This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Dow Elastomers Projects Record Sales And EBITDA For 2012, Generates Strong Momentum For 2013

Stocks in this article: DOW

Dow Elastomers, a business unit of The Dow Chemical Company (NYSE: DOW), today announced it has achieved record year-to-date sales and EBITDA, marking the third year of continuous top and bottom line growth. These strong financial results are driven, in large part, by the diversification into new market segments and the introduction of disruptive innovation. The momentum Dow Elastomers has experienced in recent years is accredited to the Company’s continued investment in improving product offerings that enable its customers’ success in existing and emerging markets.

“We will continue setting superior technology and process standards to meet our aggressive financial commitments while growing market share. This will sustain our leadership position in foundational markets while we cultivate new market opportunities,” said Kim Ann Mink, Ph.D., business president, Dow Elastomers, Electrical and Telecommunications. “Dow will support customers now and in the future with targeted solutions through this focused innovation.”

To meet its customer’s growing needs, Dow announced plans earlier this year to build a world-scale plant for the production of its metallocene ethylene propylene diene monomer (EPDM), sold under the NORDEL™ IP Hydrocarbon Rubber trademark. This new facility will allow Dow to meet the increasing global demand for EPDM in applications such as automotive hoses, belts, weather-stripping and roofing membranes. In addition, implementation of next-generation technology will allow the Company to broaden its offering to include high mooney viscosity products with enhanced quality. The facility will benefit from Dow’s operations feedstock advantages available from increasing supplies of U. S. shale gas on the Gulf Coast.

In the product development space, Dow concentrated efforts on new elastomer products, introducing two additions to the family of AFFINITY™ GA Polyolefin Elastomers, to expand solutions for packaging, bookbinding and non-woven applications. AFFINITY™ GA 1000R, a Maleic anhydride (MAH) grafted polymer, and AFFINITY™ GA 1875 offer outstanding processability and improved adhesion, particularly for hard-to-bond substrates.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs