From The Desk Of
CW Insider, March 1: Dow Chemical, Ready to Grow
1:40 PM MST | February 26, 2010 | Robert Westervelt
Our cover story week features an interview with Dow Chemical CEO Andrew Liveris on company’s transformation. Dow was essentially ready to carry out that conversion to a specialty chemicals and advanced materials leader when the late 2008 global economic meltdown upended two deals central to that plan. Kuwait’s Petrochemical Industries Co. (PIC) abandoned a proposed 50-50 jv in petchems and plastics, to be called K-Dow, at the end of 2008. Dow’s proceeds from the jv, roughly $9 billion, were earmarked for the pending $19-billion acquisition of...
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