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Car Refinishes


Revenue was up 15 percent due to favorable currencies and 7 percent higher volumes. In the high growth markets, particularly in Asia, the vehicle repair premium and trade segments were strong. The commercial vehicle activities continued their upward trend, mainly as a result of increased demand in the US. Recovery in the automotive market improved the performance of our Automotive Plastic Coatings activities, while our Aerospace volumes improved due to higher sales in the commercial airline market. Margin management programs mitigated the negative impact of sales mix and increased raw material prices. With the recently announced acquisition of Changzhou Prime Automotive Paint Co., Ltd, we increased our market share in the trade activities in China. We have also created a new high-chrome finish which has halved the time taken to paint and cure new bodywork for the Vodafone McLaren Mercedes MP4-25 Formula 1 car, and reduced the paintshops carbon footprint by 80 percent.

Copyright © 2010 Akzo Nobel N.V.