{"id":866706,"date":"2025-07-07T06:04:35","date_gmt":"2025-07-07T10:04:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/"},"modified":"2025-07-07T06:04:35","modified_gmt":"2025-07-07T10:04:35","slug":"dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/","title":{"rendered":"Dow will shut down three upstream European assets in response to structural challenges in the region"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<ul type=\"disc\">\n<li>\n          <i>Right-sizing upstream regional capacity, reducing merchant sale exposure, and removing higher-cost, energy-intensive assets<\/i>\n        <\/li>\n<li>\n          <i>Building on <span class=\"xn-chron\">April 2025<\/span> announcement through actions across the Company&#8217;s three operating segments to support European profitability<\/i>\n        <\/li>\n<li>\n          <i>Asset shutdowns will result in Op. EBITDA uplift beginning in 2026, ramping to 50% of the <span class=\"xn-money\">~$200 million<\/span> target by end-2027 and full delivery by 2029<\/i>\n        <\/li>\n<\/ul>\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">MIDLAND, Mich.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">July 7, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4462893-1&amp;h=1300208705&amp;u=https%3A%2F%2Fcorporate.dow.com%2Fen-us%2F&amp;a=Dow\" target=\"_blank\" rel=\"nofollow\">Dow<\/a>\u00a0(NYSE: DOW) announced today that, as a follow-up to the European asset actions first announced in <span class=\"xn-chron\">April 2025<\/span>, its Board of Directors has approved the shutdown of three upstream assets in <span class=\"xn-location\">Europe<\/span>, in addition to certain corporate and other assets across the Company&#8217;s global asset footprint:<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1556013\/The_Dow_Chemical_Company_Logo.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1556013\/The_Dow_Chemical_Company_Logo.jpg\" title=\"Dow, Inc. (PRNewsfoto\/The Dow Chemical Company)\" alt=\"Dow, Inc. (PRNewsfoto\/The Dow Chemical Company)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<ul type=\"disc\">\n<li>\n          <b>Packaging &amp; Specialty Plastics<\/b>: Ethylene cracker in B\u00f6hlen, <span class=\"xn-location\">Germany<\/span>; shutdown expected in 4Q27<\/li>\n<li>\n          <b>Industrial Intermediates &amp; Infrastructure<\/b>: Chlor-alkali &amp; vinyl (CAV) assets in Schkopau, <span class=\"xn-location\">Germany<\/span>; shutdown expected in 4Q27<\/li>\n<li>\n          <b>Performance Materials &amp; Coatings<\/b>: Basics siloxanes plant in <span class=\"xn-location\">Barry<\/span>, U.K.; shutdown expected mid-year 2026<\/li>\n<\/ul>\n<p>The shutdown of upstream assets in <span class=\"xn-location\">Europe<\/span> will right-size regional capacity, reduce merchant sale exposure, and remove higher-cost, energy-intensive portions of Dow&#8217;s portfolio in the region. This will improve our ability to supply profitable derivative demand and optimize margins.<\/p>\n<p>&#8220;Our industry in <span class=\"xn-location\">Europe<\/span> continues to face difficult market dynamics, as well as an ongoing challenging cost and demand landscape,&#8221; said <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4462893-1&amp;h=1264473883&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D4365669-1%26h%3D928999966%26u%3Dhttps%253A%252F%252Fcorporate.dow.com%252Fen-us%252Fabout%252Fcompany%252Fleadership%252Fjim-fitterling.html%26a%3DJim%2BFitterling%23xd_co_f%3DNWU5MTc3MGItMzc0Ni00OGE5LTk4YzAtOTk2NGNjMmJhYjNl%7E&amp;a=Jim%C2%A0Fitterling\" target=\"_blank\" rel=\"nofollow\">Jim\u00a0Fitterling<\/a>, Dow chair and CEO. &#8220;Over the past decade, we have demonstrated Dow&#8217;s commitment to operating with a best-owner mindset by taking proactive actions across higher-cost or non-strategic assets. Looking ahead, we remain committed to realizing the value of our incremental growth investments and enhancing profitability and cash flow through more than $6\u00a0billion in near-term cash support.&#8221;<\/p>\n<p>In <span class=\"xn-chron\">April 2025<\/span>, the Company <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4462893-1&amp;h=1608642756&amp;u=https%3A%2F%2Fs23.q4cdn.com%2F981382065%2Ffiles%2Fdoc_financials%2F2025%2Fq1%2FDow-1Q25-Earnings-News-Release.pdf&amp;a=announced\" target=\"_blank\" rel=\"nofollow\">announced<\/a>\u00a0it had identified three assets in <span class=\"xn-location\">Europe<\/span> for action across all of its operating segments. On <span class=\"xn-chron\">June 30, 2025<\/span>, Dow&#8217;s Board of Directors approved restructuring actions to rationalize the Company&#8217;s global asset footprint, including these three assets as part of its European review, and certain corporate and other assets.<\/p>\n<p>Dow&#8217;s actions to shut down these assets will result in an Operating EBITDA uplift beginning in 2026, ramping to 50% of the approximate $200\u00a0million target by year-end 2027 with full delivery by 2029, with a cash outlay of approximately $500\u00a0million over four years.<\/p>\n<p>As a result of these actions, the Company will record charges ranging from $630\u00a0million to $790\u00a0million, for both non-cash items\u2014such as asset write-downs and write-offs\u2014and cash items, such as exit and disposal of assets, as well as severance and related benefit costs.<\/p>\n<p>The shutdown of the assets is expected to begin in mid-2026 and is estimated to be complete by the end of 2027, with potential decommissioning and demolition to continue into 2029 as needed.