Recent articles about The Dow Chemical Company, worldwide. 

Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. 

In 2013, Dow had annual sales of approximately $57 billion and employed approximately 57,000 people worldwide. The Company's more than 6,000 products are manufactured at 201 sites in 36 countries across the globe. More information about Dow can be found at www.dow.com.

Olympic Partnership: Dow is The Official Chemistry Company and a Worldwide Partner of the Olympic Games since 2010. Dow is in a unique position to provide innovative and more sustainable solutions that improve the Olympic experience for host territories, athletes and fans everywhere - on the field of play and in our day-to-day lives.

Dow Chemical, DuPont Set Date for Merger Completion

posted Aug 8, 2017, 1:05 AM by Jignesh Ajmera   [ updated Aug 8, 2017, 1:06 AM ]

Dow Chemical DOW and DuPont DD said that they have received all required regulatory approvals and clearances for their planned mega-merger. The companies expect their 'merger of equals' to complete after the market closes on Aug 31. 

Shares of both the companies will cease trading at the close of the NYSE on Aug 31. Moreover, shares of the new combined entity, "DowDuPont" will start trading on the NYSE under the ticker symbol "DWDP" on Sep 1. 

Following the completion of the merger, the combined entity would eventually break up into three independent companies through tax-free spin-offs. The planned breakup is still expected to take place within 18 months after the completion of the deal. 

The merger is projected to deliver cost synergies of around $3 billion and growth synergies of roughly $1 billion. 

Dow's shares gained 19.6% over the past year, modestly underperforming the 20.3% gain of the industry it belongs to.

Read more: http://www.nasdaq.com/article/dow-chemical-dupont-set-date-for-merger-completion-cm827896

Dow Celebrates its 50,000th Habitat for Humanity Home

posted Aug 19, 2016, 3:05 AM by Chimanlal Maganlal & Co.   [ updated Aug 19, 2016, 3:05 AM ]

MIDLAND, Mich.--(BUSINESS WIRE)--For 34 years, The Dow Chemical Company (NYSE: DOW) has partnered with Habitat for Humanity to help families around the world obtain decent, affordable housing. The Company is celebrating the 50,000th Habitat home that it has supported through product or volunteer contributions.

“We are humbled to collaborate with Habitat for the 34th year and to share our passion, talents and building expertise with 50,000 families across the globe.”

For this milestone build, Dow is partnering with Saginaw-Shiawassee Habitat for Humanity to build a new home in Freeland, Mich. From August 18 to September 9, Dow volunteers will work alongside the future homeowners, who have been working diligently with Habitat for several years to make their dreams of homeownership a reality.

Volunteers from Freeland area churches and Thrivent Financial will also lend a helping hand on the project.

Dow Chemical to take full control of JV with Corning

posted Dec 17, 2015, 12:42 AM by Chimanlal Maganlal & Co.   [ updated Dec 17, 2015, 12:42 AM ]

Seeds and chemical maker Dow Chemical Co (DOW.N) said it would assume full control of Dow Corning, its joint-venture with Gorilla glass maker Corning Inc (GLW.N).

Corning said it will swap its stake in Dow Corning for $4.8 billion in cash and a stake in chip company Hemlock Semiconductor Group, a venture of Dow Corning.

Formed in 1943, the 50-50 joint venture between the two companies produces silicon-based products for aerospace, automotive and electrical industries.

The transaction is expected to yield more than $1 billion in additional annual EBITDA at full run-rate synergies, Dow Chemical said.

The announcement comes as Dow and rival DuPont (DD.N) agreed to merge in an all-stock deal on Friday, valuing the combined company at $130 billion.

Dow said in October it might buy Corning's stake in Dow Corning and restructure other JVs.

The transaction, expected to close in the first half of 2016, will help Dow capture $400 million in cost savings from the restructured ownership.

Dow and Corning will maintain their current equity stake in Hemlock, Shin-Etsu Handotai and Mitsubishi Materials Corp - and Norway's Renewable Energy.

