He has been in prison in Oakland since his arrest in July. After starting up of nitric acid facilities being jointly-operated with Anhui Huainan Chemical Group Co. Braskem remains committed to its strategic vision to become the world leader in sustainable Chemistry, innovating to better serve people. Our new investment in Saudi Arabia will deliver the solutions our regional customers want, without compromising on cost or sustainability profile.
Areas along Michigan's Tittabawassee River , which runs within yards of Dow's main plant in Midland , were found to contain elevated levels of the cancer-causing chemical dioxin in November The dioxin was located in sediments two to ten feet below the surface of the river, and, according to The New York Times , "there is no indication that residents or workers in the area are directly exposed to the sites".
In December , Dow Chemicals agreed to sell part of its global herbicide business, which had reported falling sales for nearly a year. A portfolio of weed killers known as dinitroanilines was sold to privately held Gowan Company , a family owned company located in Yuma , Arizona , which markets a variety of pesticides to the agricultural and horticultural industries.
Annual grasses and small seeded broadleaf weeds can be controlled with these products in a wide range of crops including cotton , beans , canola , cereals , crucifers , cucurbits , and vegetables. Dinitroanilines, are also known as " DNA herbicides ", and have been commercialised at least since Dow stated that it was not admitting to any wrongdoing, and that it was agreeing to the settlement to avoid a costly court battle.
Fifteen sites have been listed by the EPA as finalized cleaned up and 69 are listed as "construction complete", meaning that all required plans and equipment for cleanup are in place. In , the chemical industry trade association — the American Chemical Council — gave Dow an award of 'Exceptional Merit' in recognition of longstanding energy efficiency and conservation efforts. Between and , Dow reduced energy intensity BTU per pound produced by 22 percent. This is equivalent to saving enough electricity to power eight million US homes for a year.
The members of the board of directors of The Dow Chemical Co. In July , Dow became a worldwide partner of the Olympic Games. The sponsorship extends to The Saginaw Spirit of the Ontario Hockey League plays at the Center, which also hosts events such as professional wrestling and live theater.
In October , Dow bought the naming rights to the stadium used by the Great Lakes Loons , a Single-A minor league baseball team located in its hometown of Midland, Michigan. The stadium is called Dow Diamond. The Dow Foundation played a key role in bringing the Loons to the city. On May 20, , Dow launched the Dow Lab Safety Academy, a website that includes a large collection of informational videos and resources that demonstrate best practices in laboratory safety.
As such, the Dow Lab Safety Academy is primarily geared toward university students. However, Dow has made the content open to all, including those already employed in the chemical industry.
Chemical Safety Board  that highlighted the potential hazards associated with conducting research at chemical laboratories in academic institutions. Seeking to share industry best practices with academia, Dow partnered with several U. Through the pilot programs with U. Santa Barbara UCSB , University of Minnesota , and Pennsylvania State University , Dow worked with graduate students and faculty to identify areas of improvement and develop a culture of laboratory safety.
Scientists, engineers, and economists from The Nature Conservancy and Dow are working together at three pilot sites North America, Latin America, and TBD  to implement and refine models that support corporate decision-making related to the value and resources nature provides.
Those ecosystem services include water, land, air, oceans and a variety of plant and animal life. Liveris supports the vertically integrated approach used at Dow, which produces everything from basic chemical feedstocks to high value products such as pesticides and reverse osmosis membranes. These value-adding product chains, along with Dow's wide product range, help the company to weather the storms of the global economy.
Despite this, high energy and feedstock costs may begin to take their toll, particularly if global demand begins to fall just as supply is rising. Litigation costs in the US taken over by Dow as a result of its takeover of Union Carbide also remain a concern. For these reasons, Dow is looking to the Middle East and Asia for new projects. In Oman , the company is working with the Oman government to build a new world-scale polyethylene plant.
In China, the company is collaborating with Shenhua Group the country's largest coal mining company to improve catalyst efficiency to allow viable conversion of coal to olefins. The joint ventures planned for Asia are typical of Dow's "asset-light" approach, which works by offering a combination of intellectual property and money in exchange for a share in a world-scale production facility. At the same time, Dow is considering selling a share of some of its existing assets in order to free up cash.
Dow Chemical has a number of subsidiaries and joint ventures. From Wikipedia, the free encyclopedia. The Dow Chemical Company Type. Dow Corning breast implants controversy. This article needs to be updated. Please update this article to reflect recent events or newly available information. Arabian Chemical Company Latex Ltd. Diamond Capital Management Inc. Dow Chemical Delaware Corp. Dow Chemical Singapore Holdings Pte.
