DOW CEO Jim Fitterling told CNBC on Wednesday that the coronavirus outbreak is driving up demand for some of the company’s products that are used in household cleaning items.
Fitterling, appearing on “Squawk on the Street” after his company topped analyst expectations for its fourth quarter, said Dow’s cleaning products are seeing increased demand due to the rapidly spreading virus.
“We’ve seen some demand pull from coronavirus on things like cleaning materials for disinfectants, like you would use in household cleaners; non-wovens for masks and wipes and those kinds of things,” Fitterling said. “And I think as you see people stay at home and use more food from the grocery store, you’re going to see a pull on packaging as well.”
Fitterling said he’s unsure what the overall impact of the virus would be for Dow, which sees Asia as a growth area.
More at source: CNBC
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