There was strong performance in the polyurethane & construction chemicals business segment of the industrial intermediates & infrastructure division. This was driven by tight supply and robust consumer demand in durable goods, appliances and construction markets, the company said. The sales line grew because of local price increases and underling market dynamics, particularly in infrastructure applications.
Across this division as a whole, sales rose by 74.4% between the second quarter of 2020 and the second quarter of 2021, at $4.2bn. This compares with $2.4bn in the equivalent period in 2020.
Operating EBIT across the business increased from a loss of $220m in the second quarter of 2020 into positive territory, with operating EBIT of $648m in the second quarter of 2021.