Issue 4/2017 - Chemical giants at a glance

Dow (DOW) saw fourth-quarter sales of $13 billion, up 14 percent
year-over-year, driven by higher volumes, including the acquisition of Dow Corning's silicones business, and stable market prices.
Operating EBITDA increased 10% year-over-year to $2.
6 billion
.
Full-year sales were $48.
2 billion, down 1%
year-over-year.
Volume increased 5%, excluding the impact of divestitures and acquisitions, and increased 4%.

EBITDA was $8 billion
.
Operating EBITDA was $9.
8 billion, up $212 million from the year-ago quarter, more than offset by growth in consumer products, infrastructure solutions and agricultural sciences, which were in the Performance Plastics, Functional Materials and Chemicals segments
.

WACKER generated sales of around €1.
35 billion in the fourth quarter of 2016, up 10 percent
year-on-year.
EBITDA for the same period was €270 million, up 44 percent
year-on-year.
Total sales for the full year 2016 amounted to €5.
4 billion, up 2% year-on-year.
EBITDA amounted to EUR 1.
10 billion
.
EBIT of €365 million, down 23 percent; This was affected by the significant increase in depreciation, resulting in an annual profit of €190 million
.

EASTMAN REPORTED SALES OF $2,188 MILLION AND OPERATING INCOME OF $273 MILLION FOR THE FOURTH QUARTER OF 2016, COMPARED TO $172 MILLION
FOR THE SAME PERIOD IN 2015.
For the full year 2016, lower selling prices and lower volumes in the fiber business offset higher volumes in other businesses, resulting in a decline
in full-year sales revenue.

PPG reported net sales of $3.
5 billion in the fourth quarter of 2016, down more than 1%
year-over-year.
During the statistical period, net profit from continuing operations was $77 million
.
Net sales from continuing operations for the full year 2016 were $14.
8 billion, flat
from the year-ago quarter.
Sales volumes increased by 1% year-on-year and sales in acquired businesses increased by nearly 2% year-on-year, fully offsetting the loss
of sales due to the divestiture of the European fiberglass business.
Adjusted net income from continuing operations for the full year was $1.
55 billion, up 7%
year-over-year.