ERJ staff report (DS)
Midland, Michigan -- Dow Chemical has formed a new unit specifically for its business which are under strategic review. It has placed its synthetic rubber, and speciality copolymers activities within the unit.
The new business unit is called Dow Portfolio Optimisation. According to Dow each of the businesses within the new unit, "has been earmarked for strategic evaluation, with the goal of defining how best to maximize its long-term value to the Company - whether that be through realignment to other Dow businesses, joint ventures or divestitures. "
â€œWithin any organisation, systematic portfolio management is fundamental to a company's evolution and sits right at the heart of long-term shareholder value creation,â€ said Andrew Liveris, Dow's chairman and chief executive officer. â€œOur newly created portfolio brings this highly important activity squarely into the spotlight, ensuring we drive it forward with discipline, with diligence and with due speed,â€ he continued.
George Biltz, who currently heads the company's specialty plastics and elastomers portfolio, has been appointed business group president of the new portfolio, which will include Saran products and specialty films, polycarbonate, compounds and blends, synthetic rubber, and speciality copolymers. Going forward, the Company expects to align other Dow businesses to the portfolio as they are assessed for strategic alignment with Dow's transformational strategy.
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Press release from Dow Chemical