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Industrial production also down 1 percent in the EU28.
Drop in oil prices, strengthening dollar hurt demand in the last half of year.
CEO: $48 million divestiture helps MRC "reduce exposure to upstream drilling volatility."
Fourth-quarter sales up 2.1 percent year-over-year.
Fourth quarter sales increased 3.1 percent year-over-year.
Change may be uncomfortable, but it is necessary for success.
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