dow chemical co/the (DOW) Key Developments
Dow Chemical to Invest $51 Million in Bahia Blanca, Argentina
Apr 2 15
Dow Chemical is investing $51 million to increase capacity at its four polyethylene (PE) units in Bahia Blanca, Argentina. The goal of the investment is to allow Dow to gain market share in Argentina by competing with imports. The plan is to produce locally the resin volumes that currently are imported, mostly from Brazil, but some from the US, among other countries. The project will increase the production capacity of low density polyethylene (LDPE), high density polyethylene (HDPE) and linear low density polyethylene (LLDPE), widely used by downstream industries to make flexible and rigid packaging products used for health and hygiene, pipelines and industrial and agricultural films, among others. The project is expected to be up and running by the end of 2016.
Olin Corp., The Dow Chemical Company - M&A Call
Mar 27 15
To discuss the spin off chlorine business and the deal to take majority stake in Olin Corp
The Dow Chemical Company Enters into $5.0 Billion Five Year Competitive Advance and Revolving Credit Facility Agreement
Mar 24 15
On March 24, 2015, The Dow Chemical Company entered into a $5.0 billion Five Year Competitive Advance and Revolving Credit Facility Agreement (the Revolving Credit Agreement) with the banks party thereto, Citibank, N.A., as administrative agent for the banks, and HSBC Bank USA, National Association, as syndication agent for the banks. The Revolving Credit Agreement contains, among other provisions, covenants and default provisions that are substantially the same as those contained in the company's prior revolving credit facility agreement, including the covenant to maintain the ratio of the company's consolidated indebtedness to consolidated capitalization at no greater than 0.65 to 1.00 at any time when the aggregate outstanding amount of loans under the Revolving Credit Agreement equals or exceeds $500.0 million.
RIO 2016 Hockey Tournament to Be Played on Artificial Turf Made with Dow Technologies
Mar 24 15
Building on the success of the London 2012 Olympic Games experience, the innovative artificial turf solution based on The Dow Chemical Company’s polyethylene (PE) and polyurethane (PU) technologies will be the official playing surface for hockey competitions during the Rio 2016 Olympic Games, at the Deodoro Olympic Park. Dow is working once again with Polytan STI to deliver a higher-performing, more reliable and faster artificial turf for the world’s hockey players in Rio. Two pitches and one warm-up area at Deodoro, as well as two additional pitches to be built at the Federal University of Rio, will benefit from a comprehensive playing surface that consists of specific high-performing materials formulated together in multiple layers. The surface system is designed to deliver enhanced durability for increased pitch life, and a consistent field-of-play throughout the busy Olympic competition schedule. The production of synthetic turf is a highly elaborated process. The system begins with the production of the master batch and the yarn for the turf. The subsequent tufting and backing process provide a strong turf bind, even when the surface is wet. For the upper surface layer, the polymer yarn provides wear resistance and energy absorption, combined with softness and speed. The complete turf system, including embedded shock pad properties, provides stability, durability, shock absorption and force reduction properties for the benefit of the players and the game. Beyond the Olympic athletes, citizens of Rio will largely benefit from the innovative playing surfaces to be installed in Deodoro, as the Park will remain as one of the main legacy projects for the city after the Games have concluded. Dow and its customer plan to donate material to support the construction of the Deodoro pitches and enable the long-term use of the fields.
The Dow Chemical Company Seals 200-MW Wind Power Purchase Agreement
Mar 13 15
The Dow Chemical Co has struck a 200-MW power purchase agreement tied to a wind park that will be built in South Texas. The particular wind project is being developed by a unit of Bordas Wind Energy LLC, which in turn is a joint venture between MAP and Enerverse LLC. It is scheduled for completion in the first quarter of 2016. The company will purchase the electricity generated by the wind park so it could power its Freeport manufacturing facility. The amount of electricity it would buy each year is estimated to be enough to cover the annual needs of over 55,000 households. The company has committed to secure 400 MW of clean power by 2025.