Dow Chemical said it is divesting its calcium chloride business and its interests in TRN refinery. The company says it signed two separate sale agreements totalling in excess of $900 million. Dow says its plans to pay down debt and enhance cash flow are progressing ahead of schedule. The sales of non-strategic assets announced so far this year now total in excess of $2.6 billion.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Compelling solutions through strategic partnerships
BASF sells a majority stake in its coatings business to the investor Carlyle.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
