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Dow Sees Global Headwinds, Many Turnarounds in Second-Quarter 2012, Moderates Outlook for Rest of Year
SUGAR LAND--July 27, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Leading chemical product manufacturer The Dow Chemical Company (NYSE:DOW) (Midland, Michigan) continued to report declines in revenues and profits in the second quarter of 2012, as a worldwide slowdown in growth weakened demand, driving down prices, and Europe led a drop in sales revenues. All business segments, except for Agricultural Sciences, saw price and volume declines, while the number of turnarounds was unusually high. Net income for the quarter was reported to be $649 million, a 33.91% decrease from second-quarter 2011. Industrial Info is tracking more than $16 billion in active projects involving Dow, including the $250 million restart of Ethylene Unit No. 2 at the St. Charles Taft Petrochemicals Plant in Hahnville, Louisiana.
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Industry Segment: Chemical Processing
Word Count: 725 Words
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