<\/p>\n<p>Approximately 800 Dow roles will be impacted as a result of these actions. These roles are in addition to the $1\u00a0billion cost savings actions <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4462893-1&amp;h=4038991573&amp;u=https%3A%2F%2Fcorporate.dow.com%2Fen-us%2Fnews%2Fpress-releases%2Fdow-announces-targeted-actions-to-deliver--1b-in-cost-savings.html&amp;a=announced+in+January\" target=\"_blank\" rel=\"nofollow\">announced in January<\/a>\u00a0that included a workforce reduction of approximately 1,500 Dow roles globally.<\/p>\n<p>Dow will involve local stakeholders as defined in each country and in compliance with relevant information and consultation processes.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prnpr2 prnpl2 prnvam prntac prncbts prnbrbrs prnbbbs prnbsbls\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Asset<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Estimated<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Shutdown <br \/>Timing<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Implementation <br \/>Timing<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Cash Outlay <br \/>($MM)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prntac prncbts prnbrbrs prnbbbs prnsblb1\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Op. EBITDA <br \/>Uplift at Full <br \/>Run Rate <br \/>($MM)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Average Capex <br \/>Avoidance<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>($MM\/year)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>P&amp;SP: B\u00f6hlen Cracker<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">4Q27<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">2027 &#8211; 2029<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$130<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$60<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$20<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>II&amp;I: <\/b><br \/>\n                  <b>Schkopau CAV<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">4Q27<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">2026 &#8211; 2029<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$80<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$10<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$15<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>PM&amp;C: Barry Siloxane<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Mid-2026<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">2026 &#8211; 2029<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$180<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$90<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$20<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Corporate and Other Actions<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">2026 &#8211; 2028<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">2026 &#8211; 2028<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$120<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$40<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">$5<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Total<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n              \n            <\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">~$500<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">~$200<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">~$60<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>About Dow<br \/><\/b>Dow (NYSE: DOW) is one of the world&#8217;s leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications.\u00a0Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 30\u00a0countries and employ approximately\u00a036,000\u00a0people. Dow delivered sales of approximately\u00a0$43 billion\u00a0in 2024. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4462893-1&amp;h=2577748337&amp;u=http%3A%2F%2Fwww.dow.com%2F&amp;a=www.dow.com\" target=\"_blank\" rel=\"nofollow\">www.dow.com<\/a>.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>For further information, please contact:<\/p>\n<p><\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Investors:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b><br \/>\n                    <span class=\"prnews_span\">Media:<\/span><br \/>\n                  <\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Andrew Riker\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Rachelle Schikorra<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <a href=\"mailto:ajriker@dow.com\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">ajriker@dow.com<\/a>\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen8\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <a href=\"mailto:ryschikorra@dow.com\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">ryschikorra@dow.