Retrieved May 4, Retrieved 27 October The Dow Chemical Co. Retrieved December 13, Retrieved May 24, National Inventors Hall of Fame. Archived from the original on University of Michigan Department of Geography. Dow Chemical's First Century. Michigan State University Press. Michigan Walk of Fame. Archived from the original on November 3, Archived from the original on 27 December Court of Appeals, 10th Circuit Sept. The New York Times. An independent panel of 13 scientists convened by the Institute of Medicine at the request of Congress has concluded that silicone breast implants do not cause any major diseases.
Biomaterials Science, Second Edition: The Times of India. Archived from the original on 26 June Archived from the original on 15 May Retrieved 23 March Geisst 1 January Encyclopedia of American Business History. Retrieved 6 October Archived from the original on 18 February Salmon 28 September The Rise and Fall of Corporate America. Retrieved 7 October Bellamy 13 January Canada's Polymer Corporation, — Roussel 5 April Ramady 19 October Political, Economic and Financial Country Risk: Analysis of the Gulf Cooperation Council.
Retrieved 12 November Retrieved December 28, Archived from the original on 5 October Chemical and Engineering News. Retrieved 13 November Retrieved 16 October Retrieved 11 December Retrieved 16 December Archived from the original on July 21, Retrieved 6 March Retrieved 30 March Retrieved 20 May The agreement positions Dow as an official Worldwide Olympic Partner and the official Chemistry company for the Olympic Movement through to S Chemical Safety Board.
United States Securities and Exchange Commission. Retrieved December 1, Office of the Commissioner of Lobbying of Canada. Archived from the original on December 22, Archived from the original on October 18, The Sign of Inspiration for Muslim Youth".
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DuPont is the world's largest producer of the white pigment used to make a range of white-tinted products, including paper, paint and plastics.
Another defendant in the case, Tze Chao, pleaded guilty to conspiracy to commit economic espionage at a separate court hearing on Thursday. Chao, who worked as a chemical engineer for DuPont for over 35 years, acknowledged that he kept confidential company information when he left.
John Potter, an attorney for Pangang, declined to comment. Cousins agreed to release Chao without bail. An attorney for Chao declined to comment. Prosecutors detailed Liew's alleged links with the Chinese government in a court filing last month. They named, as one of the Chinese representatives who once met with him, a high-ranking Communist Party official who later became a member of the Politburo. The Pangang Group is based in Panzhihua city in the far south of China's Sichuan province and is western China's largest steelmaker.
The case is United States of America vs. Walter Liew, Christina Liew et al. At the center of the case is Walter Liew, the owner of an now-defunct Oakland, California-based company who had contracts with state-owned Pangang.
As far back as , Maegerle gave Liew secret information from Wilmington, Delaware-based DuPont, including trade secrets about the process and equipment needed to design a plant to make titanium dioxide, known as Ti02, prosecutors said in the indictment.
New Plant Maegerle, Liew and a former DuPont employee, Tze Chao, provided information to Pangang in for the design and construction of a new plant in China to make , metric tons of titanium dioxide a year, prosecutors said.
After DuPont filed a trade-secret lawsuit against Liew, Maegerle gave the Californian information for responding to the case which falsely stated that nothing from DuPont was used by Liew, according to prosecutors. In addition to the conspiracy count, Maegerle is charged with attempted theft of trade secrets, aiding and abetting and conspiring to tamper with witnesses and evidence. Liew, his wife, Christina, Pangang and three subsidiaries have also been charged.
He has been in prison in Oakland since his arrest in July. Christina Liew, charged with conspiracy, possession of trade secrets and witness tampering, pleaded not guilty today. Pangang plans to seek dismissal of the charges against it on grounds that the U. A hearing on that matter was scheduled for June 7. The case is U. Our new investment in Saudi Arabia will deliver the solutions our regional customers want, without compromising on cost or sustainability profile.
Through its mission of collaboration, inspiration, innovation and growth, the business provides material products, science, technology, and manufacturing solutions to the architectural and industrial coatings industry worldwide. The new facility is the latest in a series of investments to be announced by Dow in Saudi Arabia.
In July , Dow and Saudi Aramco announced an agreement to form Sadara Chemical Company , a joint venture to build and operate a world-scale, fully integrated chemicals complex in Jubail Industrial City, Saudi Arabia. For more information please visit http: In , Dow and Saudi Aramco formed a joint venture, Sadara, to build, own and operate a world-scale, fully-integrated chemicals complex in Jubail Industrial City, Kingdom of Saudi Arabia.
