Go to the Globe and Mail homepage

Jump to main navigationJump to main content

File photo of Dow Chemical CEO Andrew Liveris. (© Richard Carson / Reuters/REUTERS)
File photo of Dow Chemical CEO Andrew Liveris. (© Richard Carson / Reuters/REUTERS)

Dow Chemical posts loss as demand slumps Add to ...

Dow Chemical Co. reported a quarterly net loss on Thursday due to large restructuring charges and falling sales of specialty plastics and chlorine.

For the fourth quarter the company posted a net loss of $716-million (U.S.), or 61 cents per share, compared with a net loss of 20 million, or 2 cents per share, in the year-earlier quarter.

More Related to this Story

Sales fell 1 per cent to $13.92-billion.

Dow Chemical took a $990-million charge in the fourth quarter, part of a plan announced in October to lay off 5 per cent of its work force, close 20 plants and write down the value of its underperforming lithium ion battery business.

In the know

Top videos »