Dow postpones Europe PE expansion, siloxanes plant

摘要

Dow has cut its 2019 capital expenditure target from $2.5 billion to $2 billion, a move aimed at slowing "investments that require more market visibility," CEO Jim Fitterling said during the company's second-quarter earnings call. "In our view, this is not the time to invest in a major greenfield project." Dow has postponed a feasibility study for a world-scale siloxanes plant in favor of debottlenecking.