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People & Business :: Earnings/Finance
Dow Chemical posts higher profits, considering options for epoxy and chlorine derivatives units
11:03 AM MDT | July 25, 2013 | Rebecca Coons
Dow Chemical reported higher second-quarter profits, driven by an advantaged feedstock position in North America, strong adoption of corn seeds and new crop protection products by farmers, and previously announced cost-cutting programs. The company says it is also evaluating underperforming businesses, specifically epoxies, chlorine derivatives, and building and construction outside North America, which together represent $6 billion in annual revenue. "Here we see the need for more dramatic interventions," Liveris told investors on a conference call this morning. "Therefore, these businesses are in the fix-take action mode, which includes exploring all possibilities, including joint venturing or divesting them."...
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