Dow Chemical to start shedding assets?
The situation at Dow Chemical Co. seems to get worse everyday.
Word comes from Indianapolis that Dow may sell Dow AgroSciences, its ag-chemicals-biotech firm.
The Indianapolis Business Journal reports Dow needs to raise cash and that Aussie-born CEO Andrew Liveris has a dozen or so assets on the table.
“We are very proud of the [AgroSciences] business. It’s a high earner. In the last five years, we’ve invested in it. It generated a great R&D pipeline … a lot of great niches and, in fact, good positions around the world in various crops and in various chemical markets,” he said.
“But having said that, I would tell you that all options are on the table.”
1 comment:
I would just like to say that although selling assets isn't always bad for a company, perhaps they want to focus on another product that is more profitable?
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