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Powder Coatings

Powder Coatings experienced a strong quarter with revenue up 21 percent, supported by pricing actions and acquisitions. The increase was generated by high-growth in developing economies in Europe and the North American Automotive and Trade Coatings segments. The acquired powder coatings integration activities continue and they are now delivering cost efficiencies both in Europe and North America. A new Polymer lab was opened in Felling, UK, in April. The laboratory facility will enable Powder Coatings to continue to build on its growth ambitions in RD&I. The building is devoted to the development of novel polymers and processing technologies.

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