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>X:\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4462893-1&amp;h=812768401&amp;u=https%3A%2F%2Ftwitter.com%2FDowNewsroom&amp;a=https%3A%2F%2Ftwitter.com%2FDowNewsroom\" target=\"_blank\" rel=\"nofollow\">https:\/\/twitter.com\/DowNewsroom<\/a>\u00a0<br \/>Facebook: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4462893-1&amp;h=2334311786&amp;u=https%3A%2F%2Fwww.facebook.com%2Fdow%2F&amp;a=https%3A%2F%2Fwww.facebook.com%2Fdow%2F\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.facebook.com\/dow\/<\/a>\u00a0<br \/>LinkedIn: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4462893-1&amp;h=517720298&amp;u=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fdow-chemical&amp;a=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fdow-chemical\" target=\"_blank\" rel=\"nofollow\">http:\/\/www.linkedin.com\/company\/dow-chemical<\/a>\u00a0<br \/>Instagram: <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4462893-1&amp;h=978448579&amp;u=http%3A%2F%2Finstagram.com%2Fdow_official&amp;a=http%3A%2F%2Finstagram.com%2Fdow_official\" target=\"_blank\" rel=\"nofollow\">http:\/\/instagram.com\/dow_official<\/a>\u00a0<\/p>\n<p>\n        <b>Cautionary Statement about Forward-Looking Statements <\/b>\n      <\/p>\n<p>Certain statements in this press release are &#8220;forward-looking statements&#8221; within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements often address expected future business and financial performance, financial condition, and other matters, and often contain words or phrases such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;could,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;intend,&#8221; &#8220;may,&#8221; &#8220;opportunity,&#8221; &#8220;outlook,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; &#8220;seek,&#8221; &#8220;should,&#8221; &#8220;strategy,&#8221; &#8220;target,&#8221; &#8220;will,&#8221; &#8220;will be,&#8221; &#8220;will continue,&#8221; &#8220;will likely result,&#8221; &#8220;would&#8221; and similar expressions, and variations or negatives of these words or phrases.<\/p>\n<p>Forward-looking statements are based on current assumptions and expectations of future events that are subject to risks, uncertainties and other factors that are beyond Dow&#8217;s control, which may cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements and speak only as of the date the statements were made. These factors include, but are not limited to: sales of Dow&#8217;s products; Dow&#8217;s expenses, future revenues and profitability; any sanctions, export restrictions, supply chain disruptions or increased economic uncertainty related to the ongoing conflicts between <span class=\"xn-location\">Russia<\/span> and <span class=\"xn-location\">Ukraine<\/span> and in the <span class=\"xn-location\">Middle East<\/span>; capital requirements and need for and availability of financing; unexpected barriers in the development of technology, including with respect to Dow&#8217;s contemplated capital and operating projects; Dow&#8217;s ability to realize its commitment to carbon neutrality on the contemplated timeframe, including the completion and success of its integrated ethylene cracker and derivatives facility in <span class=\"xn-location\">Alberta, Canada<\/span>; size of the markets for Dow&#8217;s products and services and ability to compete in such markets; Dow&#8217;s ability to develop and market new products and optimally manage product life cycles; the rate and degree of market acceptance of Dow&#8217;s products; significant litigation and environmental matters and related contingencies and unexpected expenses; the success of competing technologies that are or may become available; the ability to protect Dow&#8217;s intellectual property in <span class=\"xn-location\">the United States<\/span> and abroad; developments related to contemplated restructuring activities and proposed divestitures or acquisitions such as workforce reduction, manufacturing facility and\/or asset closure and related exit and disposal activities, and the benefits and costs associated with each of the foregoing; fluctuations in energy and raw material prices; management of process safety and product stewardship; changes in relationships with Dow&#8217;s significant customers and suppliers; changes in public sentiment and political leadership; increased concerns about plastics in the environment and lack of a circular economy for plastics at scale; changes in consumer preferences and demand; changes in laws and regulations, political conditions, tariffs and trade policies, or industry development; global economic and capital markets conditions, such as inflation, market uncertainty, interest and currency exchange rates, and equity and commodity prices; business, logistics, and supply disruptions; security threats, such as acts of sabotage, terrorism or war, including the ongoing conflicts between <span class=\"xn-location\">Russia<\/span> and <span class=\"xn-location\">Ukraine<\/span> and in the <span class=\"xn-location\">Middle East<\/span>; weather events and natural disasters; disruptions in Dow&#8217;s information technology networks and systems, including the impact of cyberattacks; risks related to Dow&#8217;s separation from DowDuPont Inc. such as Dow&#8217;s obligation to indemnify DuPont de Nemours, Inc. and\/or Corteva, Inc. for certain liabilities; and any global and regional economic impacts of a pandemic or other public health-related risks and events on Dow&#8217;s business.<\/p>\n<p>Where, in any forward-looking statement, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of management and expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the expectation or belief will result or be achieved or accomplished. A detailed discussion of principal risks and uncertainties which may cause actual results and events to differ materially from such forward-looking statements is included in the section titled &#8220;Risk Factors&#8221; contained in the Company&#8217;s Annual Report on Form 10-K for the year ended <span class=\"xn-chron\">December 31, 2024<\/span>, and the Company&#8217;s subsequent Quarterly Reports on Form 10-Q. These are not the only risks and uncertainties that Dow faces. There may be other risks and uncertainties that Dow is unable to identify at this time or that Dow does not currently expect to have a material impact on its business. If any of those risks or uncertainties develops into an actual event, it could have a material adverse effect on Dow&#8217;s business. Dow Inc. and The Dow Chemical Company and its consolidated subsidiaries assume no obligation to update or revise publicly any forward-looking statements whether because of new information, future events, or otherwise, except as required by securities and other applicable laws.