Welcome to our dedicated page for Dow news (Ticker: DOW), a resource for investors and traders seeking the latest updates and insights on Dow stock.
Dow Inc. (NYSE: DOW) is a leading materials science company harnessing the power of science and technology to drive innovation and address global challenges. With a rich history dating back to its formation from DowDuPont in 2019, Dow operates in around 180 countries, offering over 6,000 technology-based product families. The company's diverse portfolio includes specialty chemicals, advanced materials, agrosciences, and plastics, serving high-growth sectors such as packaging, electronics, water, coatings, and agriculture.
Dow's core businesses span several segments:
- Packaging & Specialty Plastics: This segment focuses on various applications, from flexible food packaging to specialty polymers. Despite recent challenges like reduced energy and feedstock costs, the segment continues to maintain robust demand in flexible food and specialty packaging.
- Industrial Intermediates & Infrastructure: Serving industries like polyurethanes, construction chemicals, and industrial solutions, this segment has seen gains in areas such as polyurethanes and construction chemicals, driven by improved equity earnings and operational efficiencies.
- Performance Materials & Coatings: Catering to consumer solutions and coatings, this segment has shown resilience with volume gains, driven by improved demand across all regions and end-markets, particularly in siloxanes and personal care applications.
Dow is deeply committed to sustainability, as evidenced by its strategic initiatives such as Decarbonize & Grow and Transform the Waste. The company aims to capture more than $3 billion in underlying earnings improvement annually by 2030 through these initiatives. Dow is also advancing circular economy solutions, partnering with organizations like Freepoint Eco-Systems to convert plastic waste into valuable materials.
Recent milestones highlight Dow's strategic focus and financial discipline. In the first quarter of 2024, the company achieved volume growth and margin expansion, returning $693 million in cash to shareholders. New projects like the propylene glycol capacity expansion in Thailand and the VORATRON™ Polyurethane Systems production line in Germany exemplify Dow's commitment to innovation and meeting market demands.
Dow's forward-looking strategy is underscored by its continued investment in high-value growth areas, operational excellence, and sustainability. The company's operational and financial discipline ensures robust cash flow, margins, and returns, positioning it well for future growth and value creation.
Dow has launched a Materials Recovery Facility (MRF) in Rayong Province, Thailand, marking the country's first community-owned enterprise for high-quality plastic waste recovery. The facility, opened in 2023, aims to prevent over 1,000 tons of plastics and materials from entering landfills annually and reduce greenhouse gas emissions by 2,400 tons of CO2eq per year.
The initiative, funded through Dow's Business Impact Fund and the Thai government, focuses on waste management, plastic packaging recovery, and material transformation. The project has created four full-time jobs and provides income opportunities for local communities through recyclable waste sales and upcycled products. The MRF involves collaboration with multiple Thai partners, including the Thailand Institute of Scientific and Technological Research, Plastics Institute of Thailand, and local government bodies.
Dow (NYSE: DOW) announced key leadership changes following Karen S. Carter's appointment as Chief Operating Officer. Keith Cleason has been named president of Dow's Packaging & Specialty Plastics (P&SP) operating segment, succeeding Carter. Jane Palmieri, president of Industrial Intermediates & Infrastructure, will retire effective March 31, 2025, after 30+ years with the company, where she managed portfolios exceeding $16 billion in annual sales. Marco ten Bruggencate will succeed Palmieri as president of Industrial Intermediates & Infrastructure, while also overseeing EMEAI operations.
Cleason, previously business vice president for Olefins, Aromatics & Alternatives and Univation Technologies, will oversee Latin America operations. He joined Dow in 2001 and has held various senior positions in polyethylene and specialty plastics divisions.
Dow (NYSE: DOW) has appointed Karen S. Carter as Chief Operating Officer, effective immediately. Previously serving as president of Dow Packaging & Specialty Plastics, Carter will oversee business operating segments, including Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings. She will also manage Integrated Supply Chain, Purchasing, Information Systems, and Commercial organizations. With over 30 years at Dow, Carter most recently led the Packaging & Specialty Plastics segment, generating more than $23 billion in annual sales. Under her leadership, she expanded capacity through asset upgrades and spearheaded circular economy initiatives, including the launch of REVOLOOP™ Recycled Plastic Resins and INNATE™ Precision Packaging Resins.
