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Chemical Week Magazine :: Specialty Chemicals

Third-Quarter Earnings Result in a Strong Finish

2:59 PM MST | November 6, 2007 | Kerri Walsh

Global paints and coatings producers reported an increase in third-quarter sales and earnings, mostly helped by higher selling prices and strong sales outside the U.S (table). U.S.-based paintmakers benefited from favorable currency exchange rates, while Netherlands-based Akzo Nobel reported sales down 2% due to the euro’s strength against the U.S. dollar. Wijers: Targeting U.S. decorative market. Demand from the U.S. housing and automotive markets remains weak, however, paintmakers say. The U.S. decorative coatings market has been under pressure since...

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