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Industrial Coatings

Revenue improved 15 percent due to increased volumes (6 percent) and favorable currencies. The Packaging business showed strong volume improvements in Europe and Latin America, whereas the Coil business’ volume increase was driven by growth in Europe and Asia. Our Specialty Plastics business has seen a volume and revenue decrease in Asia in its main business segments of wireless and IT, while the automotive and cosmetics businesses have increased in volume and revenue. Our Coil business is mainly construction related and as a result was impacted by the economic slowdown and by rising raw material costs. Packaging Coatings more stable beverage and food related business experienced an increase in volume and revenue. We acquired the Lindgens Metal Decorating Coatings and Inks business to strengthen our position in metal packaging decoration and to enhance our presence in important markets such as Russia and Turkey.

Copyright © 2010 Akzo Nobel N.V.