Dow (NYSE: DOW) has completed the sale of its flexible packaging laminating adhesives business to Arkema for $150 million. The transaction includes five manufacturing facilities across Italy, the United States, and Mexico, encompassing Solvent-Based and Solventless Laminating Adhesives and Heat Seal Coating product portfolios. The proceeds will support Dow's capital allocation priorities and growth strategies. Dow retains its water-based laminating adhesives, acrylic adhesives, and adhesive solutions businesses. This divestiture, along with the recent Circulus acquisition, demonstrates Dow's commitment to portfolio alignment with growth strategy and circularity platforms.
Dow announced that Chief Financial Officer Jeff Tate will participate in a fireside chat at Citi's 2024 Basic Materials Conference. The event is scheduled for Tuesday, December 3 at 10:15 a.m. ET. Investors can access the live webcast through Dow's website, with a replay and transcript available after the event.
Dow and Ambipar have signed a Memorandum of Understanding to transform Brazil's plastic recycling market. The partnership aims to increase polyethylene recycling operations from 2,000 to 60,000 tons per year by 2030. The five-year phased approach includes building new Mechanical Recycling facilities to transform 80,000 tons of plastic waste into approximately 60,000 tons of post-consumer resin annually. The alliance will develop Brazil's first integrated center for polyethylene plastics circular economy, focusing on converting post-consumer waste into new products.
Dow (NYSE: DOW) has been named one of the Fortune World's Best Workplaces™ in 2024 by Great Place To Work® and Fortune magazine for the second consecutive year. The company achieved Great Place to Work® certification in 15 countries and ranked on eight national Best Workplaces™ lists.
This recognition is based on rigorous analytics and confidential employee feedback, requiring companies to be Great Place To Work Certified™ and appear on at least five Best Workplaces™ lists globally. The assessment evaluates organizations' efforts to create positive workplace environments and their impact on people and communities across multiple countries.
Dow (NYSE:DOW) has been awarded the Leading Disability Employer Seal by the National Organization on Disability (NOD) for the eighth consecutive year. The recognition is based on the NOD Employment Tracker™, which evaluates business practices in hiring, retention, and advancement of people with disabilities.
The company scored highly in disability employment strategy, practices, and performance. Dow's commitment includes HR policies, talent acquisition programs, and the Disability Employee Network (DEN) employee resource group, which focuses on empowering employees with disabilities and raising awareness. The recognition highlights Dow's ongoing dedication to fostering workplace inclusion, equitable opportunity, and accessibility.
Dow (NYSE: DOW) and Guangdong Delian Group have signed a memorandum of understanding at the 7th China International Import Expo to expand the use of post-consumer recycled (PCR) resins in the automotive market. Delian Group has successfully implemented Dow's REVOLOOP™ Recycled Plastics Resins in auto care product packaging, marking its first commercial application in this sector. The partnership aims to support the industry's transition toward circularity and sustainability, reducing reliance on virgin resins and decreasing packaging's carbon footprint. This collaboration is part of Dow's 'Transform the Waste' initiative, focusing on developing sustainable solutions and promoting a circular economy.
Dow's Dr. Yenny Cubides has been awarded the STAR of Tomorrow Award in the Corporate category by the Society of Hispanic Professional Engineers (SHPE) for her exceptional contributions in Core R&D work. As an associate research scientist at Dow, she has led multiple research projects and leverages her expertise in corrosion and electrochemistry to enhance asset integrity. Dr. Cubides also serves as a recruiter in Dow's BEST Symposium, supporting Black, Latin, and Native American doctoral scientists. The award recognizes STEM employees demonstrating outstanding technical performance and leadership potential. The recognition ceremony will take place at the SHPE National Convention in Anaheim, California.
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