Surface Chemistry

The year started for Surface Chemistry with an extremely cold winter in the US, which impacted the logistics chain. In the second half of the year, demand in the Americas and EMEA regions improved, while Asia remained weak. Full-year revenue was in line with 2013, with adverse currencies and volumes being offset by improved price/mix as we focused on more value added segments. Restructuring programs contributed positively to the results.

Q4 revenue was up 6 percent, due to the strengthening of the US dollar and improved volumes in the Americas and EMEA.