Dow Announces Peroxymeric Chemicals Exit
Midland, MI - September 06, 2006 - The Dow Chemical Company (“Dow”) has announced that it is exiting the Peroxymeric Chemicals (PXC) business, with production ceasing for most products by October 31, 2006. The exit comes following a period of declining revenue and poor market conditions for these products.
The business will continue offering CYRACURE™ photoinitiators, produced by a third party on Dow’s behalf, to support its UV cure customers. However, all other PXC products will be discontinued, including: CYRACURE and ERL cycloaliphatic epoxides; FLEXOL™ EPO and LOE epoxidized oils; and TONE™ caprolactone monomers and polymers, TONE polyols and TONE m-series caprolactone acrylate.
“We are taking every reasonable step to minimize disruption to our customers’ operations and help them through the transition to new products and sources of supply,” said James Sloan, global PXC product manager. “While we have valued serving our loyal customers, we can no longer justify the high cost of participating in the market or further investing in the business based on insufficient returns and increasingly poor market conditions for these products.”
PXC products are specialty chemicals that go into a wide variety of end use products, including: electrical insulators, insulation tapes, high-voltage coils and transformers, automotive primers and topcoats, roofing and appliance finishes, shoe adhesives and more.
About The Dow Chemical Company
Dow is a diversified chemical company that harnesses the power of science and technology to constantly improve what is essential to human progress. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
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