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Dow Chemical reaffirmed its near-term goal of USD 10bn in EBIDTA

October 05/2011

(ICIS) -- Dow Chemical reaffirmed on Tuesday its near-term goal of USD 10bn in earnings before interest, taxes, depreciation and amortisation (EBITDA). Dow has already achieved USD 8.6bn (EUR 6.5bn) in EBITDA for the last four quarters combined, chief executive Andrew Liveris said at Dows investor day. We see bright spots in recession-resistant sectors such as agriculture, food packaging, energy and health and nutrition, he said.

Furthermore, our diversified and well-balanced portfolio provides us with significant advantages in rapidly growing regions of the world - which continue to grow, he added.
Liveris said that Dow also has benefitted from a significant feedstock advantage in the form of liquids-rich shale gas plays in the US.

Additionally, he said, Dow has divested businesses that represented USD 8bn in revenue, but which had only single digit EBITDA margins, such as Styron and its polypropylene (PP) segment.

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