September 24, 2008
Dow Chemical Reinforces Strategy and Already Sees Success in New K-Dow Joint Venture, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) -- The Dow Chemical Company (NYSE:DOW) (Midland, Michigan) is sticking to its old strategy, Geoffery Merszei, Executive Vice President and Chief Financial Officer, said at the recent 17th Annual Chemical and Ag Science Conference. But the difference this time is that the company is actually going to execute it, he said. One of Dow's major plans in action is the formation of K-Dow Petrochemicals, a joint venture with the Petrochemical Industries Company, a subsidiary of Kuwait Petroleum Corporation. Industrial Info is tracking 95 active projects in which Dow or one of its business units is involved in across the world. The projects, totaling $18.84 billion, range from $1 million demolitions to grassroot facilities worth up to $3.6 billion.
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SOURCE: Industrial Info Resources