<\/p>\n<p>\u00aeTM Trademark of The Dow Chemical Company or an affiliated company of Dow\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC24629&amp;sd=2025-07-07\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region-302498710.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region-302498710.html<\/a><\/p>\n<p>SOURCE  The Dow Chemical Company<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC24629&amp;Transmission_Id=202507070600PR_NEWS_USPR_____DC24629&amp;DateId=20250707\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Right-sizing upstream regional capacity, reducing merchant sale exposure, and removing higher-cost, energy-intensive assets Building on April 2025 announcement through actions across the Company&#8217;s three operating segments to support European profitability Asset shutdowns will result in Op. EBITDA uplift beginning in 2026, ramping to 50% of the ~$200 million target by end-2027 and full delivery by 2029 MIDLAND, Mich. , July 7, 2025 \/PRNewswire\/ &#8212; Dow\u00a0(NYSE: DOW) announced today that, as a follow-up to the European asset actions first announced in April 2025, its Board of Directors has approved the shutdown of three upstream assets in Europe, in addition to certain corporate and other assets across the Company&#8217;s global asset footprint: Packaging &amp; Specialty Plastics: Ethylene cracker in B\u00f6hlen, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dow will shut down three upstream European assets in response to structural challenges in the region&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-866706","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dow will shut down three upstream European assets in response to structural challenges in the region - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dow will shut down three upstream European assets in response to structural challenges in the region - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Right-sizing upstream regional capacity, reducing merchant sale exposure, and removing higher-cost, energy-intensive assets Building on April 2025 announcement through actions across the Company&#8217;s three operating segments to support European profitability Asset shutdowns will result in Op. EBITDA uplift beginning in 2026, ramping to 50% of the ~$200 million target by end-2027 and full delivery by 2029 MIDLAND, Mich. , July 7, 2025 \/PRNewswire\/ &#8212; Dow\u00a0(NYSE: DOW) announced today that, as a follow-up to the European asset actions first announced in April 2025, its Board of Directors has approved the shutdown of three upstream assets in Europe, in addition to certain corporate and other assets across the Company&#8217;s global asset footprint: Packaging &amp; Specialty Plastics: Ethylene cracker in B\u00f6hlen, &hellip; Continue reading &quot;Dow will shut down three upstream European assets in response to structural challenges in the region&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-07T10:04:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1556013\/The_Dow_Chemical_Company_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Dow will shut down three upstream European assets in response to structural challenges in the region\",\"datePublished\":\"2025-07-07T10:04:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\\\/\"},\"wordCount\":1502,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1556013\\\/The_Dow_Chemical_Company_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\\\/\",\"name\":\"Dow will shut down three upstream European assets in response to structural challenges in the region - 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EBITDA uplift beginning in 2026, ramping to 50% of the ~$200 million target by end-2027 and full delivery by 2029 MIDLAND, Mich. , July 7, 2025 \/PRNewswire\/ &#8212; Dow\u00a0(NYSE: DOW) announced today that, as a follow-up to the European asset actions first announced in April 2025, its Board of Directors has approved the shutdown of three upstream assets in Europe, in addition to certain corporate and other assets across the Company&#8217;s global asset footprint: Packaging &amp; Specialty Plastics: Ethylene cracker in B\u00f6hlen, &hellip; Continue reading \"Dow will shut down three upstream European assets in response to structural challenges in the region\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/","og_site_name":"Market Newsdesk","article_published_time":"2025-07-07T10:04:35+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1556013\/The_Dow_Chemical_Company_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Dow will shut down three upstream European assets in response to structural challenges in the region","datePublished":"2025-07-07T10:04:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/"},"wordCount":1502,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1556013\/The_Dow_Chemical_Company_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-will-shut-down-three-upstream-european-assets-in-response-to-structural-challenges-in-the-region\/","name":"Dow will shut down three upstream European assets in response to structural challenges in the region - 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