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 announced the start-up of its expanded propylene glycol (PG) capacity at its Map Ta Phut manufacturing facility in Rayong, Thailand. The investment increases capacity by 80,000 tons per year, bringing the total annual output to 250,000 tons, making it the largest PG facility in the Asia Pacific region. This expansion aims to support growth in the personal care, pharmaceutical, food, and flavor & fragrance markets. The site’s back-integration ensures cost-competitive and reliable supply of key raw materials such as propylene oxide (PO). Dow is committed to sustainable PG production through the use of lower carbon energy sources and bio-circular feedstocks, with plans to secure ISCC PLUS certification for the facility by the end of 2024.
On May 16, 2024, Dow (NYSE: DOW) announced two new partnerships at Chinaplas 2024, focusing on sustainable and innovative materials for the packaging and automotive industries. Dow and Sealed Air will collaborate to develop e-commerce packaging with increased recycled content using Dow's REVOLOOP™ resins. Additionally, Dow is partnering with Changchun FAWSN to explore lightweight polyolefin elastomer (POE) artificial leather for automotive applications. Dow highlighted various sustainability-driven solutions, including mono-material all-PE pouches, vacuum metallized PE packaging, and bio-based feedstock solutions. These initiatives align with Dow's sustainability goals, such as transforming plastic waste into valuable resources and achieving net-zero emissions for ethylene production.
Dow and SCG Chemicals (SCGC) have signed a groundbreaking memorandum of understanding (MOU) to transform 200,000 tons annually (KTA) of plastic waste into circular products by 2030. This initiative is the first of its kind in the Asia Pacific market, aimed at creating a holistic value chain solution for circular plastic. The partnership will leverage both mechanical and advanced recycling technologies, and initially focus on post-consumer recycled materials and waste sorting technologies in Thailand. This collaboration aims to establish a robust materials ecosystem in Southeast Asia, with potential expansions into China, Korea, Japan, Taiwan, Australia, and New Zealand. This initiative supports Dow's target to commercialize 3 million metric tons of circular and renewable solutions annually by 2030 and aligns with SCGC's
Dow and Freepoint Eco-Systems have announced a supply agreement to divert 65,000 metric tons of plastic waste per year from landfills and incineration, converting it into certified-circular pyrolysis oil. This oil will be used to create virgin-grade equivalent plastics at Dow’s U.S. Gulf Coast operations, contributing to a circular economy.
The recycling will take place at a new ISCC Plus-Certified facility in Eloy, Arizona, starting in 2026. Dow will be the sole offtaker from phase one of this facility, which aims to process 90,000 tons of waste annually, converting 70% to pyrolysis oil. These new circular products will be used in food-grade and medical packaging, among other applications.
This agreement supports Dow’s “Transform the Waste” goal and demonstrates their commitment to sustainable practices and reducing reliance on fossil feedstocks.
Dow (NYSE: DOW) has announced new targets to enhance their Protect the Climate initiative, focusing on water and nature conservation. By 2030, Dow aims to have water stewardship plans in place for its top 20 water-dependent sites, and make 10 of these sites water-resilient. By 2035, all Dow sites will have water stewardship plans, and by 2050, Dow aims to conserve 50,000 acres of habitat. The new Water & Nature strategy involves sustainable site management, engaging the supply chain to reduce water impact, and innovating with partners to develop eco-friendly products. These measures aim to support water resilience and ecosystem health, ensuring business continuity in the face of climate change. Dow will report progress starting from 2025 under the Taskforce for Nature-Related Financial Disclosures (TNFD).
Great Place To Work and Fortune have recognized Dow (NYSE:DOW) as one of the Fortune 100 Best Companies to Work For, ranking it #79, up from #89 last year. This marks the fourth consecutive year Dow has made the list and is the highest-ranking manufacturing company featured. The recognition is based on confidential employee feedback evaluated across 60 statements in the Trust Index Survey. Dow is also the only materials science company to be honored. The company's commitment to inclusivity, diversity, and equitable workplace practices were highlighted as key differentiators. Dow was certified as a Great Place To Work in 13 countries and featured on 10 national Best Workplaces lists in 2023.
Dow (NYSE: DOW) has advanced to the #3 spot on Fair360's 2024 Top 50 Companies list. This marks the seventh consecutive year Dow has been included, and the second year in the top 10. The list highlights companies that excel in leadership accountability, human capital diversity, talent programs, workplace practices, supplier diversity, and philanthropy. Dow also ranked highly on 12 of Fair360's Specialty Lists, including #1 for Executive Fairness Councils and #5 for Environmental, Social & Governance. The rankings are based on data from 160 employers representing 7.3 million U.S. employees. This recognition adds to Dow's recent accolades, such as being named a Great Place To Work® and appearing on Fortune's 100 Best Companies to Work For®.
In this episode, entrepreneurs David Roubach and Felix Bobbink discuss their sustainability innovations in the plastics industry, revolutionizing plastics at consumer and industrial levels. Dow Global Business Development Director emphasizes the need for large businesses to pivot and become disruptive, while UC Berkeley professor Dr. Ting Xu highlights the role of science and research in innovation.
Dow has launched two new sustainable varieties of propylene glycol (PG) solutions in North America, featuring bio-circular and circular feedstocks. These technologies enable a wide range of applications in industries like personal care, cosmetics, pharmaceuticals, food ingredients, and more. The mass balance approach used in manufacturing has received ISCC PLUS certification, marking a milestone for Dow's sustainability efforts.
The press release discusses the pace of innovation in the Asia-Pacific region regarding plastic waste, with a focus on China. It explores new policies and solutions led by industry experts from Eco-Business, Bain & Company, and Dow. The episode highlights challenges, investments in policies, recycling capacities, patent-filing rates, and consumer awareness in the region.
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