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Dow to Reduce Acrylate Capacity by 20%

Monday, February 8, 2016

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Multinational chemical corporation The Dow Chemical Company has announced that its Dow Performance Monomers business unit will be reducing acrylate capacity by 20 percent at its Deer Park Operations in Deer Park, TX.

Acrylates are used in a variety of applications including adhesives, coatings, inks, plastics and superabsorbent products.

Response to Market Conditions

In addition to shutdown of acrylic capacity, other actions are being undertaken to address current market conditions, the company said in a statement issued Wednesday (Feb. 3).

The Dow Chemical Company
The Dow Chemical Company

Dow Performance Monomers has announced the shutting down of 20 percent of acrylate capacity at its Deer Park Operations, the company announced.

The company also plans to optimize turnaround and structural costs and will explore co-producer supply agreements, it added.

"We are taking these actions to address the impact of the global acrylates trough and to more strongly align the business’ acrylate production to business priorities: providing downstream business needs for growth and supplying those customers that value long-term, reliable acrylate supply,” said Todd Prey, Global Business Director, Methacrylates and Acrylates.

The company said its expects these actions will have an impact on near and long-term business.

About Dow

Dow's integrated, market-driven, 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 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture.

In 2015, Dow had annual sales of nearly $49 billion and employed approximately 49,500 people worldwide. The company's more than 6,000 product families are manufactured at 179 sites in 35 countries across the globe.

   

Tagged categories: Acrylate; Business matters; Coating Business; Dow Chemical Company; Industry News

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