Premium Industrial NewsDow Incorporated Increases 2021 Capital Expenditures to $1.6 Billion
Dow Incorporated Increases 2021 Capital Expenditures to $1.6 Billion
Industry Segment: Chemical Processing | Word Count: 710 Words
SUGAR LAND--April 23, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--While Chemical Processing company Dow Incorporated (NYSE:DOW) (Midland, Michigan) experienced outages from Winter Storm Uri, which hit Texas in February, causing widespread power outages and unplanned shutdowns, lower inventories after the storm, coupled with high demand, brought higher-than-expected profits to the company in the first quarter. Dow reported first-quarter 2021 net income of $991 million, compared with $239 million in the prior-year quarter.
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