Dow and Reliance in JV Talks?

Reliance Industries and Dow Chemical are in advanced discussions regarding the possibility of forming major alliances, sources close to the talks tell CW (CW, March 7, p. 9). A report by India’s The Times says that the companies are close to signing a deal for the transfer of Dow’s basic chemicals and plastics business into a joint venture with Reliance. Reliance reportedly proposed the transfer of Dow’s basic chemicals and plastics business, which has been struggling with high and volatile feedstock costs. A major deal is possible, says Kevin...

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