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.
In 2023, Dow emphasized sustainability and innovation, implementing strategies to reduce greenhouse gas emissions and promote circular economy initiatives.
Key milestones included the approval of the Fort Saskatchewan Path2Zero project and partnerships to advance renewable energy and recycling technologies. Dow aims to reduce Scope 1 and 2 GHG emissions by 15% by 2030 while increasing annual earnings by $3 billion.
Other notable achievements include strategic collaborations for bio-based ethylene production, significant progress in inclusion, diversity, and equity (ID&E), and enhanced governance and transparency measures.
Overall, Dow is committed to long-term value creation for shareholders and stakeholders by building a sustainable, inclusive, and innovative future.
Four Dow (NYSE:DOW) leaders have been recognized on INvolve's 2024 Empower Role Model Lists for their efforts in promoting diversity and inclusion in the workplace. The honorees include Mauro Gregorio, Karen S. Carter, Amit Shah, and Shruti Bahadur. These individuals were selected for their leadership roles in breaking down barriers for people of color.
Mauro Gregorio, the outgoing president of Performance Materials & Coatings, and Karen S. Carter, president of Packaging & Specialty Plastics, were named to the Empower Executives Role Model List. Amit Shah and Shruti Bahadur were named to the Empower Future Leaders Role Model List. This recognition highlights their commitment to fostering an inclusive environment at Dow. Alveda J. Williams, Dow's chief inclusion officer, praised their contributions to creating a more equitable workplace.
INvolve's Empower Role Model Lists celebrate leaders who are driving inclusion and representation within global businesses. Dow's recognition follows previous acknowledgments on the INvolve Heroes Women Role Model Lists, the inaugural Enable Role Model List, and the Outstanding LGBTQ+ Role Model Lists.
On June 20, 2024, Dow announced a unique initiative blending art and science at its innovation center in Spring House, Pennsylvania. The facility, known for its extensive research on waterborne coatings, has expanded its role to become an educational platform in partnership with the Winterthur Museum and the University of Delaware's Art Conservation program (WUDPAC). This collaboration provides first-year WUDPAC graduate students with hands-on exposure to paint composition, aging mechanisms, and performance testing. The initiative underscores the importance of understanding material properties in art conservation and celebrates the 70th anniversary of the paint series 54K. The event marks a significant intersection between technical volunteerism and community engagement, highlighting Dow's commitment to advancing both scientific and artistic fields.
Dow (NYSE: DOW) has announced the acquisition of Circulus, a North American polyethylene recycler, to bolster its mechanical recycling capabilities. This acquisition includes two facilities in Ardmore, Oklahoma, and Arab, Alabama, which collectively add an annual recycling capacity of 50,000 metric tons. The deal is expected to close in Q3 2024, pending regulatory approval. This move aligns with Dow's 2030 Transform the Waste goal, enabling the production of higher-performing circular products for various markets. Circulus' expertise in film recycling complements Dow's materials science capabilities, enhancing Dow's offerings in industrial, consumer, and transportation applications.
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.
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