Dow intends to fade out of the polymer market

According to foreign media reports, Dow Chemical, the largest chemical company in the United States, is consolidating several of its major polymer projects into a new business portfolio and is likely to take this part of the new portfolio out of joint ventures with other companies or sell directly. . In the recent period, the company has fully assessed this.

Currently, Dow Chemical is shifting its focus from the product itself to some end markets such as the footwear industry. The new business portfolio, dubbed the Dow Portfolio Optimization Division, will include Saron products, synthetic rubber, polycarbonate, plastic compounds and specialty copolymers. Allegedly, this part of the business has annual sales of nearly $2 billion. Dow Chemical Co., which had $54 billion in sales last year, said the new division may also add other businesses.

Dow Chemical announced late last year that the company has decided to sell 50% of the bulk chemicals business to Kuwait Petrochemical Corporation (PIC). Dow will use some of the funds obtained from the deal, or even all of the $9.5 billion in revenue, to acquire small companies or businesses. An industry analyst released a research report last week saying that Dow's acquisition target was for small and medium-sized US companies engaged in coatings, fuel additives, catalysts or water treatment businesses, Albemarle, WR Grace, and Grace. Companies such as Valspar and Nalco belong to such companies.