Dow announces investment plans in Dow Corning, polyurethanes businesses

Midland, Michigan – Dow Chemical Corp. has announced plans for major investments in the US, driven by “positive investment environment” in the country.

During an 11 May annual shareholders' meeting, company officials announced plans for “an additional” $400 million (€368 million) investment to integrate Dow and Dow Corning's manufacturing operations.

Dow did not further explain what the investment will include.

Among other plans was an unspecified series of investments to strengthen Dow's polyurethanes franchise.

These investments, said Dow, will be aimed at driving downstream speciality polyols and systems growth.

"Today's announcement underscores Dow's commitment to driving the next phase of our growth through a comprehensive set of investments that will benefit our shareholders, customers, employees and the communities in which we operate," Dow chairman and CEO Andrew Liveris said in a news release.

"The positive investment environment in the US chemical and materials sector, driven by competitive feedstocks and a skilled workforce, is a driver for Dow to further invest in the US."