TDI, MDI may begin recovering margins in 2012-2013 – US Dow
27 October 2011 20:11 [Source: ICIS news]
HOUSTON (ICIS)--Isocyanates may begin recovering margins in 2012 to 2013, ultimately reaching levels last seen five or six years ago, the chief executive of US-based Dow Chemical said on Thursday.
Capacity was overbuilt for toluene di-isocyanate (TDI) and methyl di-p-phenylene isocyanate (MDI), said Andrew Liveris, Dow chief executive.
Liveris made his comments during an earnings conference call.
The market is now working its way through the overcapacity, he said.
TDI and MDI are isocyanates used to make polyurethane foam.
For more on TDI and MDI visit ICIS chemical intelligence
For more on Dow visit ICIS company intelligence
By: Al Greenwood
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