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 (NYSE: DOW) has published its 2023 INtersections Report, the 20th annual sustainability report, highlighting progress on environmental, social, and governance (ESG) commitments.
Key points include a final investment decision on a net-zero emissions ethylene facility in Alberta, sourcing over 50% of electricity from renewables, and achieving $1.2 billion in net present value from nature-enhancing projects.
Innovative product launches and the development of biodegradable and circular products were also highlighted.
Additionally, Dow reported increased employee engagement, recognition as a top workplace, and significant community and diversity investments.
The report enhanced disclosures in several areas, aligning with leading standards and frameworks.
Dow (NYSE:DOW) has been awarded six SEAL Business Sustainability Awards for 2024, recognizing its excellence in sustainable innovation and products. The honors include acknowledgments of innovations in silicones chemistry. Notably, the SILASTIC™ SST 2650 Self-Sealing Silicone received awards in both the Sustainable Innovation and Sustainable Product categories. Other winning products include the DOWSIL™ ACP-3089 Antifoam Compound, DOWSIL™ 2080 Resin, DOWSIL™ IE-9100 Emulsion, and DOWSIL™ 991 Silicone High Performance Sealant. These awards underscore Dow's commitment to sustainability and innovation, highlighting its mission to deliver high-performing, sustainable solutions.
Dow (NYSE:DOW) has advanced to the #3 position on Fair360’s 2024 Top 50 Companies list.
This marks the seventh consecutive year Dow has been on the list and the second year in the top 10.
The list, formerly known as DiversityInc Top 50 Companies, evaluates companies on leadership accountability, human capital diversity, talent programs, workplace practices, supplier diversity, and philanthropy.
Dow also ranked on 12 specialty lists, including #1 for Executive Fairness Councils and #5 for ESG and Philanthropy.
This recognition aligns with other recent accolades such as being named a Great Place to Work® and inclusion in Fortune's 100 Best Companies to Work For®.
Jim Fitterling, Dow's CEO, emphasized the importance of equity and inclusion for innovation and business success.
Dow (NYSE:DOW) has set a record for the most Edison Awards ever received by an organization in a single year, winning twelve awards in 2024. This marks the third consecutive year Dow has achieved this feat and the seventh consecutive year it has received more awards than any other organization. The awards include three golds, five silvers, and four bronzes. Recognized innovations range from advanced materials to AI-driven initiatives, all emphasizing sustainability and performance improvements. Notable projects include the INVISU™ 7007 Water-Borne Label Adhesive and Predictive Intelligence (PI) platform.
Dow's All IN ERG Fund is promoting sustainability and addressing gender inequities in Kenya through a partnership with Fikia Dada, a rescue center for women and young girls. Fikia Dada provides housing and support for victims of forced marriages, gender-based violence, and other challenges. The fund has enabled the creation of a demonstration farm where residents learn sustainable farming techniques, aiding food security and financial independence. Additionally, upgrades to the facility and health insurance access have been supported. The introduction of black soldier fly larvae has furthered sustainable agriculture practices.
On May 20, 2024, Dow (NYSE:DOW), Henkel Adhesive Technologies, and Kraton announced significant strides in reducing the carbon footprint of two of Henkel's North American packaging products: TECHNOMELT® SUPRA 100 LE and TECHNOMELT® SUPRA 106M LE. The biobased formulations, developed using Kraton's SYLVALITE™ 2200 tackifiers and Dow's AFFINITY™ GA polyolefin elastomers, cut cradle-to-gate emissions by 25% while maintaining performance and food safety standards.
This initiative aligns with growing consumer demand for sustainable packaging and Henkel’s commitment to emission reduction and circularity. Despite the premium typically associated with sustainable products, these new formulations will incur no additional costs for existing customers. The collaborative efforts underscore the companies' shared commitment to driving environmental innovation in the consumer goods sector.
Dow (NYSE: DOW) has announced a capacity expansion through its minority equity investment in SAS Chemicals GmbH, a German specialty chemical producer. This expansion aims to enhance Dow's portfolio of organic, hybrid, and silicone sealants for insulating glass manufacturing. Dow's silicone insulating glass sealants are used in commercial structural glazing applications and are known for superior UV resistance and structural capabilities. With the expansion, Dow aims to offer a comprehensive range of high-performance adhesives and sealants to manufacturers, reinforcing its position in the global façades industry. The expansion will also see SAS Chemicals boosting operations in Germany and starting up production in Turkey by June 2024.
Dow India has signed an agreement with Glass Wall Systems to supply carbon-neutral silicone sealants for building façades. This partnership aims to reduce the embodied carbon in building materials, aligning with global decarbonization standards. The sealants, part of Dow's Decarbia™ portfolio, are verified through the PAS 2060 Standard. The initiative utilizes low-carbon feedstocks, renewable energy, and emission compensation to achieve carbon neutrality. The agreement supports green-building design initiatives and enhances sustainability within the construction industry.
Dow, the State of Wyoming, and the University of Wyoming have partnered for the Wyoming Gas Injection Initiative (WGII) to enhance oil recovery in Wyoming. This collaboration involves advanced oil recovery methods like foam-assisted gas injection using recovered hydrocarbon gases and carbon dioxide. The project aims to extend the life of oil fields and mitigate greenhouse gas emissions. Wyoming will provide $25 million in matching funds through the University of Wyoming, and private operators such as Ballard Petroleum, Devon Energy, and Occidental will contribute an additional $25 million. Dow will support field implementation and research activities by supplying tailored conformance control agents and leveraging its ELEVATE™ additives to increase oil production and extend the economic life of oil assets.
Dow (NYSE: DOW) has announced the completion of its new VORATRON™ Polyurethanes Systems adhesive and gap filler production line at its Polyurethanes Systems House in Ahlen, Germany. This new line will increase production capacity tenfold, meeting the rising demand for battery assembly solutions in the e-mobility sector. The VORATRON™ products, which include high-strength adhesives and thermally conductive composites, are pivotal for electric vehicle battery designs, supporting lightweight, efficient assembly processes and effective thermal management. The facility is powered by 100% renewable energy, aligning with Dow’s sustainability goals. According to Dr. Esther Quintanilla, Dow’s Global MobilityScience™ Marketing Director, this investment is poised to capture the growing market for electric vehicles, which are expected to constitute over 25% of new passenger car sales by 2030.
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