April 02, Dow. In addition to these closures, Dow will consolidate certain other assets in its Polyurethanes and Epoxy businesses, optimizing their operations while remaining focused on meeting customer needs and sourcing through non-impacted assets. These actions are expected to take place over the next two years. The new ethylene production facility at Dow Texas Operations will employ up to 2, workers at its construction peak.
Constructing this new ethylene cracker at Dow Texas Operations will create a long-term advantage for our downstream businesses and for our Company as a whole, and the benefits will accrue not only to Dow but to the state and national economy.
This plan represents a game-changing move to strengthen the competitiveness of our high-margin, high-growth derivatives businesses as we continue to capture growth in the Americas. With 4, employees and 3, contractors on site daily, Dow Texas Operations currently manufactures 44 percent of Dow products sold in the United States and more than 20 percent of Dow products sold globally.
Gulf Coast investment plan are moving forward according to schedule. The new ethylene production unit project is currently on track for start-up in , and Dow continues to develop feedstock supply arrangements for this new asset. Previously, the public information shows that the complex including 3. The new products portfolio includes 23 units of 3 zones, namely: Hydrocarbon HC zone, including 8 units: Basic plastic chemical BPC zone, including 5 units: The total capacity is about 1.
Performance plastic chemical PPC zone, including 10 units: The construction period of Dow-Shenhua Yulin complex is from to According to the major projects investment regulations of Chinese Government, before the project officially started construction, it also need to obtain the environmental approval from MEP, and the final approval from the National Development and Reform Commission NDRC.
These actions will result in a net reduction of approximately 2, positions , or five percent of the global workforce. The restructuring also includes the shutdown of approximately 20 manufacturing facilities. In addition, Dow will further reduce capital spending and investments for targeted growth programs that are no longer a priority in this environment. The interventions we are announcing today represent the next phase in our path to driving efficiency and prioritizing our growth programs.
Importantly, we will continue funding projects where differentiation is rewarded even in this environment and where margin expansion opportunities are clear — for example in Dow AgroSciences, Dow Electronic Materials, and our Sadara and U. The manufacturing site will be located on the U. Gulf Coast; Dow is currently assessing location options. Gulf coast and will connect the Company's U.
End-use applications for NORDEL IP include automotive weather-stripping, automotive hoses and belts, building profiles, roofing membranes, footwear and general rubber products.
December 06, Dow Chemical: Competitiveness The Dow Chemical Company today issued the following statement: Manufacturing is the largest user of natural gas in the U. The value of every unit of energy used by the manufacturing sector is multiplied by as many as 20 times from the production of thousands of high value products though the value chain. Compare this to the 1-time value created by exporting energy as liquefied natural gas. Furthermore, for every manufacturing job created on the factory floor more are created in the larger economy.
Unfortunately, policy makers have been given a flawed report that overlooks vital dynamics, including a manufacturing renaissance that is already underway and much needed by this country. The Olefins 2 plant at St. Charles Operations near Hahnville, Louisiana, began producing ethylene on Dec. The plant was closed in January Dow had said it would be reopened by Dec. Gulf Coast to boost ethylene and propylene capacity through because of cheap gas, used as a raw material and to power plants.
Hydraulic fracturing of shale rock formations caused a glut of gas supplies and sent prices to a decade low in April. Ethylene and propylene are used to make plastics for packaging, autoparts and carpets, among hundreds of uses. Dow, which made equity investments in NuvoSun over a 3-year period, closed the purchase of the startup on Feb. She declined to disclose the purchase price.
Greentech Media first reported the acquisition on Wednesday. I wrote about the first Dow solar shingle installation in California last summer. NuvoSun's mission is to redefine the cost point for PV cells and modules and to become the lowest cost producer of these products by This will be achieved by addressing cost across the complete product design and production process: Dow hopes to attract homeowners who need to replace their roofs and want to use clean power at the same time.
In some cases, homeowners who have high utility bills — because they use a lot of power and are billed at higher rates than people with lower monthly electricity use — may save money over time by going solar.
The looks of the solar shingles may also be a selling point. Conventional solar panels require racks to prop them up, and the color of the solar cells is usually different than the color of the roof. Whether solar shingles will become popular remains to be seen. The price of conventional solar panels is declining because more manufacturers entered the market in recent years and competition became more intense.