Dow, DuPont merge into chemical giant

posted Dec 17, 2015, 12:39 AM by Chimanlal Maganlal & Co.   [ updated Dec 17, 2015, 12:40 AM ]

Dow Chemical and DuPont have agreed to merge in a $130 billion deal, the companies said on December 11. 

The deal, which is likely to face intense regulatory scrutiny, allows the new company - to be called DowDuPont - to rejig assets based on their diverging fortunes. 

About 18 and 24 months after a merger, DowDupont will be spun off into three independent, publicly traded companies-an agriculture company, a material science company, and a specialty products company, the statement said. 

"This merger makes so much strategic sense", said Jonas Oxgaard, an analyst with Sanford Bernstein, before the deal was officially announced. "They're not underperforming as companies, but there are things they could do better". "Each of these businesses will be able to allocate capital more effectively, apply its powerful innovation more productively, and extend its value-added products and solutions to more customers worldwide", said Edward D. Breen, chairman and chief executive officer of DuPont. 

Combined pro forma 2014 revenue for specialty products was approximately $13 billion. DowDuPont would be headquartered in Midland, Michigan, and Wilmington, Delaware. The transaction, the statement said, is expected to save $3 billion over the two years after the transaction is closed. 

The deal is expected to close in the second half of 2016, with the segmentation taking place up to two years later. DuPont expects to record a pretax charge of about $780 million, with approximately $650 million of employee separation costs. DuPont shareholders will receive 1.282 DowDuPont shares for each of their shares. 

YPF, Dow To Invest $500M In Argentina Shale In 2016

posted Dec 17, 2015, 12:33 AM by Chimanlal Maganlal & Co.   [ updated Dec 17, 2015, 12:33 AM ]

Updated Dec. 15, 2015 11:13 a.m. ET

BUENOS AIRES—Argentina’s state-run oil company, YPF SA, and Dow Argentina, the local unit of Dow Chemical Co., said Tuesday they will invest $500 million in 2016 to explore for shale gas.

The companies, which have already invested $350 million in a joint shale gas venture, said in a statement that total investment could reach $2.5 billion in coming years.

Dow Chemical, DuPont Said in Advanced Merger Talks

posted Dec 10, 2015, 12:20 AM by Chimanlal Maganlal & Co.

Dow Chemical and DuPont are said to be in late-stage talks to merge in what would be the largest deal in the chemical industry. Bloomberg's Aaron Kirchfeld examines the structure of the deal and what a combined company may look like on "Bloomberg Surveillance." 

Dow Chemical named 'Manufacturer of the Year' at summit

posted Jun 16, 2015, 1:37 AM by Jignesh Ajmera   [ updated Jun 16, 2015, 1:37 AM ]

The Dow Chemical Co. was named Manufacturer of the Year, large enterprise, at the 11th annual Manufacturing Leadership Summit, hosted by Frost & Sullivan, according to a company news release. 

The three-day event was attended by more than 100 companies, representing a wide range of industries including automotive, chemical, consumer goods, financial services and telecommunications. 

"In the presence of customers and competitors, Dow has been recognized as a leader in the manufacturing industry," Peter Holicki, corporate vice president of operations, said in a statement.

"We are in the midst of a new era of business operations. Today's ecosystem requires innovation and agility to succeed, and the Manufacturer of the Year award recognizes Dow is leading the way in these strategic imperatives."

Jim Fitterling, Dow vice chairman of business operations and featured keynote speaker at the summit, spoke on "The New Era of Collaboration" and the importance of partnering with one's customers.

Dow projects were recognized in the following three categories:

Operational Excellence Leadership
Big Data and Advanced Analytics Leadership  
Next Generation Leadership 

Read more: http://www.mlive.com/news/saginaw/index.ssf/2015/06/dow_chemical_named_manufacture.html

Dow To Become One Of The Largest Industrial Buyers Of Renewable Energy

posted Apr 16, 2015, 10:13 PM by Chimanlal Maganlal & Co.   [ updated Apr 16, 2015, 10:13 PM ]

