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US Dow Chemical speeds up divestments, targets $1bn in proceeds

posted Mar 21, 2013, 4:45 AM by Jignesh Ajmera   [ updated Mar 25, 2013, 4:50 AM ]
14 March 2013 13:56  [Source: ICIS news]
HOUSTON (ICIS)--Dow Chemical is speeding up its divestment programme, targeting more than $1bn (€770m) in proceeds from divestments, the US-based chemicals major said on Thursday.
The divestments will include Dow’s polypropylene (PP) licensing and catalysts business unit and its plastics additives business unit, it said.
In December last year, Dow had announced it was seeking to divest businesses with revenues of around $1bn over 12 months.