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US Dow Olin business targets $200m in synergies within 3 years

US Dow-Olin business targets $200m in synergies within 3 years

HOUSTON (ICIS)--The newly-created Dow-Olin chlor-alkali business announced on Friday aims to achieve $200m in synergies within three years - with potential upside to $300m, the top executives of the two US-based chemical firms said.

Dow and Olin earlier on Friday announced a $5bn deal under which Dow will separate its US Gulf coast chlor-alkali and vinyl and its global chlorinated organics and global epoxy businesses, and then merge these businesses with Olin, creating a "New Olin" with revenues of about $7bn.

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