USA: Chemical Industry Dow Extends Investments in the US Economy to $ 12 Billion
The Dow Chemical Company announced its next phase of comprehensive investments in the US market over the next five years. These investments are intended to stimulate economic activity, primarily in the United States.
Midland/USA — The projects announced extend the company’s U.S. growth investments to more than $ 12 billion over a 10-year period. Dow expects to employ approximately 5,500 workers at peak activity, as well as 300 permanent jobs.
“The Trump Administration seeks to drive structural economic reform across the regulatory and tax environments, fair trade and job creation — envisioning an economy that motivates U.S. business to once again focus on domestic growth and restoring America’s long-term competitiveness,” added Liveris. “Dow’s announcement today, as well as our U.S. investments over these past many years, align with this thesis and position our company to continue strengthening the manufacturing sector and the many industries it supports.”
The investments announced are expected to come online in a phased manner, beginning in 2020 and will require estimated capital expenditures of approximately $ 4 billion, spread over the next five years.
Dow also recently announced it will invest in a new, $ 100 million state-of-the-art innovation center at its global headquarters in Midland, Michigan.