Dow chemical announces record Q3 sales

Midland, Michigan — The Dow Chemical Company reported sales of $11 261 million for the third quarter of 2005, a 12 percent increase compared with the same period of 2004. Net income rose 30 percent to $801 million.

The company said its feedstock and energy costs were almost $850 million higher than a year ago. Nevertheless, Dow recorded its 11th consecutive quarter of year- over-year margin recovery and was able to further reduce debt by $500 million. At the end of the quarter, Dow’s net debt…

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