the latest sustainability norms and office layout principles.

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AkzoNobel is a leading global paints and coatings company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well-known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 50,000 people around the world are committed to excellence and delivering Tomorrow's Answers Today™.

Pdf file AkzoNobel press release: http://hugin.info/130660/R/1703436/563056.pdf

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Source: Akzo Nobel NV via Thomson Reuters ONE [HUG#1703436]