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Industrial Coatings

Revenue increased by 26 percent due to a volume increase and favorable currencies (9 percent). The Coil business has shown the largest increase in its business activities, mainly stemming from Asia and Europe and the Russian Petrokom acquisition. The less cyclical Packaging Coatings business showed a more modest increase in its volume and revenue, with a stable beverage and food-related business, although Latin America showed higher demand. Specialty Plastics continued to see decreasing volumes and revenue in its business segments in Asia, more than offset by increases in the automotive segment in Europe and the Americas.

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