The compound and the manufacturing process involved make it possible to create ultra thin and flexible solar cells. Silicon solar cells are thicker and prone to breakage if they are not protected by glass. Pearce started another solar company before NuvoSun, and that company, MiaSole, has since been sold to China-based Hanergy. Dow had invested in the firm in early According to sources close to the deal, NuvoSun is now a wholly owned subsidiary of Dow Chemical.
Dow has not yet responded to our inquiries. Solar shingles would seem to be a natural fit for the BIPV concept, but reliability, craft, and interconnection issues are still obstacles to widespread deployment on new or rebuilt rooftops. Will a thin-film solar startup ever be able to get to market and commercial scale without partnering with an established manufacturing and technology company?
The once sizable population of standalone CIGS aspirants continues to dwindle as companies fail or as early-stage firms are forced to consolidate with much larger partners. Dow Makes Third Investment in U. Chief Executive Officer David Pearce confirmed the investment in a telephone interview.
Dow representatives did not return phone messages seeking additional comment. NuvoSun last year opened a megawatt production facility in Milpitas, California, using funds acquired in September from Dow and Pearce. Further, the Company has identified two units that will be actively marketed for divestment: In January, the Company divested the stabilizers component of its Plastics Additives business, and entered into a definitive agreement to sell its 50 percent ownership in Nippon Unicar Company Limited a Japanese joint venture in the Dow Electrical and Telecommunications business.
About Dow Plastics Additives Dow Plastics Additives is a worldwide supplier of additives used in a large variety of applications ranging from construction materials and packaging containers to consumer appliances and electronics, business machines and automotive parts.
March 18, Dow. Dow Progresses its U. Collectively, Dow expects the new Performance Plastics facilities will employ up to 3, workers at construction peak. Gulf Coast investment plan, will employ approximately 5, workers during peak construction and support over 35, jobs in the broader U. This, coupled with an enhanced market and value chain focus in our high value Performance Plastics franchise, will deliver faster growth with lower earnings volatility. The new capacity will be targeted at projected growth in North and South America in addition to select export opportunities over the coming decade.
Dow is currently exploring specific location options on the U. Gulf Coast, with final investment locations to be determined at a later date. Specific production units include the following: These new units will utilize building block materials from a new, previously announced ethylene production facility slated for start-up in Dow Progresses Comprehensive U.
Gulf Coast investment strategy are moving forward according to schedule. Construction work for a new propylene production facility at Dow Texas Operations commenced in January , and the project is on track towards a scheduled start-up in Plans to construct a new, world-scale ethylene facility at Dow Texas Operations are progressing in alignment with Company targets.
In addition, an ethylene production unit at Dow St. Charles Operations successfully restarted in December , meeting Company targets to re-start the plant by year-end Dow also announced today an initial agreement for a long-term ethylene off-take arrangement with a new joint venture to be formed between Idemitsu Kosan Co.
Idemitsu and Mitsui will form the joint venture to construct and operate a world-scale, Linear Alpha Olefins unit on the U. District Judge John W. Damages were tripled under U. Dow said in a statement it will appeal. At the heart of the suit were urethane-based products used in the automotive, construction, appliance and furniture industries.
Dow denied the price-fixing allegations, maintaining there were legitimate business reasons for the evidence the plaintiffs cited as proof of their claims.
Justice Department probe into the matter was closed in with no charges being filed, Bentley said. The company also contended Lungstrum erred in not decertifiying the purchaser class based on a March U. In that case, involving cable-television service provider Comcast Corp. The expert, James McClave, testified to a causal link between the single price-fixing conspiracy alleged at trial and the impact on the plaintiffs, according to the judge. In addition, Dow is examining other ways to reduce high-cost instruments from its balance sheet.
These actions will effectively restore our net debt to capital ratios to precrisis levels, as we continue to review additional means to reduce our financing costs. Details Regarding the Redemption of the 5. July 12, AFP S. Korea court orders US firms to pay up over Agent Orange South Korea's highest court on Friday upheld a ruling ordering two US Agent Orange makers to compensate 39 Vietnam War veterans , while sending another decision back to a lower court for review.
Payment is now up to the US firms, but Dow Chemical said in a statement quoted by Yonhap news agency that it disagreed with the Supreme Court's decision, arguing that the verdict was not backed by clear evidence , citing US court rulings. The South Korean court also sent back an appeals court verdict that the two firms should compensate thousands of other veterans who claimed to have similarly suffered from exposure to defoliants used during the Vietnam War. But the Supreme Court, in its ruling on Friday, sent the case back to the appeals court for further review.
