INDUSTRY NEWS EXTRA: The Bottom Line for 2001<br>Results Show Effect of Downturn, but Stronger Growth Trend is Forecast
To no one's surprise, sales and earnings reports from major coatings manufacturers for the fourth quarter and year 2001 showed the effects of economic weakness in U.S. and overseas markets. But signs that the recession had eased its grip could also be detected in some of the numbers.
Several companies also said they would continue cost-cutting programs that began last year in the wake of slowdowns that hit the major economies of North America, Europe, Asia, and South America.