Midland, Michigan -- Dow’s performance materials segment – in which its polyurethanes division is located - reported Q3 sales of $3.6bn (EUR2.8bn) - up 8% on Q3 2013.
Polyurethanes achieved double-digit revenue growth with higher sales in all geographic areas driven by gains in the consumer comfort, appliance and industrial market sectors, the company said.
Andrew Liveris, the company’s chairman and ceo said: "Our low-cost positions in key products such as ethylene and our deep integration with downstream, value-added products that create value for ourselves and our customers will uniquely position us to continue driving profitable growth," he added.
Overall in Q3 2014, Dow’s performance materials segment reported EBITDA (earnings before interest, taxes, depreciation and amortisation) of $506m, an increase of $192m or 61% higher than Q3 2013.
XE Currency conversion: 29 October, 2014