South Korea sent some , troops to fight alongside the United States and southern Vietnamese forces during the war. US forces widely sprayed Agent Orange, which contained the lethal chemical dioxin, in Vietnam during the conflict to deprive enemy guerrillas of forest cover and destroy food crops. Veterans in South Korea estimate the number of Korean victims of the chemicals at about , Many insisted they were suffering from various ailments associated with exposure to the powerful herbicide.
Vietnam says millions of its people have died or suffered from direct or second-generation disabilities as a result of the use of Agent Orange. Washington has never accepted responsibility for the Vietnamese government's claim. The KTA plant is expected to start up in and will produce homopolymers, random copolymers and impact copolymers.
The units in question are industrial paint, building products outside North America and chlorine derivatives. During the conference call that followed the release of Dow's second-quarter financial results, Liveris said that the three businesses were performing below expectations as competition squeezed profit margins.
As he put it, "more dramatic interventions" were called for in an economy where growth is hard to achieve. A sale would be fine but Dow is also looking at possible joint ventures. The news agency also reminded that Dow had already announced plans to dispose of three other units by the end of this year: These businesses have combined revenues of USD1.
The Dow Chemical Company Type: These materials deliver stronger bonding in hot melt packaging adhesives. The transaction is expected to close by the end of , pending regulatory clearance. We are planning further proactive divestments in the next 12 months in our relentless pursuit of rewarding shareholders.
Approximately 90 employees globally are expected to transition employment status to W. Under terms of the purchase agreement, W. This acquisition strengthens our ability to provide polypropylene catalyst solutions to our customers around the world. Grace is a leading global supplier of catalysts; engineered and packaging materials; and, specialty construction chemicals and building materials.
Grace Catalysts Technologies We manufacture specialty catalysts and related products used in chemical manufacturing applications.
Our products include petroleum refining catalysts and additives, and catalyst systems that support the petrochemical industry. Grace Construction Products We provide specialty construction chemicals and specialty building materials, as well as systems and services that strengthen, enhance and protect structures.
Its products include hydroprocessing catalysts that are used in process reactors to upgrade heavy oils into lighter, more useful products by removing impurities such as nitrogen, sulfur and heavy metals, allowing less expensive feedstocks to be used in the petroleum refining.
Further, they are coupled with businesses that command industry-leading positions with world-scale assets and global capabilities. In addition to these separation actions, the Company also announced that it will shut down approximately , tons of chlorine and caustic equivalent capacity in Freeport, Texas. The capacity being shut down will be replaced with supply from new facilities that will come online with the start-up of the Dow Mitsui joint venture in early In addition, the following leaders with strong experience in the chlorine value chain will lead the carved out businesses, optimizing operations and ensuring business success in anticipation of transaction: These transactions can be in pieces or on the whole of the announced scope.
Voltas is India's largest air conditioning company, and one of the world's premier engineering solutions providers and project specialists. The proposed new company - ' Voltas Water Solutions Pvt. The entity's operations would include designing, procuring, testing, marketing, selling and servicing of such standard water treatment systems and waste water treatment systems. The water and waste water treatment marker targeted by the new company is largely catered to today, by unorganized players.
The new joint venture will provide a branded and differentiated product line, with a focus on quality and service delivery. Water treatment has significant business potential in India, and Voltas is an ideal partner with a strong brand reputation, and a wide-spread sales and service network. As part of our long-term strategy, we intend to establish the joint venture, to fully exploit the untapped potential of the Indian market. This joint venture is a significant step towards further strengthening our position in mid-market water systems in India.
With its unrivalled know-how and technological leadership in the water treatment space, the partnership, will help Voltage Water Solutions cater to the growing water treatment requirements of the India subcontinent.
The partnership will simultaneously leverage the brand and distribution strength of Voltas, along with the technology prowess of the water and process solutions divisions of the Dow Group. We will work towards establishing the joint venture as a leading provider of water treatment solutions. In addition, Dow will market the caustic soda on behalf of the joint venture. Fitterling, Dow executive vice president.
As previously announced in December, , this new world scale facility will replace KTA of older capacity on the site. Gulf Coast investments in Texas and Louisiana will employ 5, workers during peak construction.
The projects announced for the Freeport site represent the majority of those workers, with 4, required for construction of multiple feedstocks, derivatives and supporting infrastructure projects. Sep 25, Reuters.
