Dow to retain chlorine links to polyurethanes after spinoff

URETHANES TECHNOLOGY INTERNATIONAL

Published: December 6, 2013 9:13 am ET
Updated: December 6, 2013 9:15 am ET

Related to this story

Topics Materials, Materials Suppliers
Companies & Associations Dow Chemical Co.

MIDLAND, MICH. — Dow Chemical Corp. will maintain integration benefits between its polyurethane and chlorine business, which is to be carved out of Dow, according to Glenn Wright, business president, Dow Polyurethanes, Systems.

Chlorine is an important precursor chemical used to make phosgene, which is used to produce isocyanates.

“In North America maintaining our integration benefit will be a critical priority,” Wright said in a statement. “We anticipate there will be multiple supply and purchase arrangements between these units and Dow, given the high degree of integration.”

Speaking at an investor conference call, Andrew Liveris, president, chairman & CEO, Dow Chemical, said: “Our market choices have dramatically changed our chlorine integration needs, and we are aligning our integration needs for our strategic, downstream franchises such as polyurethanes.

“While our polyurethanes and AgroSciences franchises have experienced positive growth at 7 percent CAGR (compound annual growth rate) since 2006, their chlorine footprint has remained flat due new technology, asset optimization and new product,” Liveris said.

“Dow is committed to its current polyurethane business and optimistic about its ability to generate return on capital,” Wright said.

Dow announced the plan to separate its chlorine business on Dec. 2.


Comments

Dow to retain chlorine links to polyurethanes after spinoff

URETHANES TECHNOLOGY INTERNATIONAL

Published: December 6, 2013 9:13 am ET
Updated: December 6, 2013 9:15 am ET

Post Your Comments


Back to story


More stories

Image

BASF targets coffee and automotive connoisseurs with new resin grades

October 21, 2014 2:07 pm ET

BASF SE is using polybutylene terephthalate (PBT), which is normally used to manufacture high-end electronics, in a food consumer packaging product.    More

Materials firm realigns business divisions

October 20, 2014 1:23 pm ET

Trinseo S.A., formerly known as Styron L.L.C., is realigning its business divisions, creating two new business groups — Performance Materials...    More

Image

Corbion Purac collaboration taking bioplastics into even more uses

October 17, 2014 6:00 am ET

Corbion Purac NV's collaboration with Taiwan-headquartered compounder Supla Co. Ltd. and Taiwan electronics producer Kuender & Co. is paying...    More

Image

Momentive gearing up for some timely LSR sales

October 17, 2014 10:58 am ET

Momentive Performance Materials Inc. has plenty of time for customers at Fakuma — thanks to colorful new watchbands made with the firm's fiber-...    More

Image

Evonik sees clear growth opportunities with new Plexiglas Resist resin

October 17, 2014 6:00 am ET

Evonik Industries AG presented a new specialty molding compound during Fakuma in Friedrichshafen with which it plans to exploit the growing demand for...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events