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The Dow Chemical Company
DOW today announced additional actions to
accelerate the Company's ongoing commitment to aggressive portfolio
management, as outlined at its Investor Forum in December 2012. As a result of
thorough, ongoing portfolio reviews in a slow-growth world, Dow is targeting
an increased divestiture list of nearly $1.5 billion over the next 18 months.
Further, the Company has identified two units that will be actively marketed
for divestment: Dow's Polypropylene Licensing and Catalysts business unit and
its Plastics Additives business unit.
These actions are the latest in a series of steps the Company has taken to
further enhance Dow's leadership position in high-margin, fast-growing
end-markets, while simultaneously optimizing the value of assets. Since 2009,
Dow has divested non-core businesses representing approximately $8 billion in
revenue. In January, the Company divested the stabilizers component of its
Plastics Additives business, and entered into a definitive agreement to sell
its 50 percent ownership in Nippon Unicar Company Limited (a Japanese joint
venture in the Dow Electrical and Telecommunications business).
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