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Car Refinishes

Total revenue was up 8 percent, mainly due to higher volumes in Commercial Vehicles and Automotive Plastics Coatings. Mix effects in the portfolio were mitigated by margin management efforts. In Vehicle Refinish, revenue was above the previous year, mainly due to continued growth in Asia, while market conditions remained soft in Western Europe and North America. Margin management initiatives offset the change in the product mix versus 2009. The Commercial Vehicle segment showed a strong recovery compared with the previous year, especially in the Americas and Asia. Approval was received from Daimler Benz for use of our primerless waterborne basecoat system in China on plastic bumpers and rocker panels. The business also received approval from Toyota Motors for global use of Sikkens Autoclear LV Exclusive, our scratch resistant, self-healing clear coat.

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