Dow Chemical launches sale of chlorine and epoxy units -sources. Dow Chemical Co has kicked off a process to sell its epoxy and chlorine businesses , hoping to find a single buyer for them in what is set to be a multibillion-dollar deal, according to people familiar with the matter. The Midland, Michigan-based company has hired Goldman Sachs Group Inc and Barclays Plc to manage the process, the people said this week, adding that calls to potential buyers began this week.
The value of assets is not yet clear. It will depend on if and how they will be carved out of their contractual arrangements and the tax implications of their separation, the people cautioned. Logical buyers might include companies in the sector such as Axiall Corp and Westlake Chemical Corp , as well as private equity firms experienced in chemicals such as Apollo Global Management LLC , the people said. Representatives for Axiall and Westlake did not respond to requests for comment, while Apollo declined to comment.
A Dow representative confirmed that the company was moving forward with the sale of its U. Gulf Coast chlor-alkali and chlor-vinyl, global chlorinated organics, global epoxy, and brine and energy operations and supporting assets in Freeport, Texas, and Plaquemine, Louisiana.
Goldman Sachs and Barclays declined to comment. Dow, which makes everything from insecticides to plastics, had previously said these and other units were earmarked for sale as part of an effort to divest several billion dollars worth of non-core assets by Despite these commitments to sell assets, activist investor Daniel Loeb's hedge fund Third Point in January urged the separation of Dow's commoditized raw materials businesses from its specialty chemicals operations.
Dow has rejected the demands, arguing that keeping the businesses together helps curb costs. Last year, Dow agreed to sell its polypropylene licensing and catalysts business to smaller peer W. The court of appeals in Denver, Colo. Monday backed a jury's May judgment in a class-action suit which alleged that between and Dow, BASF, Huntsman International and Bayer rigged prices for polyurethane products, harming buyers.
Polyurethane is used in consumer and industrial components such as mattress foams, insulation and footwear. The court cited evidence at trial that included an admission of a price-fixing conspiracy by a Dow official. Another key witness, from Bayer, described "inappropriate" conversations with competitors and testified that he would take unusual steps to conceal talks, such as using pay phones or meeting with competitors at coffee shops or hotels, the ruling said.
Dow sharply criticized the judgment, saying the matter was "thoroughly investigated" by the Justice Department and did not result in U. Supreme Court limits on class actions did not require Dow customers to sue individually, even if some could have avoided price hikes by negotiating or using rival products. Dow is "extremely disappointed" in the decision and will appeal, including to the Supreme Court if necessary, the Midland, Michigan-based company said in a statement on Tuesday.
Progress against Divestiture Targets. The Company expects to complete signing of these transactions by year-end , and close in early At ANGUS, we manufacture four basic nitroalkanes - nitromethane, nitroethane, 1-nitropropane, and 2-nitropropane.
AgroFresh is a fast growing company dedicated to working with customers internationally to apply the benefits of its products and services, including its award-winning 1-MCP 1-Methylcyclopropene based technologies that suppress ethylene development and its degrading effects on produce. Dow also continues to make solid progress on the planned carve-out of its U. Dow is now actively working to stand up the carve-out within a separate structure, with more details forthcoming.
The carve-out is receiving strong interest from the market and firm indications of interest are expected before year end, with signed agreements expected in early 2Q In all cases, transaction options will be examined to ensure Dow generates maximum value for the businesses and its shareholders. The first such step is with Univation.
This transaction will result in Univation Technologies becoming a wholly-owned subsidiary of Dow. More details are forthcoming by year-end This transaction will result in Univation Technologies becoming a wholly-owned subsidiary of Dow aligned to its Performance Plastics operating segment.
Additionally, Univation Technologies will continue to develop and supply all catalysts, including: The transaction is expected to close by the end of , pending regulatory approval. Dow and ExxonMobil are committed to working closely together to ensure a seamless transition for all stakeholders.
When applied to exterior roof surfaces, cool roofs coatings help reduce the amount of air conditioning required in hot climates by reflecting solar heat rather than absorbing.
The new product is a water based acrylic polymer which was designed specifically for the conditions in the Middle East of extreme warm temperatures, sun and dust. It is the latest development from Dow Construction Chemicals which has years of experience in developing products for elastomeric roof coatings. Dow had previously announced its intent to divest this business on Oct. Approximately employee positions globally are expected to transition employment status as ANGUS moves to being owned by Golden Gate Capital as part of the transaction.
Under terms of the purchase agreement, ANGUS will continue to honor customer, licensing and supplier contracts and related agreements. Dow is committed to working with Golden Gate Capital for a seamless transition of this business for all stakeholders. Both transactions are expected to close in the first quarter of pending regulatory approvals. Dow had previously announced its intent to divest its Sodium Borohydride business on Oct.
