Sunday, February 15, 2009

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:

Adam Lee said...

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?