Dow to divest polypropylene licensing and catalyst business and plastics additives unit

03/18/2013

The Dow Chemical Co. is looking to sell its polypropylene licensing and catalyst business and its plastics additives unit.

Dow is targeting an increased divestiture list of nearly $1.5 billion over the next 18 months, the company said.

"Today's announcement is yet another proof point of Dow's rigorous focus on return on capital, and is squarely in line with commitments we made earlier this year," said Andrew N. Liveris, Dow's chairman and CEO, in a news release. "We are reviewing our entire portfolio and seeking even further opportunities to optimize value: selectively pruning assets that are no longer a strategic or financial fit—all in an effort to accelerate value creation and deliver long-term, sustainable growth for the company."...
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