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Dow reports US$651m net income in Q2 2010

August 05/2010

(Dow) -- Q2 profits posted by Dow is lagging behind analysts estimates due to reduced demand for crop-chemicals affected by adverse weather, and unexpected shutdowns of polymer plants in Texas and Argentina. Net income was US$651 mln compared with a net loss of US$344 mln a year ago. Dow lost US$300 mln in revenue because of the month long closure of its polyethylene plant in Argentina and disruption to operations at the Deer Park and Oyster Creek plants in Texas. The polyethylene plant in Argentina is Dows largest in Latin America, Deer Park makes methyl methacrylate, and Oyster Creeks makes phenol, which is used to make specialty plastics.

 

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Dow reports US$651m net income in Q2 2010

MRC Reference

Share in the Russian market, 2008:

 polyethylene - 2.5% (including LLDPE 33.1%);

 polypropylene 0.8% (including  PP-impact - 1.1%);

 polystyrene 2.6%.

 Annual sales growth in Russia, recent 5 years:

 polyethylene - 55%;

 polypropylene 28%;

 polystyrene 2%.

 Imports by processing technologies:

 pipe extrusion;

 film extrusion;

 sheet extrusion;

 foaming.

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