Dow Chemical adjusts strategy to “slow-growth world”

Dow Chemical says that cost reductions and capital spending curtailments will keep the company on track to meet a near-term $10-billion/year Ebitda target by 2014 or 2015 despite a “slow-growth world.” The company posted 2011 Ebitda of $8.4 billion.Dow has announced plans to reduce capital expenditures and R&D by $1 billion, reduce costs by $750 million, and expects to generate a further $750 million from efficiency gains. The company has announced nearly 40 project cancellations and plant shutdowns in 2012 to improve asset utilization; reduce structural...

Access is for Chemweek 24/7 PLUS Members ONLY

This information is only available to Chemweek 24/7 PLUS members who have subscribed to Chemweek’s Business Daily. If you are a member, please log in, OR if you have a trial membership, please use your trial membership account information. 

Forgot your user ID or password? Click here to have it sent to you.

If you are not yet a subscriber and would like to access the turnkey information found only in Chemweek’s Business Daily, subscribe now and you’ll get the most important news of the chemical industry delivered directly to your inbox—every day.

Sign up for a FREE 15-day trial of IHS Chemical Week Business Daily