Dow Chemical creates performance plastics division

01 March 2011 15:53  [Source: ICIS news]

TORONTO (ICIS)--Dow Chemical has created a performance plastics division, the US-based chemicals major said on Tuesday.

The formation of the division reflects Dow Chemical's strategy to de-emphasise its commodity plastics products, especially following the divestment of the Styron business, it said.

The division would comprise of all Dow’s plastics business, including solution polyethylene, wire and cable, elastomers, films and packaging resins, as well as Dow’s packaging and converting unit that was part of the company’s advanced materials division, it said.

The performance plastics division would be headed by Howard Ungerleider as president, Dow said. Ungerleider is currently Dow’s vice president for investor relations.

“Our performance plastics division will have a technology, market-driven approach to intensely focus on downstream markets such as packaging, health and hygiene, and food applications while we continue to optimise the commodity side of our plastics businesses,” said Dow CEO Andrew Liveris.

Dow would now have six business divisions: Dow Agrosciences, advanced materials, performance products and systems, performance plastics, chemicals and energy, and hydrocarbons - the first four driven by markets and technology, and the latter two driven by assets and feedstocks, it said.

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By: Stefan Baumgarten
+1 713 525 2653

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