Revenue was up 18 percent over the previous year, positively supported by price/mix and currencies. Overall volumes increased marginally, with Marine volumes impacted due to the slowdown in the new construction market. Protective Coatings achieved increased volumes in all regions, especially in the oil and gas segments. In Korea, an order was secured for Shell’s Prelude, the world largest floating LNG platform. In Yacht, overall activity remained in line with 2011 across all segments.
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