Dow Eyes PP and PS Ventures; Creates Coating and Footwear Units

Liveris: Pursuing ‘asset-light’ strategy. Dow Chemical says it is in discussion with potential partners regarding putting its polypropylene (PP) and polystyrene (PS) businesses into joint ventures. Dow is the world’s largest PS maker globally with capacity of more than 2.1 million m.t./year, and number five globally in PP with capacity of 1.3 million m.t./year. “This decision underscores our seriousness to upgrade our portfolio, and pursue our ‘asset-light’ strategy” in basic chemicals, says Dow chairman and CEO Andrew...

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