Dow Chemical posted a surprise Q1 profit, helped by cost reductions, gains in its agricultural segment and lower raw material costs. The company said it had cut spending by $270 million in the quarter from a year earlier. Purchased feedstock and energy costs were down 49 %. Agricultural segment sales rose about 8 % to $1.4 billion. The company reported net income of $24 million down from $941 million a year earlier. Sales fell 39 % to $9.09 billion.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
Compelling solutions through strategic partnerships
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
