DOW Chemical Co. is spinning off what it calls "a significant portion" of its chlorine value chain, including its global epoxy business and units that make feedstocks used in PVC production. The businesses to be spun off have annual sales of about $5 billion and employ almost 2,000 at 11 manufacturing sites worldwide. The assets "are being carved out for future transactions," officials with Midland, Mich.-based Dow said in a Dec. 2 news release. "These businesses have served us well over decades, but are serving markets that Dow has exited over time," Dow Chairman and CEO Andrew Liveris said in the release. "We are therefore right-sizing our upstream integration to match the downstream focus that we started a decade ago."
展开▼
