Dow's epoxy business sales continued to increase, but due to rising raw materials, the industry's production capacity increased, and the profit of epoxy intermediates declined. The automotive and real estate industries in North America continued to decline, negatively affecting the performance of Dow Automotive, Dow Construction Applications, special plastics and elastomers. Functional plastics sales revenue reached US$4.4 billion in the second quarter, an increase of 18% year-on-year. The price rose by 11% and sales volume increased by 7%, especially in Europe and the Asia Pacific region. Although functional plastics are generally raised in price, they are still insufficient to offset the substantial increase in the cost of raw materials and supply chains.
Deji Tyre Co., Ltd. , http://www.tire-tube.com