Total company sales for the third quarter 2009 were $6.0 billion, with sales in emerging markets rebounding from significantly lower levels in the first and second quarters.
In the Coatings & Color Technologies sector, sales reached $1.5 billion, a decline of 16%, primarily reflecting continued weakness in motor vehicle markets. In the Safety & Protection segment sales totaled $1.0 billion, dropping 32%, reflecting a 22% volume decline primarily in industrial and construction markets. Pricing decreases reflected the pass-through of lower chemicals raw material costs.
In the Electronic & Communication Technologies arena sales tallied $919 million, a drop of 13%, reflecting 10% lower volume and 3% lower selling prices. Weak demand in consumer and general industrial markets offset increased demand in photovoltaics and packaging graphics.
Performance Materials logged sales of $2.3 million, a decrease of 9%, reflecting lower volumes and lower costs.