Dow sees solid second quarter performance

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Dow Chemical Co. Andrew Liveris

Dow Chemical Co. has reported its second quarter figures, with its seventh consecutive quarter of growth, according to the company.

The Midland, Mich.-based materials giant reported sales of $14.9 billion up 2 percent on the same period last year with increases across all operating segments. Earnings before interest, tax, depreciation and amortization (EBITDA) grew to $2.2 billion.

Andrew Liveris, Dow chairman and CEO, said: “Our results reflect excellent progress against Dow's near-term priorities and clearly illustrate our ongoing drive to execute self-help actions that are delivering growth on both the top and bottom line.”

As part of its ongoing realignment Dow has earmarked its epoxy business and some chlorine and derivatives assets for sale. It is also looking to sell parts of its functional materials and performance materials units, it said.