Dow announces $2 million support toward Hurricane Ida relief, recovery and resiliency
Dow (NYSE: DOW) announced a $2 million contribution to support relief and recovery efforts in Louisiana following Hurricane Ida.
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Rhea-AI Summary
Dow (NYSE: DOW) announced a $2 million contribution to support relief and recovery efforts in Louisiana following Hurricane Ida. The donation aims to assist impacted communities as well as Dow employees affected by the storm. The company is collaborating with local and national partners to provide immediate services and aid, including offering interest-free loans and temporary housing for employees. Dow emphasizes its commitment to community resilience and ongoing support as recovery efforts progress.
Positive
- Donation of $2 million for Hurricane Ida relief and recovery efforts.
- Support for impacted employees through interest-free loans and temporary housing.
- Collaboration with local and national partners to provide critical services.
Negative
- None.
Details
News Market Reaction – DOW
The recorded move for DOW in the trading session of this news was -0.80%.
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MIDLAND, Mich., Sept. 2, 2021 /PRNewswire/ -- In response to the widespread devastation caused by Hurricane Ida in Louisiana, Dow (NYSE: DOW) and the Dow Company Foundation announced the contribution of
"Our thoughts and support are with all those impacted by Hurricane Ida," said Jim Fitterling, Dow's chairman and chief executive officer. "Our primary focus right now is the safety of our colleagues, our operations and our communities, and Team Dow is working closely with our partners and stakeholders to help with both the immediate and longer-term impacts of the storm."
As a part of this commitment, Dow is collaborating with local parish, regional and national partners providing critical services to individuals immediately affected by the storm.
As recovery and rebuilding efforts begin, Dow will continue to engage community partners to assess and respond to community needs not currently identified across the region through financial investment, and in-kind and volunteer support, including the activation of our Veterans' Network (VetNet) in partnership with Team Rubicon. VetNet is Dow's Employee Resource Group that encourages its members to engage in communities by providing resources for charitable efforts, community service and crisis response.
"Our communities are resilient and will recover, but they also need help, support and partnership," said Rebecca Bentley, vice-president, Dow Public Affairs. "We are committed to working together with all our stakeholders to help impacted areas of Louisiana respond, recover and ultimately thrive again."
Louisiana is home to thousands of Dow and contract employees. To support its employees through these challenges, Dow is offering interest-free loans, temporary housing where needed, and the Dow Employee Relief Fund, where employees can easily make a donation to help their fellow colleagues in need.
About Dow
Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through our materials science expertise and collaboration with our partners. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately
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SOURCE The Dow Chemical Company
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