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Industrial Coatings

Revenue increased by 22 percent, mainly due to the successful integration of Schramm/SSCP and further supported by favorable currencies and price/mix. Coil and Packaging continue to grow, with growth in Packaging coming primarily from Asia and for Coil from emerging Europe.

In Q4, revenue grew by 12 percent, mainly due to a strong performance by the Specialty Finishes business. The market remained soft in Europe, in particular for Packaging, while the Asian markets were strong in all businesses.

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