/INS.  Akzo Nobel India, a paint manufacturing company, reported a positive trend in the paints and coatings industry during fiscal 2022-23, driven by a decline in raw material prices from previous highs. In its latest annual report, the company projected that the paints and coatings industry in the country is set to reach Rs. one lakh-crore in the next five years, with the current size estimated at around Rs. 62,000 crore.

AkzoNobel has become the global refinish partner for new energy vehicle manufacturer BYD Auto Sales Company Ltd. – currently the world’s leading seller of electric vehicles.

AkzoNobel’s commitment to setting science-based sustainability targets has now been officially validated by the Science Based Targets initiative (SBTi) – confirming its status as the first paints and coatings company to receive this endorsement.

(AKZA; AKZOY) Innovative film technology that allows automotive manufacturers to hide radar sensors behind decorative metallic parts has been developed by AkzoNobel. The radar-transparent bright film – perfected by working together with customers – means vehicle makers no longer have to worry about hiding sensors behind solid metal, which can block the signals of safety features such as anti-collision warnings.

A future where food packaging is more sustainable – and no longer contains aluminum – has moved a step closer, thanks to a major breakthrough in ongoing research involving AkzoNobel.