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Automotive and Aerospace Coatings

Revenue was up 1 percent, supported by price/mix and volumes, although currencies had an adverse impact. In Vehicle Refinish, volumes in Europe showed mixed results. Growth was achieved in Eastern Europe, but conditions were challenging in Northern and Southern Europe. It was a similarly varied picture elsewhere, with growth in the US and Latin America, while Asia produced mixed results. Our Aerospace and Specialty Finishes activities both achieved volume growth. Initiatives to control costs continued during the quarter.

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