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The new spring news! Dow enterprise 2016 performance outstanding achievement
Time:2019-01-13 10:32Click:

The four companies such as Dow and other companies issued 2016 earnings reports, and the results were good.

Dow: the most outstanding performance in the Greater China region

Dow released its fourth quarter and full year performance report in January 26th, and its annual sales volume increased by 5%, excluding the impact of divestiture and acquisition, an increase of 4%. This performance reflects a wide range of consumer demand.

Almost all geographical regions have grown - Asia Pacific (6% growth); Europe, the Middle East, Africa and India (EMEAI) (4% growth); North America (3%); Latin America (Chi Ping). The most prominent areas of sales growth include the Greater China region (growth 11%), Europe (5% growth) and the United States (4% growth).

Earnings per share were $3.52 a year and operating profit increased by 7% to $3.72 per share. EBITDA was $8 billion for the whole year, while operating EBITDA increased by US $212 million to US $9 billion 800 million. In 2016, it paid back nearly 3 billion dollars to shareholders by paying dividends and stock repurchases.

"This is another quarter of our firm's strong growth," said Andrew Liveris, the chairman and chief executive of Dow Chemical. "The company's year-on-year earnings and sales continued to grow. It was also the 17 quarter of us to maintain growth in earnings per share and maintain growth in the 13 consecutive quarter."

"From the operational point of view, our consumer driven business model shows strong and tough vitality throughout the year, without being affected by market fluctuations. Through market focus and innovation initiatives, we set a good record of the annual operational EBITDA in many downstream sectors, including automotive systems, buildings, electronic materials and Dow Yun Yusun.

"In terms of strategy, we have increased investment to achieve growth. Sadara has completed the construction of world-class plant scale, the largest production plant has started, and 26 production facilities have begun to accelerate production. In the Gulf coast of Mexico, we have completed the capacity expansion of Louisiana and Texas. We also accelerated the integration of Dow conning's organosilicon business, overdone all our predetermined values and synergies, and integrated the organosilicon business with Dow Chemical products.

When talking about the company's prospects, lewichi expects the market to demand a healthy development of Dow's product portfolio, especially in packaging, infrastructure, consumer care, electronics, automobiles, and agriculture. And said that the future will continue to focus on three priorities: to achieve our financial and operational plans; to complete DuPont merger transactions and to quickly push forward the split plan; make full use of our strategic growth projects.

Dow chemistry is the main supplier of crosslinked membranes (crosslinked POF). The stability of its products is undesirable.

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