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World News and Views :: Top of the News
Dow On Track to Meet Financial Goals, Remains Optimistic on Outlook
1:45 PM MDT | October 4, 2011 | Lindsey Bewley and Vincent Valk
Dow Chemical says it expects to meet financial targets and earnings estimates projected in November 2009, including plans to deliver $10 billion in Ebitda in the near-term. “The world has slowed in its economic recovery, but we at Dow have the flexibility as well as diverse portfolio to rapidly respond to changing conditions, and we are operating from a position of financial strength,” Andrew Liveris, chairman and CEO told participants at the company’s investor day, held today in New York. “We have delivered margin expansion and captured volumes as demand has recovered, and we have been aided by favorable feedstock pricing in the U.S.”...
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