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

DSM planning North American nylon plant

July 22, 2014 11:41 am ET

Materials firm Royal DSM NV plans to build a new nylon resin plant in North America, but no decision has been made on the plant's exact location.    More

China launches investments in Belarus

July 21, 2014 10:10 am ET

China is preparing to invest in a major bottle grade PET production project planned by the Belarus PET and polyester fibers producer...    More

Image

Polynt, CCP create composite resins giant

July 18, 2014 10:13 am ET

France's Total SA has agreed to sell CCP Composites to Polynt Group SpA, based in Italy, for an undisclosed price.    More

Image

PET prices climb 2 cents

July 17, 2014 2:22 pm ET

After holding their ground in May, North American PET prices rebounded to show an average increase of 2 cents per pound in June.    More

Image

PolyOne closing 2 plants in Brazil

July 16, 2014 12:40 pm ET

Materials maker PolyOne Corp. is closing two of its four Brazilian plants in order to streamline operations and improve its financial performance in t...    More

Market Reports

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

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

More Events