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Americas


Revenue in the US was 9 percent higher primarily due to favorable currencies. Retail revenue improved, but trade revenue was lower due to reduced building and construction activities. The third quarter showed solid growth in Glidden. We continued to invest in the Glidden brand, resulting in a healthy sales increase and share expansion of the Glidden brand in the retail segment. As of the third quarter, more than 90 percent of the company-owned stores have been updated with new exterior signage to support the re-launch of the Glidden Professional Paint Centers. We announced that we will be the primary paint supplier to more than 3,500 Walmart stores in the US. We will develop and manufacture a portfolio of interior and exterior paints under the Glidden and Walmart Colorplace brands.

Revenue in Canada benefited from favorable currency translation, although demand in the third quarter was soft, with volumes down 4 percent. We continued to open new stores in Canada (seven so far this year) in order to further strengthen our stores network.

Latin America experienced strong revenue growth across all countries. During Q3, we accelerated the Tudo de Cor Minha Casa (I want colors for my house) program, reaching in excess of 500 projects. This program stimulates consumers to enter into a neighborhood-based contest to have the outside of their house painted for free.

Copyright © 2010 Akzo Nobel N.V.