The Dow Chemical CompanyDOW will be presenting "The Face of Innovation", throwing light on the people behind its innovations, at K 2016, to be held in Dusseldorf, Germany from Oct 19−26. At this gathering − the largest worldwide for the plastic and rubber industry − award-winning innovations of the company's Packaging & Specialty Plastics, Elastomers and Electrical & Telecommunications segments will be showcased.
Dow Chemical's "Face of Innovation" theme highlights the inspiration behind the innovations, from world-class scientists and researchers to marketing experts and value chain partners. The joint commitment and effort of the whole team result in the development of solutions that customers demand. The company wants to use the global platform to showcase the individuals responsible for transforming all of its ideas into a product, and help customers see and experience its latest innovations.
Dow Chemical provides plastic products to a range of markets, from food packaging to transportation, utilities and medical among others. The company is also expanding to new emerging markets such as Middle East, Turkey, Africa, India and the Asia Pacific. The company's joint venture in the Middle East - Sadara Chemical Company - has started ramping up polyethylene production. Sadara, a joint venture between Dow Chemical and Saudi Arabian Oil Company ("Saudi Aramco"), has already begun delivering products to India.
At K 2016, Dow Chemical invites other attendees to learn more about plastics growth investments, its products as well as collaboration opportunities. The company's partners and customers will be able to see and interact with industry leaders and experts as well as understand the unique innovations underway across the industry.
DOW CHEMICAL Price
Dow Chemical's shares closed around 1.4% higher at $52.93 last Friday.
Dow Chemical saw adjusted EPS growth for the fourteenth consecutive quarter in the first quarter of 2016. Adjusted earnings of 89 cents per share and revenues of $10.7 billion for the quarter beat the respective Zacks Consensus Estimate.
Sales of the Performance Plastics segment fell roughly 2% to $4.2 billion, impacted by lower hydrocarbon pricing. The Packaging and Specialty Plastics business saw record polyethylene sales volume. The Elastomers business also registered higher volumes. Moreover, Electrical and Telecommunications volumes rose by double digits in the quarter.
The company anticipates sustained momentum in consumer-driven end markets. Demand in North America is expected to be strong while a recovery is projected in Europe and China for Dow Chemical's innovative and unique products.
Dow Chemical currently has a Zacks Rank #3 (Hold).