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- Title
Dow reveals shock profit.
- Abstract
The article reports that Dow Chemical posted a profit of $24 million in the first quarter of 2009. Dow chief executive officer Andrew Liveris shares that the profits were a result of the cost cutting measures implemented in 2008. It is stated that Dow sold its calcium chloride business to Occidental Petroleum, allowing them to net $210 million from the sale. The author shares that Dow is selling its stake in Total Raffinaderij Nederland to Valero Energy for an estimated $725 million.
- Subjects
DOW Chemical Co.; CORPORATE profits; LIVERIS, Andrew, 1954-; COST control; CALCIUM chloride; OCCIDENTAL Petroleum Corp.; TOTAL Raffinaderij Nederland NV; VALERO Energy Corp.
- Publication
TCE: The Chemical Engineer, 2009, Issue 816, p4
- ISSN
0302-0797
- Publication type
Article