Dutch paints and chemicals company AkzoNobel plans to double its revenues in Brazil by 2015, to 4bn reais (US$2.45bn), CEO Hans Wijers told Brazilian newspaper Valor Econфmico.

In 2010, the firm’s Brazilian subsidiary reported revenues of 2bn reais, the same as posted in 2009, according to the report.

Wijers said AkzoNobel is restructuring its Brazilian operations, introducing a new management structure, with a CEO and a single identity for all of the company’s ventures in the country.

“Brazilians don’t know about the AkzoNobel brand, and that is something we want to change,” said Wijers.

AkzoNobel plans to invest on average 120mn reais each year for the next five years in Brazil. If an acquisition opportunity arises, additional resources could be allocated to the country, the executive added.

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