Dowdupont Chemical Company has reported a 23% increase in GAAP net sales in its third quarter report for 2017. Net sales in 2017 are expected to increase by 8% in 2017 to $ 18.3 billion compared with the same period in 2016. In materials science (16%), packaging materials, specialty plastics, high performance materials and coatings (8% each), special product transportation and advanced polymers (9%) and safety and construction 6%). Sales in Europe double-digit, EMEA (16%) and Asia Pacific (10%), sales in North America increased 4%, while sales in Latin America declined , Mainly due to the low agricultural output due to the insufficient area planted with maize and the delayed summer in Brazil.
Ed Breen, CEO of Dowdupont, said: 'We achieved bottom-to-top growth in the third quarter as a good start for our newly formed company, and our operating profit growth was due to increased demand for most of our core end markets , As well as strict profitability management, which not only offset some of the unfavorable factors, ranging from hurricanes to higher raw material costs and the delay of the summer agricultural season in Brazil, and in addition to promoting a number of value-creating initiatives, Some results were achieved, including: completing the merger, completing our comprehensive portfolio evaluation, and identifying new synergies for each department.