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