Midland, Michigan – DowDuPont had sales of $12.6bn in its Industrial Intermediates & Infrastructure Division in 2017, up 17% on pro forma sales in the previous year.
In 2016, pro forma sales for the division, which contains polyurethane intermediates such as MDI, were $10.8 bn.
Earnings for 2017 before interest, taxation, depreciation and amortisation of $2.3 bn in 2017 for the Industrial Intermediates & Infrastructure Division were up 36% on the $1.7 bn recorded in 2016, according to a recent filing.
Across DowDuPont, sales in 2017 were $62.5 bn. This compares with pro forma sales of $48.2 bn in 2016, a rise of 29.7%.
Looking at the fourth quarter of 2017, DowDuPont said that net sales of $3.6 bn in the Industrial Intermediates & Infrastructure Division were up 27% on the pro forma 2016 number. ‘Double digit sales gains were reported in all geographic regions. Volume grew 13%, while local prices rose by 12%,’ the company said.
In Q4, prices rose in downstream, higher margin systems applications, as well as higher merchant sales of MDI. ‘Here, industry supply/demand fundamentals remained tight,’ the company added.
Looking ahead, DowDuPont executive chairman Andrew Liveris said that the trajectory of global economic expansion has gained momentum. This was, he said, ‘driven by robust consumer and business confidence. This bodes well for the products and technologies within the DowDuPont portfolio’.