The Dow Chemical Company reported that sales in the second quarter of 2014 amounted to US$14.9 billion, up 2% compared to the same period in the previous year.
Gains were reported in all operating segments, led by Performance Plastics (+4%) and Electronic and Functional Materials (+5%). Agricultural Sciences also increased sales, rising 3% in the quarter and achieving a first-half sales record of US$4 billion.
The Company also announced adjusted sales gains in most geographic areas, with increases reported both in developed regions (+3%) and in emerging regions (+2%). Gains were led by Western Europe (+6%) and the US (+5%).
"Our results reflect excellent progress against Dow's near-term priorities, and clearly illustrate our ongoing drive to execute self-help actions that are delivering growth on both the top and bottom line," says Andrew N. Liveris, Dow's Chairman and CEO.
Commenting on the company's outlook, Mr. Liveris emphasized that Dow's key growth projects, such as the launch of Enlist, the Sadara joint venture, and its investments on the US Gulf Coats, are all remain on schedule to serve as a major start-up year in 2015.