Powder Coatings

Full-year revenue was up 4 percent on the previous year, due to strong volumes offsetting adverse currencies, with all regions contributing. Volumes for the automotive industry grew, driven by high new vehicle production in Asia. Sales to architectural manufacturers faced softer market conditions, mostly in residential, as a result of slower markets in China.

Q4 revenue was up 4 percent on the previous year, due to price and mix and favorable currencies. Volumes were lower than the previous year in Asia and higher in North America.