Dow Polyurethane Technologies

January 30, 2025 | Midland, Michigan (Dow Inc.)

Dow, a global chemical giant, has initiated a comprehensive review of its European assets, focusing primarily on its polyurethane business. This decision comes as the company navigates persistent economic challenges and a complex regulatory environment in the region.

The review will assess the competitiveness of key facilities producing methylene diphenyl diisocyanate (MDI), propylene oxide, and polyether polyols—assets that generated approximately $2.9 billion in annual sales in 2023. Dow aims to optimize value through its "best-owner" strategy, with plans to complete the evaluation by mid-2025.

Jim Fitterling, CEO of Dow, emphasized the importance of adapting to market conditions while maintaining a value-driven approach. He noted that selling assets rather than closing them could align better with the company's long-term objectives.

This move reflects broader industry trends as other chemical companies reevaluate their European operations due to high production costs and stringent regulations.

Despite these challenges, Dow remains committed to strengthening its global portfolio while addressing regional complexities, reporting stable performance globally with its third-quarter 2024 sales rising modestly by 1%.

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