CEO Jim Fitterling said that although the business had been hit by winter storm Uri, which halted production in the US Gulf, his company had quickly brought assets back online within a week, reaching pre-storm operating rates by quarter-end. 'Despite supply constraints, we saw demand growth as the economic recovery continued to broaden, most notably in packaging, construction, mobility, electronics and consumer durables end-markets,' he said.
The company's industrial intermediates & infrastructure business includes polyurethane chemicals. In the business overall, sales rose by 18.5% between the first quarter of 2020 and the first quarter of 2021, at $3.6bn. This compares with $3.0bn in the equivalent period in 2020.