AkzoNobel Specialty Chemicals Sales Increase 6%

China drying wire according to Reuters report second-quarter results released by Akzo Nobel, the company's second-quarter sales rose 8 percent to 4.41 billion euros; before interest, taxes, depreciation and amortization profit (EBITDA) grew by 8% Increase to 593 million euros. The growth was mainly due to the price adjustment measures and the exchange rate impacts in response to rising raw material costs. The company also announced that its global performance improvement plan is progressing well. In the second quarter, the company's decorative paint business achieved a 6% year-on-year increase in sales, and EBITDA fell by 8%. Sales of high-performance coatings increased by 12%, and EBITDA increased by 25%. Sales of professional chemicals business increased by 6%, and EBITDA increased by 16%.