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Bayer said profit at its plastics division tripled.
Also like Mr Welch, he spent his formative corporate years in GE's plastics division.
GE has recently shed other businesses, as well, including its plastics division.
An example of that is in what might be called the plastics division.
In addition to insurance, its weakest units included its power turbine division and its plastics division.
G.E.'s plastics division cockpit, for instance, shows three categories: manufacturing, selling and procurement.
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Also, I would note that GE is also in several not-so-good businesses, such as the reinsurance business at GE Capital, GE Appliances and its lighting and plastics divisions.
Kathleen Bader, a vice president of Dow who runs four plastics divisions, says that she was "absolutely skeptical" when she took Gruber's first call.
BASF's increasingly costly chemicals and plastics divisions took up 42.0% of profits in the second quarter, but that division's weakness was more than offset by the strength at its similarly sized oil and gas division, where profits rose 44.1%, due to high oil prices.
Her parents, Ann and William Foerster, live in McAllen, Tex., where her father retired as a broker for the plastic bag division of Sonoco.
In August he paid $162 million in cash for FMC Corp.'s plastic additives division, which brought on some phosphate-based flame retardants to diversify away from bromine.
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