AkzoNobel says it is on course to deliver 200m euros of EBITDA in 2012, as a result of the performance improvement programme launched in October last year.
About 40 per cent of the anticipated benefits will come from the supply chain and sourcing programmes, it said. A further 50 per cent will come from margin management, research and development initiatives, and business restructuring programmes.
The company which makes paints and coatings under the Dulux, Sikkens, International and Eka brands, has created 20 master plans with 100 detailed initiatives over three years.
Releasing its full year results for 2011, the company said the three-year plan, which is designed to improve performance and deliver 500m euros EBITDA in 2014, is already expected to deliver 200m euros EBITDA in 2012.
This implies higher restructuring costs for the coming year, it said. Restructuring activities continue in Decorative Paints in Europe and the US.