Dow CEO Jim Fitterling told CNBC on Wednesday that the coronavirus outbreak is driving up interest for some of the organization’s items that are utilized in household cleaning things.
Fitterling, showing up on “Squawk on the Street” after his organization beat examiner desires for its final quarter, said Dow’s cleaning items are seeing expanded interest because of the quickly 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 uncertain what the general effect of the virus would be for Dow, which considers Asia to be a development zone.
“I haven’t seen a massive negative impact from the coronavirus yet, but we’ll watch that,” he stated, as the affirmed cases in the outbreak, which began in China, reaching more than 6,000 with more than 130 passings.
Dow isn’t the main organization that is seeing interest for certain items ascend because of the infection. Mike Roman, CEO of 3M, told CNBC on Tuesday that his organization is “going 24/7” to create protective masks.
While coronavirus concerns might be helping a few organizations, it could slow economic growth in Asia, and explicitly in China, which has executed travel restrictions to battle the spread.
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