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Powder Coatings

There was clear volume and revenue improvement compared with 2009, but we are still below pre-recessionary levels. Revenue increased 10 percent over the previous year. High growth markets in Europe and Asia continued to show higher growth, both in volume and revenue, while some growth was visible in mature markets following the low levels of Q1 2009. The Functional activities were hit by the recession at a later stage and were below Q1 2009, however they improved over Q4 2009. Margin management initiatives partly mitigated some of the raw material increases. Our Powder Coatings business has become the first coating supplier selected to work with IKEA in developing its 2013 color/finish range, together with our Wood Finishes and Adhesives business. During Q4 2009, Powder Coatings announced the acquisition of the powder coatings assets of the Dow Chemical Company, which will further strengthen our activities in Europe and North America.

Copyright © 2010 Akzo Nobel N.V.