Dow Inc Stock Price, News & Analysis

Dow Benelux has announced a roadmap to cut CO2 emissions by over 40% at its Terneuzen site by 2030, aiming for net CO2 neutrality by 2050. The plan includes a clean hydrogen plant expected to start up in 2026, which could reduce emissions by 1.4 million tons annually, equating to over 300,000 cars. The initiative will create 3,500 to 4,000 construction jobs and 400 to 500 permanent positions. By 2030, further CO2 capture is planned to avoid another 300,000 tons of emissions. Dow prioritizes sustainability while addressing climate change challenges.

Jim Fitterling, chairman and CEO of Dow (NYSE: DOW), will take part in a virtual fireside chat at the Bernstein 37th Annual Strategic Decisions Conference on June 3 at 8:00 a.m. ET. Investors can access the live webcast through Dow's website, with a replay and transcript available within 48 hours post-event.

Dow aims to be the most innovative and sustainable materials science company, focusing on diverse sectors such as packaging and consumer care, boasting a $39 billion sales figure in 2020.

Dow was honored as the 2021 Manufacturer of the Year, Large Enterprise, by the Manufacturing Leadership Council (MLC). This marks Dow's third win, previously awarded in 2015 and 2017. The award was presented at a virtual gala on May 19, 2021, recognizing companies across various sectors. Dow was also recognized with five additional Manufacturing Leadership Awards, highlighting achievements in Manufacturing 4.0, Supply Chain, and Industrial Internet of Things. Two Dow employees received individual awards for digital leadership. Dow has also been acknowledged for its COVID-19 response initiatives.

Dow (NYSE: DOW) announced recognition for five leaders on the 2021 EMpower Ethnic Minority Role Model lists, highlighting their contributions to diversity in the workplace. Jim Fitterling, CEO, was placed third among advocates, while Mauro Gregorio and Karen S. Carter also earned top positions among executives and future leaders. The company emphasizes its commitment to inclusivity and plans to invest $10 million over five years to support social justice initiatives. Dow aims to leverage diversity as a driver for business success and stakeholder value.

Dow Chemical Company, a subsidiary of Dow Inc. (NYSE: DOW), announced the full redemption of its 3.50% and 3.15% Notes due in October 2024 and May 2024, respectively. This proactive debt management will reduce gross debt by over $1 billion, lowering annual interest expenses by $35 million. The redemptions will occur on May 18 and June 2, 2021. After this action, Dow will have no significant long-term debt maturities until late 2025.

Univar Solutions Inc. (NYSE: UNVR) has entered into a distribution agreement with Dow to market DOWSIL™ and XIAMETER™ silicone-based defoamers for agrochemical applications in Mexico. This collaboration aims to enhance product offerings for the agricultural sector, addressing challenges like excessive foaming that can lead to operational inefficiencies. Jorge Buckup, president of Latin America, emphasized the partnership's goal of innovation and improved efficiency for Mexican growers.

Dow (NYSE: DOW) and Mura Technology have announced a strategic partnership aimed at combating plastic waste through advanced recycling technology. The collaboration will enhance Mura’s HydroPRS™ process, which converts plastics back into chemicals and oils for new products. This initiative is designed to support a circular economy, with the potential to recycle 80,000 tonnes of plastic waste annually. Dow will leverage these recycled materials to produce virgin-equivalent plastics suitable for food-contact packaging. The first HydroPRS™ plant is set to be operational in 2022.