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Rising competition reason behind Akzo Nobel sell call
Financial Express Kochi
|June 28, 2025
Rivals such as Birla Opus have disrupted market
Heightened competition and flat growth in decorative paints possibly contributed to Akzo Nobel's decision to exit India after 70 years, analysts tracking the company said. On Friday, JSW Paints announced that it was picking up Akzo Nobel's nearly 75% stake in Akzo Nobel India, the country's fourth-largest paint maker, for close to ₹9,000 crore. The announcement came nine months after the Dutch parent had begun a strategic review of its India business. The company, best known for its Dulux brand of paints, goes with the tagline 'Let's colour'.
Esta historia es de la edición June 28, 2025 de Financial Express Kochi.
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