Dow Accelerates Portfolio Management Actions to Divest Non-Core Businesses; Targets More Than $1 Billion in Proceeds

Thu Mar 14, 2013 9:00am EDT

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MIDLAND, Mich.--(Business Wire)--
The Dow Chemical Company (NYSE: DOW) today announced additional actions to
accelerate the Company`s ongoing commitment to aggressive portfolio management,
as outlined at its Investor Forum in December 2012. As a result of thorough,
ongoing portfolio reviews in a slow-growth world, Dow is targeting an increased
divestiture list of nearly $1.5 billion over the next 18 months. Further, the
Company has identified two units that will be actively marketed for divestment:
Dow`s Polypropylene Licensing and Catalysts business unit and its Plastics
Additives business unit. 

"Today`s announcement is yet another proof point of Dow`s rigorous focus on
return on capital, and is squarely in line with commitments we made earlier this
year," said Andrew N. Liveris, Dow`s chairman and chief executive officer. "We
are reviewing our entire portfolio and seeking even further opportunities to
optimize value: selectively pruning assets that are no longer a strategic or
financial fit - all in an effort to accelerate value creation and deliver
long-term, sustainable growth for the Company." 

These actions are the latest in a series of steps the Company has taken to
further enhance Dow`s leadership position in high-margin, fast-growing
end-markets, while simultaneously optimizing the value of assets. Since 2009,
Dow has divested non-core businesses representing approximately $8 billion in
revenue. In January, the Company divested the stabilizers component of its
Plastics Additives business, and entered into a definitive agreement to sell its
50 percent ownership in Nippon Unicar Company Limited (a Japanese joint venture
in the Dow Electrical and Telecommunications business). 

About Dow Polypropylene Licensing and Catalysts

Dow Polypropylene Licensing and Catalysts offers industry-leading technology for
producing polypropylene, including UNIPOL PP Process Technology, CONSISTA D7000
Donor and SHAC Catalyst with Advanced Donor Technology (ADT). 

About Dow Plastics Additives

Dow Plastics Additives is a worldwide supplier of additives used in a large
variety of applications ranging from construction materials and packaging
containers to consumer appliances and electronics, business machines and
automotive parts. 

About Dow

Dow (NYSE: DOW) combines the power of science and technology to passionately
innovate what is essential to human progress. The Company connects chemistry and
innovation with the principles of sustainability to help address many of the
world's most challenging problems such as the need for clean water, renewable
energy generation and conservation, and increasing agricultural productivity.
Dow's diversified industry-leading portfolio of specialty chemical, advanced
materials, agrosciences and plastics businesses delivers a broad range of
technology-based products and solutions to customers in approximately 160
countries and in high growth sectors such as electronics, water, energy,
coatings and agriculture. In 2012, Dow had annual sales of approximately $57
billion and employed approximately 54,000 people worldwide. The Company's more
than 5,000 products are manufactured at 188 sites in 36 countries across the
globe. References to "Dow" or the "Company" mean The Dow Chemical Company and
its consolidated subsidiaries unless otherwise expressly noted. More information
about Dow can be found at 

Note: The forward-looking statements contained in this document involve risks
and uncertainties that may affect the Company`s operations, markets, products,
services, prices and other factors as discussed in filings with the Securities
and Exchange Commission. These risks and uncertainties include, but are not
limited to, economic, competitive, legal, governmental and technological
factors. Accordingly, there is no assurance that the Company`s expectations will
be realized. The Company assumes no obligation to provide revisions to any
forward-looking statements should circumstances change, except as otherwise
required by securities and other applicable laws.

®TM Trademark of The Dow Chemical Company ("Dow") or an affiliated company of

The Dow Chemical Company
For editorial information:
Rebecca Bentley
+1 (989) 638-8568
Nancy Lamb
+1 (989) 638-7251

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