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

Asahi Kasei breaks ground on Alabama compounding plant

September 29, 2014 5:39 pm ET

Asahi Kasei Plastics North America will be able to solve two problems at once with a new compounding plant in Athens, Ala.    More

Image

DuPont shifting Teflon production in China

September 29, 2014 2:35 pm ET

DuPont Co. will spend more than $15 million to improve its fluoropolymer product offerings in China.    More

Image

Sale of PVC maker Oltchim still in limbo

September 29, 2014 10:25 am ET

Fresh attempts to privatize insolvent Romanian PVC producer Oltchim SA have met with new obstacles as the European Union questioned the Romanian...    More

Image

LyondellBasell considering another ethylene expansion

September 25, 2014 1:30 pm ET

Materials giant LyondellBasell Industries — with three ethylene expansions already on the board — is contemplating a fourth.    More

Image

PE, PVC prices rise, PS on the decline

September 24, 2014 4:16 pm ET

North American commodity resin prices bounced around in September, with regional polyethylene and PVC prices increasing while prices for solid polysty...    More

Market Reports

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 industry analysis highlights macro industry trends and micro trends faced by companies that do business in Mexico. The report also provides key industry statistics and forecasts to anticipate future industry expansion.

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

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

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