Industrial and Powder Coatings

Revenue was up 5 percent, due to favorable currencies and price/mix, partially offset by weaker markets, most notably in the Chinese construction industries. Several segments benefited from strength of the construction industries in North America. In Europe, Packaging volume development was positive while coated steel production declined. Volumes were impacted by the expiry of resin supply agreements related to the 2013 divestment of AkzoNobel’s Decorative Paints business in North America.