Dow Announces Plans to Divest $5 Billion in Assets
MIDLAND, MI - The Dow Chemical Co., Midland, MI, announced plans for the separation of a significant portion of the company’s chlorine value chain. The assets represent up to $5 billion of total annual revenue and include approximately 40 manufacturing facilities at 11 sites and nearly 2,000 employees.
“These businesses have served us well over decades, but are serving markets that Dow has exited over time, and we are therefore right-sizing our upstream integration to match the downstream focus that we started a decade ago,” said Andrew N. Liveris, Dow’s Chairman and Chief Executive Officer.