Dow Inc. saw improved results from its plastics-related businesses in the fourth quarter of 2020 as the business continued to recover from the COVID-19 pandemic.
Fourth-quarter sales in the Packaging & Specialty Plastics unit of Midland, Mich.-based Dow were up 6 percent to $5.13 billion for the quarter, vs. the same quarter in 2019. The unit's operating earnings before interest and taxes (EBIT) were up 20 percent to $780 million in the same comparison.
Dow's company-wide sales for the quarter were up almost 5 percent to $10.7 billion.