As a part of Dow’s Energy Plan and its Sustainability Goals, The Dow Chemical Company (NYSE:DOW) has taken another step towards reducing its own carbon “footprint.” Marking milestone progress, Dow’s Energy business has signed a long-term agreement with a new wind farm, currently under development in South Texas by a subsidiary of Bordas Wind Energy, LLC, a joint venture between MAP® and Enerverse, LLC. The wind farm, to be complete in first quarter 2016, will span nearly 35,000 acres, and will supply Dow’s Freeport Texas Manufacturing facility with 200 MW of wind power annually, equivalent to the amount of electricity needed to power more than 55,000 homes. As a direct result, Dow is the first company in the U.S. to power a manufacturing site with renewable energy at this scale, and will become the third largest corporate purchaser of wind energy in the United States. 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 2025 renewable energy goal as part of its Sustainability Goal commitments.

“Dow is always looking for win-win solutions – good for the environment and good for business,” said Jim Fitterling, vice chairman of business operations at Dow. “By entering into this agreement, Dow is taking a serious approach to our future energy needs in Texas and cost-competitive wind energy is a great opportunity.”

“Adding large scale renewable energy to Dow's manufacturing process is just one smart move that we can make to secure a future of sustainability, growth, and long-term competitive advantage,” said Seth Roberts, global business director of the Energy and Climate Change portfolio at Dow. “This decision also serves as a systemic hedge against both energy and power price volatility, while improving our overall carbon footprint.”

This new wind deal results from Dow’s long-term COAT vision and strategy as outlined in the Dow Energy Plan, a four pillared, global approach to Energy and Sustainability:

Conserve by aggressively pursuing energy efficiency and conservation.
Optimize, increase and diversify domestic hydrocarbon resources.
Accelerate the development of cost effective clean energy alternatives.
Transition to a Sustainable Energy Future.
As a business and sustainability leader, Dow recognizes that today’s unprecedented challenges also represent a tremendous opportunity for those who dare to envision a different future. Under Dow’s Sustainability Goals, Dow commits to continuing to reduce our own footprint, including securing 400 MW of clean power by 2025.

Dow Chemical to Switch to Wind Power at its Freeport Site

posted Mar 17, 2015, 1:10 AM by Jignesh Ajmera   [ updated Mar 17, 2015, 1:11 AM ]

March 16, 2015 
The Dow Chemical Company has achieved another milestone in its goal of reducing its own carbon footprint. The company announced that its Energy business has signed a long-term agreement with a new wind farm in South Texas for the reduction of its carbon emissions. 

The farm is presently under construction by a subsidiary of Bordas Wind Energy, LLC - a joint venture between MAP and Enerverse, LLC. This venture is part of Dow's Energy Plan and its Sustainability Goals. 

The wind farm, which covers an area of about 35,000 acres, is expected to be completed by the first quarter of 2016. It will be responsible for supplying Dow's Freeport manufacturing site with annual wind energy of 200 MW, equal to electricity required for providing power to more than 55,000 homes. This development makes Dow the first company in the U.S. to use renewable energy to power a whole manufacturing unit and the third largest corporate buyer of wind energy in the U.S.

Shale Gas And Buffett's Billions Fuel Turnaround At Dow Chemical

posted Oct 16, 2014, 1:28 AM by Chimanlal Maganlal & Co.   [ updated Oct 16, 2014, 1:28 AM ]

Dow Chemical’s 7,000-acre complex on the Gulf Coast in Freeport, Tex., at the mouth of the Brazos River, is a sprawling monument to the shale gas revolution. The bustling site, surrounded by marshland and waterways, is crowned by a 360-foot propane dehydrogenization tower, which is crawling with construction workers and next year will start converting cheap propane from fracked natural gas wells into hundreds of thousands of tons a year of raw materials for everything from house paint to automotive epoxy.

(...)

Then came the shale boom, and suddenly petrochemicals were back in style. Dow shares have risen eightfold from their 2009 lows to a recent $50 per share, and now Liveris is pumping $5 billion into the company’s Gulf Coast petrochemicals operation.

“Things change,” says Liveris, 60, the son of Greek immigrants who speaks with the Australian accent of his youth and enjoys the occasional bottle of Mollydooker Shiraz blend. “We pivoted very fast.”

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