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Surface Chemistry


Our Surface Chemistry business continued to perform well. Demand for agro, oilfield and other industrial applications remained healthy. Compared with a relatively strong quarter in 2010, volume increased 4 percent, with positive developments in all regions. Revenue increased 17 percent driven by the volume growth and improved pricing. The raw material cost trend continued on an unfavorable path, particularly in key fat and oil feedstock. Currently, several of our raw materials have returned to pre-recessionary price levels. However, strong demand and margin management actions more than offset the downward pressure on margins. As a result, the Surface Chemistry business was able to improve on last year’s first quarter performance.

Copyright © 2011 Akzo Nobel N.V.