Dow Chemical sales hit $14.7 billion in the first quarter of this year

Dow Chemical has announced that sales in the first quarter of this year reached $14.7 billion, unchanged from the same period of last year; net sales after deducting sales related to previous divestments increased by 4% over last year, achieving sales of 10 consecutive years Quarterly growth. The agricultural science business achieved double-digit growth with sales exceeding US$1.8 billion.

The company’s EBITDA was US$1.7 billion, which was US$2.1 billion after deducting certain items. The agricultural sector, functional materials, polyols, surfactants and fluids, as well as Dow Elastomers and Dow Automotive Systems, have all set new quarterly records.

Dow Chemical's chairman and chief executive officer, Li Weicheng, commented on the company’s development prospects: “The pace of global economic recovery is consistent with our previous outlook. In the United States, consumer confidence continues to rise and the economy continues to stabilize; Although China’s economic growth has slowed down, China will continue to be a very attractive market as it shifts from controlling inflation to encouraging domestic growth; Germany shows signs of improvement; but other Western European countries have to deal with various Structural problems are expected to remain in the recession. It is expected that the global growth momentum will be gradually stronger by the end of this year in the second quarter."