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Dow: Decisive action leads to earnings growth

In the 2009 fourth quarter, Dow Chemical (Midland, Michigan / USA; www.dow.com) reaped the benefits of decisive action taken to counter the negative trends that began at the end of last year, CEO Andrew Liveris said. Net profit swung to USD 178m after a loss of USD 1.55 bn. EBITDA rose to a positive USD 1.3 bn after a negative USD 724m and net sales climbed to USD 12.5 bn from USD 10.8 bn.

In 2010, Liveris said Dow hopes to reach its cost savings target of USD 2.5 bn, maintain R&D spending at USD 1.6 bn, invest in emerging geographies and divest assets worth USD 2 bn.

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