The Dow Chemical Company has successfully completed its separation from DowDuPont, in a move intended to allow it to become a more “focused, streamlined, and leading materials science company.”
The firm develops textile treatments that include reducing water and dye use, such as Ecofast Pure, through its own operations and business unit Dow Microbial Control.
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Its separation, Dow says, positions it to drive innovations “leveraging three advantaged building blocks” – ethylene, propylene and silicones – to power “one of the deepest chemistry sets in the industry.”
Dow common stock began trading on the New York Stock Exchange (NYSE) under its historical symbol ‘DOW’ on 2 April, and will join the Dow Jones Industrial Average (DJIA) index.
The new company will adopt a new brandline – ‘Seek Together’ – to highlight the value of collaboration to deliver innovation and solutions to its customers and value chains.
“The changes we have made to Dow’s portfolio, cost structure and mindset are significant,” says CEO Jim Fitterling. “The new Dow is a more focused and streamlined company with a clear playbook to deliver long-term earnings growth and value creation for all stakeholders. We have all the tools in place to innovate more quickly, to operate more productively, and to invest more prudently to deliver value creating growth, higher returns and enhanced shareholder value.”
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