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Wood Finishes and Adhesives

Revenue grew 6 percent, supported by currencies and price/mix. Demand remained weak across most of the mature markets, although the US benefited from a modest recovery of the housing market. Europe suffered the most from the volume decline during 2012, with cost control mitigating the impact of reduced activity levels.

In Q4, revenue was 1 percent above 2011, supported by favorable currencies and price/mix. Cost control and margin management initiatives continued.

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