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Powder Coatings

Full-year revenue was 2 percent down on 2012. Positive volumes and price/mix were more than offset by adverse currencies. Europe, the Americas and most high growth markets showed positive results with growth in volumes.

Revenue in Q4 was flat due to adverse currency effects and positive volume and price/mix developments. Europe continued its positive trend, with the transportation and general metal finishes sectors performing well. Three intended site closures were announced during the quarter.

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