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Powder Coatings

Revenue was 6 percent higher than in 2011, supported by favorable currencies and price/mix. Volumes were adversely impacted by the weakening of the economic environment. In Europe, volumes were lower than the previous year throughout the region. However, excellent growth rates were achieved in Russia, while the North American and Asian markets continued to develop well.

Revenue in Q4 was up 4 percent, mainly as a result of architectural activities. Furniture and domestic appliances continued to suffer from the weak economic situation.

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