IHS Chemical Week

People & Business :: Earnings/Finance

Dow to record restructuring charge of as much as $1.1 billion

10:51 AM MDT | October 31, 2012 | Robert Westervelt

Dow Chemical will record a pre-tax charge in the fourth quarter ranging from $900 million to $1.1 billion related to a restructuring plan announced earlier this month, according to a 30 October regulatory filing. Dow plans to eliminate 3,000 positions and shut approximately 20 manufacturing facilities as parts of the restructuring. Other charges include the write-off of certain capital project spending and an impairment charge related to the write-down of Dow Kokam’s assets. The actions are expected to be completed over the...

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