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Automotive and Aerospace Coatings

Automotive and Aerospace Coatings revenue increased 2 percent over last year, mainly due to higher volumes and the acquisition of Changzou Prime Automotive Paint Co., Ltd., but negatively affected by currencies. The growth is largely attributable to higher sales in Aerospace Coatings, growth in the Vehicle Refinishes trade segment in Asia, and market share gain in North America (where vehicle refinishes volumes increased over the previous year). Due to continually high demand in the US and Western Europe, total Commercial Vehicle OEM demand grew compared to last year. As part of our growth strategy we announced a major deal with the LKQ Corporation, the largest North American provider of aftermarket automotive parts. As part of the deal, we sold all of our company-owned direct sales outlets in the US to LKQ. Sikkens, Lesonal and U-Tech brands are distributed by LKQ at all their locations in the US.

Copyright © 2011 Akzo Nobel N.V.