Coatings / Adhesives & Sealants Headlines / News / Raw Materials and Chemicals

Dow Posts 2% Lower Sales in First Quarter

The Dow Chemical Co. recently reported sales of $14.4 billion in the first quarter of 2013, down 2% vs. the same period last year. Volume declined 3% or was flat, excluding Feedstocks and Energy. Volume rose in emerging geographies (up 2%), with increases led by Latin America (up 6%). Volume remained flat in North America and declined in Western Europe (down 12%).

Sales in Electronic and Functional Materials were $1.1 billion, an increase of 2% from the same quarter last year, as volume growth of 3% was slightly offset by a 1% decline in price. Revenue declined slightly in Dow Electronic Materials, as volume increases were offset by price declines due in part to currency. Semiconductor Technologies showed volume growth due to strength in memory manufacturing.

Coatings and Infrastructure Solutions reported sales of $1.7 billion, a drop of 2% from the prior year. Price held flat, while volume was down 2%. Volume declines were primarily driven by Dow Building and Construction, reportedly due to difficult business conditions in Europe and the company’s restructuring actions in that region. Volume declines were also impacted by slower non-residential construction demand in North America. Dow Coating Materials sales were flat, with volume growth in North America and Asia-Pacific offset primarily by declines in Europe.

Sales in Performance Materials were $3.3 billion, a decrease of 4% vs. the year-ago period. Volume declined 5%, while price rose 1% compared with the same period last year. Momentum in the quarter drove price improvements over the comparable period, with volumes down on softer demand.

“Our performance this quarter demonstrates our team’s continuing determination to deliver earnings growth, despite ongoing uncertainties in the global economy,” said Andrew N. Liveris, chairman and CEO. “We are aggressively managing our businesses and driving near-term execution measures–demonstrated by this quarter’s marked improvement in both margins and profitability. We continue to deliver on our plan by implementing cost and cash flow actions, paying down debt, improving return on capital and taking firm decisions on our portfolio, as evidenced by our recently announced target of $1.5 billion in proceeds from divestitures in the near term.”

For additional information, visit

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!


ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI June 2015 cover

2015 June

Welcome to our annual Dispensing & Curing Equipment Directory!
Table Of Contents Subscribe

Better Jobs

Is the economy prompting you to consider leaving your job for a better one?
View Results Poll Archive


Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 


facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.