Midland, Michigan -- The polyurethanes segment of Dow Chemical was the drive for a record operating EBITDA (earnings before interest, tax, depreciation and amortisation) for Q1, 2015, Dow Chemical announced in its first financial report of 2015.
The segment is part of the company’s Performance Materials and Chemicals division, which posted an overall EBITDA of $535m (EUR471m) - up 4% on Q1, 2014. This was despite a decline in sales to $3.2bn – a drop of 9.6% on the sales during Q1 2014, said the company.
Also during the company’s earnings conference call at the close of April, it reported “strong demand across all market sectors in North America, with tight PO.”
Markets in Europe, the Middle East, Africa and India demonstrated were “strong” for industrial, consumer and energy efficiency, the company reported.
“Conditions were mixed in LAA (Latin America) and stable in Asia Pacific.”
The report also said the Dow Elastomers had reported its highest EBITDA quarter figure since 2012.
currency conversion: XE.com, 7 May 2015 ($1=Euro 0.880)