Approximately 75 employees globally are expected to transition employment status to Vertellus as part of the transaction. Under the terms of the purchase agreement, Vertellus will honor customer and supplier contracts and related agreements.
The sale of the Findlay plant includes assets and technology that produce a wide-variety of polyolefin films. In September , Dow decided to close the facility at the end of January , impacting approximately 70 employees.
Valfilm intends to restart the facility in February The transaction is dependent on the final approval for all incentives by the State of Ohio. It is indeed a pleasure to support our customers in the development of extraordinary display applications. Dow AgroSciences continues to be one of the largest and fastest growing soybean seed companies in the world. The objective is to increase market share in soybean seeds in the short term.
It is expected that the current operational structure of Coodetec will be maintained. The completion of the transaction is estimated for the fourth quarter of Brazil is one of Dow AgroSciences' priority markets and the Seeds business is of increasing importance for the company in the country.
As a direct result, Dow is the first company in the U. As one of the largest industrial energy consumers in the world, Dow has consistently been on the forefront of new energy technology improvements. Dow is on track to meet its renewable energy goal as part of its Sustainability Goal commitments.
It is highly complementary to the strategic objectives of both companies, with significant potential to enhance value for both Dow and Olin shareholders, and create substantial benefits for customers. The terms of the agreement call for Dow to separate its U. The merger will result in Dow shareholders receiving approximately Expected cost synergies of the transaction include network optimization which will facilitate output expansion, significant logistics savings and benefits, and the potential for expansion of existing products produced by Olin and Dow into additional geographies and to additional customers.
The transaction is subject to a vote by Olin shareholders and is expected to close by year-end In a separate, arms-length transaction, Dow and Olin agreed to a year long-term capacity rights agreement for the supply of ethylene by Dow to Olin, in which Dow will receive up-front payments and, in return, Olin will receive ethylene at co-investor, integrated producer economics.
The agreement is additive to the financials outlined above for the chlorine value chain transaction. Gulf Coast to be a sustainable, integrated chlor-vinyl producer. It will create scale benefits to Dow, and Olin will contribute significant capital for these rights. Together, both Dow and Olin will benefit from long-term, sustainable physical integration, which is key to the ongoing sustainable growth of both companies. This achievement will allow us to have an ongoing focus to continue to enhance shareholder remuneration, reduce debt and continue to invest in future growth in our high priority and high margin businesses.
We are excited to combine the strengths of our businesses and capitalize on the significant opportunities inherent in this transaction. Dow will be an important anchor customer of Olin as it works to grow the acquired business. Olin will have a strong capital structure and cash flow to support growth and return of capital to shareholders. It will employ approximately 6, employees at 29 operating sites in 9 countries.
Olin will continue to be led by Rupp and a senior management team comprised of both Dow and Olin current employees. The transaction is subject to approval by Olin shareholders and completion of customary closing conditions, including relevant tax authority rulings and regulatory approvals. The Dow Chemical Company announced today that it has signed a definitive agreement under which AgroFresh, its post-harvest specialty chemical business, will be acquired by Boulevard Acquisition Corp.
An affiliate of Avenue has provided incremental capital commitments and Boulevard expects to take certain steps to help ensure both the successful closing and the future growth of AgroFresh. The retention of a minority interest in AgroFresh, however, allows Dow to participate in the growth prospects of the business while unlocking a majority share of value for our shareholders.
Upon closing, AgroFresh will become a subsidiary of Boulevard, a stand-alone public company in which Dow will retain a non-consolidated minority ownership position. It will be positioned to grow both through its existing innovative processes and through future investments and acquisitions.
AgroFresh is a global industry leader in advanced proprietary technologies for the horticultural and agronomic markets. It offers an innovative portfolio of products and services that enhance the freshness, quality and value of fresh produce.
SmartFresh is currently commercialized in 45 countries worldwide. Dow had previously announced its intent to divest AgroFresh on Oct. Dow is committed to working with Boulevard to ensure a seamless transition of this business for all stakeholders. The Opt-Out litigation represents claims from purchasers who elected not to be class members in the previously settled Urethanes Class Action matter. Based on the risk assessment and potential outcomes, Dow believes this settlement is the right decision for the company and its shareholders.
Although Dow is settling this case, it maintains its position consistent with the position in the class action that the Company never agreed with its competitors to fix polyurethane prices at any time.
