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Industrial Coatings

Full-year revenue declined 3 percent, due to adverse currencies. Overall volumes declined, with growth in Coil Coatings being more than offset by declines in Packaging and Wood.

In Q4, revenue declined 3 percent, mainly due to adverse currencies. Volume and price/mix were favorable and, apart from Packaging in North America and Europe, all businesses grew. Four intended site closures were announced during the quarter.

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