Dow posts elastomers record amid mixed annual results

Midland, Michigan – Dow Chemical Co.’s performance materials & chemicals unit saw sales fall 23% in full year 2016 to just over $9.2 billion (€8.6 billion), the speciality chemicals company reported on 26 Jan.

Measured on earnings before interest, taxes, debt and amortisation (EBITDA), performance materials & chemicals plummeted 97% to $134 million.

There were, however, some bright spots, not least the US group’s elastomers business which achieved record quarterly and full-year sales volumes.

Strong growth at Dow Elastomers was led by double-digit hikes in demand in both…

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