Industrial and Powder Coatings
Revenue was up 1 percent, due to favorable currencies and price/mix, partially offset by weaker markets, most notably in China. There was higher demand for Coil Coatings from a stronger construction industry in North America. In Europe, Packaging Coatings development was positive. Volumes continued to be impacted by the expiry of resin supply agreements related to the 2013 divestment of AkzoNobel’s Decorative Paints business in North America. Powder Coatings announced plans to double its production capacity in Vietnam.