Dow Chemical Co.
The job cuts and cost reduction will be "very targeted at lower-margin regions," Dow CFO Jeff Tate said. When asked if that included high-cost operations in Europe, Tate replied "that's a fair assumption."
Paul Oreffice's leadership of Dow led to a mixture of overviews following his death Dec. 26, with a headline in calling him "combative" to a remembrance of him as finding time to help others from the stepson of another former Dow executive.
The most significant move for Midland, Mich.-based Dow is the appointment of Karen Carter as the firm's chief operating officer, which is a new position at Dow.
Customers and consumers are looking for more circular solutions, which can require complex materials management systems and partnerships, according to two speakers from Dow Inc.'s packaging business.
Dow Inc. is on track to open a silicone rubber recycling operation next year in Paris, Ky.
The polyethylene film recycler has locations in Oklahoma and Alabama.
"I love the technology; I have a passion for it," Wendy Hoenig said. "And I worked really hard to find my niche. Between being able to understand what you are selling from a technology standpoint and the business value that can be created, that intersection was really where I worked and found my niche,"
In the first quarter, Midland, Mich.-based Dow had sales of almost $10.8 billion, down 9 percent vs. the same period in 2023.
Dow Inc. is moving forward with a $6.5 billion investment in sustainable materials — including polyethylene resin — in Fort Saskatchewan, Alberta.
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