In fact, Dow cooperated with an extensive investigation by the U. Department of Justice, which closed its investigation in without taking any or proposing any action against Dow. The Company and its employees are and have always been committed to ethical, lawful conduct and business practices world-wide. The MFC is one of 26 manufacturing assets being built at the complex in Jubail Industrial City II, the largest of its kind ever built in a single phase.
The complex has already commissioned two polyethylene trains, qualifying 25 products to date and shipping PE to nearly customers in more than 25 countries. Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced that it will expand capacity for Solution-Styrene Butadiene Rubber S-SBR.
This increased investment is a direct response to rising customer demand for this critical technology, which is a key component in increasing energy efficiency, safety and durability in performance tires.
This additional capacity is expected to be online in January Speaking of the young, eager and talented Saudi workforce, Liveris said: Because even this historic inauguration is just the beginning… the foundation for a bold vision — of a vibrant society, a thriving economy, and an ambitious nation at the intersections of three continents. It is a vision that we all share, and one that we all must help fulfill in the decades to come. The complex possesses flexible cracking capabilities and will produce more than 3 million metric tons of high-value performance plastics and specialty chemical products, capitalizing on rapidly growing markets such as transportation, infrastructure, packaging and consumer products.
The complex has started its Mixed Feed Cracker and commissioned three polyethylene trains, qualifying 25 products to date and shipping polyethylene to nearly customers in more than 25 countries. Dow has been investing in Saudi Arabia for more than 40 years, is the largest foreign investor and currently has more than employees in the country. Completed in , the asset manufactures downstream products for local and regional markets. The partnership manufactures and sells latex specifically designed for the coatings industry.
Located in the PlasChem Park in Jubail, the coatings facility will service the needs of the Saudi Arabian market with an innovative range of acrylic-based polymers for industrial and architectural coatings and water-treatment and detergent applications.
The investment will create approximately 1, jobs during peak construction and approximately high-skilled, full-time operations jobs in the Kingdom, ultimately growing local manufacturing and sustainable economic growth. The proposed silicones investment will include constructing a fully integrated, world-scale siloxanes and high performance silicones complex geared towards markets and industries such as home and personal care, automotive, high performance building and construction, solar energy, medical devices, and oil and gas.
When complete the complex will support the economic impact of KSA through the creation of approximately full-time, technology-skilled jobs. This move will serve to further integrate the former Dow Corning silicones business into Dow, and will accelerate the development of new hybrid materials which will be unique, technology rich solutions for regional-specific needs.
Upon completion, the Jeddah Tower will be the tallest building in the world and will utilize state-of-the-art silicones technology from Dow to realize its futuristic architectural design. Sadara has completed construction on all of its 26 manufacturing units with 19 units either in operating or start up mode. And all remaining units are on track for a sequenced start-up throughout to meet rising demand in Asia, Africa, the Middle East, India, and Eastern Europe.
The dispute centred around the operation of a production facility in Joffre known as E3. E3 started operating in as a joint venture, with Nova running the facility. Dow Canada alleged breach of contract over the E3 joint venture agreements, claimed that Nova took part of the ethylene and other products that belonged to Dow and failed to run the facility at full production.
Nova said it faced an ethane shortage and ran the facility as full as it could subject to mechanical issues that constrained production. She also said Dow showed that Nova failed to operate E3 to maximize production and that the facility had more capacity than Nova submitted at trial. Jenn Nanz, a spokeswoman for Nova Chemicals, said the corporation will appeal within 30 days.
Gulf Coast, which closed on May Ethylene is the building block for a range of chemicals from plastics to antifreeze solutions and solvents. The Dow Chemical Company announced today that its Board of Directors has authorized capital to finalize detailed engineering and purchase long lead-time equipment for a new, world-scale propylene production facility to be constructed at Dow Texas Operations. Dow Coating Materials announces plans to invest in world-class coatings manufacturing plant in Jubail Plant to manufacture coatings solutions for growing domestic and export markets.
Dow Coating Materials is the premier supplier of products and technologies to architectural and industrial coatings manufacturers. The planned facility, which will be located at the Jubail Industrial City, will manufacture a wide range of coating materials for both the Kingdom and export markets worldwide. The scope includes approximately 40 manufacturing facilities at 11 sites, and nearly 2, employees.
Assets included in this carve-out are: On June 30, The Dow Chemical Company will begin construction of its previously announced world-scale ethylene production facility, representing a prominent milestone in delivering on its strategy to invest in its performance-based portfolio of technology-enabled businesses. The transaction is expected to close during the first quarter of , subject to completion of customary regulatory filings.
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