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Cramer hits at Dow's Liveris

The credibility of some chemical industry CEO's seems to be under increasing attack, due to their apparent failure to develop proper contingency plans in advance of the current recession. One example this week comes from the USA, where Jim Cramer...

Published 31 Jan 2009 17:53 by Chemicals & The Economy

Filed under: Economic growth, Oil markets, Financial Events, M & A, Leverage, recession, Andrew Liveris, Dow Chemical, Jim Cramer
Dow Chemical moves to Plan B

A month ago, after the collapse of the K-Dow deal, the blog suggested that Dow would need to quickly move to a Plan B . It added that "nobody would be very surprised if it now sought to renegotiate the proposed Rohm & Haas acquisition"....

Published 28 Jan 2009 10:53 by Chemicals & The Economy

Filed under: Economic growth, Financial Events, M & A, Leverage, Andrew Liveris, Dow Chemical, global downturn, Rohm & Haas
Dow warns of need for "radical actions"

Andrew Liveris, Dow CEO, has consistently warned that we are facing a major recession. Today , in a Bloomberg interview, he spells out the need for "radical actions" to "take out capacity". He notes that Dow's volumes are down...

Published 14 Nov 2008 10:56 by Chemicals & The Economy

Filed under: Economic growth, Oil markets, Currencies, recession, Andrew Liveris, Dow, deflation, over-capacity
Decision time in Europe, N America

Many Asian companies have been cutting back petchem production in recent weeks. Now TOTAL have become the first to follow suit in Europe, with the announcement that they will shutdown the Carling No 2 cracker for a month from mid-November. These decisions...

Published 24 Oct 2008 16:52 by Chemicals & The Economy

Filed under: BP, Economic growth, Oil markets, Financial Events, M & A, Leverage, Andrew Liveris, TOTAL, Nova, Dow, Steven Welch, Jeffrey Lipton
‘Don’t panic’ say Dow, BASF

Its not normally a good sign when chemical industry bosses feel the need to cheerlead on the outlook for the economy. Dow’s CEO Andrew Liveris therefore caught my attention at Davos, when he told CNBC that talk of recession was ‘over-reaction’. Particularly...

Published 12 Feb 2008 11:14 by Chemicals & The Economy

Filed under: BASF, Economic growth, Currencies, Financial Events, Andrew Liveris, Jürgen Hambrecht, G7 finance ministers, Dow Chemical, Peer Steinbrück

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Cramer hits at Dow's Liveris

Dow Chemical moves to Plan B

Dow warns of need for "radical actions"

Decision time in Europe, N America

‘Don’t panic’ say Dow, BASF