The Dow Chemical Company, a subsidiary of Dowdupont, announced the successful closing of the previously announced divestment of a select portion of its Dow Agro Sciences' corn seed business in Brazil to CITIC Agri Fund for a purchase price of $ 1.1 billion.
Announced in May 2017, the new manufacturing facility is scheduled to be operational by 2020, and will extend Cabot’s long-term relationship with Dow while furthering the company’s position as producer of fumed silica.
Dow Dupont Materials Science announced the start-up of its new integrated world-scale ethylene production facility and its new Elite enhanced polyethylene production facility, both in Freeport, Texas. Both units will continue to ramp up through the third quarter and are expected to reach full rates in the fourth quarter of 2017.
Dow and Saudi Aramco announced a non-binding Memorandum of Understanding (MOU) that involves the acquisition of an additional 15 % ownership interest by Dow from Saudi Aramco in Sadara, a joint venture developed by the two companies.
Dupont and The Dow Chemical Company announced that all required regulatory approvals and clearances have been received, that all conditions to closing of their merger of equals have been satisfied, and that their merger of equals will close after the market closes on August 31, 2017.
Dow gets serious with its plans to divest its chlorine products value chain and merge it with Olin: This billion dollar deal could create and industry leader with revenues approaching 7 billion dollar, analysts estimate.A new chlorine behemoth, in which Dow would hold the lion's share.
Der weltweit agierende US-Chemiekonzern Dow reduziert seine Produktionskapazitäten erheblich. Als Gründe nennt das Unternehmen die anhaltende Abkühlung der US-Konjunkur, ein schwächeres Geschäft in Europa und die erheblich gestiegenen Energiekosten.