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 in benefit from efficiency gains. The company has announced nearly 40 project cancellations and plant shutdowns in 2012 to improve asset...

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