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Chang, Joseph
January 2008
ICIS Chemical Business;1/7/2008, Vol. 273 Issue 1, p11
Trade Publication
The article reports that Dow Chemical will now shift its focus to the growth of its specialty chemical business with the creation of a 50/50 joint venture (JV) with Kuwait Petroleum Corporation's Petrochemical Industries Co. (PIC). Dow values the businesses it is putting in the JV at $19bn. The company will receive a $9.5bn payment from PIC in exchange for its 50% stake. The assets from Dow generate around $12bn in sales.


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