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Powder Coatings

Q1 was a strong quarter for Powder Coatings with revenue up 48 percent, of which 31 percent related to acquisitions. The strong autonomous volume growth was driven by our position in high growth markets. The acquisition of the former Rohm & Haas powder coatings activities has strengthened our position in North America and Western Europe. We experienced growth across segments in North America in particular and continued to integrate the new powder activities there, as well as in Europe. The restructuring of our European and North American operations is also on track. Meanwhile, we continued to strengthen our footprint in high growth markets, highlighted by the announcement of expansion plans in the Asia Pacific region. As well as finalizing proposals to build a new Asian technical and technical support laboratory in Vietnam, we also plan to open a new service center in Thailand in May and upgrade one of our sites in Malaysia.

Copyright © 2011 Akzo Nobel N.V.