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Dow Chemical Co Sees Q4 2012 Charge Guidance-Reuters


Tuesday, 30 Oct 2012 05:38pm EDT 

Reuters reported that Dow Chemical Co will take a fourth-quarter 2012 charge of up to $1.1 billion related to last week's announcement it will close 20 plants, write down the value of its lithium ion battery business and lay off thousands of workers. Dow will record a charge of $900 million to $1.1 billion for the layoffs, plant closures, as well as a write-down of Dow-Kokam LLC, Dow's lithium ion battery joint venture with TK Advanced Battery LLC. 

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