Industrial and Powder Coatings
Full-year revenue increased 4 percent due to favorable currencies and price/mix offsetting adverse volumes. Demand was impacted by construction industry weakness in China and Brazil. North America continued to grow, benefiting from strength in both the US construction and automotive industries.
In Q4, revenue was up 3 percent due to favorable currencies and price/mix offset by lower volumes in some segments in China and Brazil. In Europe, Packaging Coatings development was positive. North Asian volumes were strong across a number of segments, including automotive, coil, and general industrial. Volumes in North America continued to benefit from strength in the US economy.