Dow evaluates European polyurethane business

2024年10月30日16:27 来源：无

As part of a global strategy review, Dow plans to optimize its polyurethane business in Europe to address economic challenges and regulatory requirements.

The strategic review aims to enhance efficiency and competitiveness. Source: Dow

Chemicals giant Dow has announced a comprehensive strategic review of its polyurethane business in Europe. This measure aims to enhance the company’s efficiency and competitiveness in an increasingly challenging economic and regulatory environment. Jim Fitterling, CEO and Chairman of Dow, emphasized that proactive measures have been taken since 2023 to optimize the global asset base. “In line with our best-owner mentality, we announce a strategic review of selected assets in Europe, particularly in our polyurethane business,” Fitterling stated.

According to Fitterling, the evolving regulatory landscape in Europe presents numerous challenges across various sectors and value chains. In Germany, Dow employs around 3,500 people across 13 sites and faces complex market conditions as well. The company highlights that continuous optimization of its asset base and focusing on high-yield investments are essential for long-term value creation.

Positive Quarterly Results Despite Uncertainties

Despite macroeconomic uncertainties and an unplanned outage at a facility in Texas, Dow reported volume growth for the fourth consecutive quarter, achieving a net revenue of $10.9 billion—a 1% increase compared to the previous year. This positive development indicates that Dow is on the right path to maintain stability in a challenging market environment.

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