Dow Inc. reports news on its global materials science business, which supplies chemicals and materials for packaging, infrastructure, mobility and consumer applications. Company updates commonly focus on segment demand, local pricing, volumes, polyethylene and olefins markets, and operating conditions across Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, Performance Materials & Coatings, and related construction-chemicals businesses.
Recurring announcements also cover quarterly results, dividend declarations, annual stockholder meeting outcomes, board and executive succession, manufacturing and asset actions, and company-wide productivity or cost-structure programs. Dow news often ties these developments to its integrated asset footprint, customer applications and global supply chain conditions.
Dow's Global African Affinity Network (GAAN) celebrates its 25th anniversary as the company's second Employee Resource Group. Established in 1999 as the African American Network, GAAN has grown to include over 5,000 members across 20 chapters globally. The network focuses on professional development, advocacy for equity, and workplace inclusion. Notable achievements include contributing to Dow's talent and supplier diversity strategies, and playing a key role in developing Dow ACTs, a multi-million-dollar initiative addressing systemic racism following the 2020 social justice movements.
Dow announced four leaders have received recognition from the Hispanic Engineers National Achievement Awards Conference (HENAAC) for their STEM excellence. The honorees include Rui Vogt Alves da Cruz (Vice-President of Core R&D) winning Scientist of the Year, along with Juliana Serafim Francisco (Senior Technical Service & Development Leader), Victor Zapata (Senior Global Business Director), and Kyle A. McDonald (Research Scientist) receiving Luminary Awards. These awards distinguish recipients as leading innovators in their fields. The winners will be honored at the 36th annual GMiS Conference in Fort Worth, Texas, November 6-9, 2024.
Dow has outlined its strategy for reducing greenhouse gas emissions and transitioning to clean energy. The company currently sources over 50% of purchased electricity from renewables, with contracted capacity exceeding 1,000 megawatts. Key initiatives include building the world's first net-zero Scope 1 and 2 emissions integrated ethylene facility in Alberta, Canada, which will reduce emissions by approximately 1 million metric tons of CO2e annually while tripling manufacturing capacity. Additionally, Dow partnered with X-energy to implement advanced nuclear technology at their Seadrift, Texas site, expected to reduce emissions by 440,000 MT of CO2e yearly.
Dow announced the winners of the 35th Packaging Innovation Awards at Tokyo Pack 2024, following evaluation by an international jury of 18 experts. The competition recognized 28 winners across Diamond, Platinum, Gold, Silver, and Special Award categories, selected based on technological advancement, sustainability, and enhanced user experience. Panasonic Energy secured the Diamond Award for their paper-based battery bag. Nearly half of this year's submissions came from Asia, highlighting the region's growing influence in packaging innovation. The awards ceremony marked its first-ever hosting in Asia, reflecting the region's significance as a global manufacturing hub.
Dow (NYSE: DOW) reported third quarter 2024 results with operating earnings per share of $0.47, slightly down from $0.48 in the year-ago period. Net sales reached $10.9 billion, up 1% year-over-year, driven by higher sales in U.S. & Canada. Volume increased 1% compared to the year-ago period. Operating EBIT was $641 million, up $15 million year-over-year, primarily due to higher integrated margins in Packaging & Specialty Plastics, partially offset by an unplanned cracker outage in Texas. The company returned $584 million to shareholders through dividends and share repurchases. Management announced a strategic review of select European assets, primarily in the Polyurethanes business.
Dow is advancing sustainable electronics solutions through materials science innovation. The company addresses growing challenges in the electronics industry, particularly focusing on data center efficiency. With data centers accounting for 2% of global electricity usage in 2022 and projected to reach 6% of U.S. electricity consumption by 2026, Dow offers innovative cooling solutions including DOWSIL™ Immersion Cooling Technology, DOWFROST™ LC Heat Transfer Fluid, and DOWSIL™ Thermal Conductive Materials. These solutions aim to enhance performance while reducing energy consumption and environmental impact.
Dow, a leading materials science company, is innovating for packaging circularity through its REVOLOOP™ Recycled Plastic Resins. This global line of mechanically recycled plastic resins incorporates up to 100% recycled content, helping customers meet circularity and low-carbon targets. Dow aims to deliver 3 million metric tons of circular and renewable solutions annually by 2030.
The company is collaborating with partners worldwide to manage post-consumer recycled (PCR) plastic as a valuable resource. This includes investing in technologies for large-scale mechanical recycling, enhancing waste management infrastructure, and working with brands and manufacturers to design for circularity. Dow's partnerships span the entire value chain, from supporting waste picker cooperatives to developing PCR packaging applications with flexible film manufacturers globally.
Dow has been named the #1 Best Workplace in Manufacturing & Production for 2024 by Great Place To Work® and Fortune magazine. This marks Dow's fourth consecutive year on the list and its first time at the top. The award is based on survey responses from over 96,000 employees in the industry.
Key highlights:
- 76% of Dow employees consider it a great place to work, compared to 57% at typical U.S. companies
- Dow has consistently received recognition for its strong company culture
- The company has been named to several prestigious lists, including World's Best Workplaces™ 2023 and 100 Best Companies to Work For® for four consecutive years
This recognition underscores Dow's commitment to fostering a workplace that prioritizes innovation, inclusivity, and sustainability.
Dow's MobilityScience™ team is working with automotive industry partners to accelerate a smarter, safer, and more sustainable vision for mobility. The company is focusing on addressing climate protection, circular economy, and safer materials across a vehicle's lifecycle. Dow aims to decarbonize manufacturing facilities and develop innovative products to help customers reduce greenhouse gas emissions.
A key challenge is improving battery performance for electric vehicles. Dow offers thermal interface solutions using silicones and polyurethanes to enhance battery pack development, potentially contributing to longer-range, better-performing, and more economical electric and hybrid vehicles. The company is committed to driving the transition to low- and zero-emission, energy-efficient, and affordable vehicles for a net-zero future.
Dow (NYSE: DOW) has announced a quarterly dividend of 70 cents per share. The dividend will be payable on December 13, 2024, to shareholders of record as of November 29, 2024. This marks the 453rd consecutive dividend paid by Dow or its affiliates since 1912, highlighting the company's long-standing commitment to returning value to shareholders.