Asian Chemical Connections
US-based Dow Chemical is putting a charge in its transformation plan, boosting its asset divestiture target, dividend payout and stock buyback programme while continuing to invest in major cost advantaged projects worldwide – all while fending off a major challenge from activist shareholder Third Point.
Dow is increasing its divestiture target to $7.0bn-8.5bn by mid-2016, including joint venture (JV) equity reductions, and has entered into an agreement to sell Angus Chemical – one of its previously announced divestment targets.
INSIGHT: GCC chemicals production will expand on integration
“Not all new demand can be met by gas or light feedstocks.”
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