Skip to main content

File photo of Dow Chemical CEO Andrew Liveris.

© Richard Carson / Reuters/REUTERS

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.

Sales fell 1 per cent to $13.92-billion.

Story continues below advertisement

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.

Report an error
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.