Dow creates Performance Plastics division

Dow creates Performance Plastics division

3:58 PM, 8th June 2011
Dow creates Performance Plastics division
Andrew Liveris, Chairman and CEO, Dow Chemical

MIDLAND, US: Dow Chemical has created a new division, Performance Plastics, to focus on high value market driven solutions in applications such as packaging, hygiene, food and telecommunications. The Performance Plastics Division will be comprised of all Dow plastics including solution polyethylene, wire & cable, elastomers, films and packaging resins and will include the packaging and converting unit that is currently part of the Advanced Materials Division. Howard Ungerleider has been named Senior Vice President for Dow and President for the newly formed Performance Plastics Division. Ungerleider was earlier the Vice President for investor relations.

 

In a related move, Jim Fitterling, Executive VP, adds Corporate Development to his current Hydrocarbons Divisional leadership role. In addition, the Chlorinated Solvents business will move to the Performance Products and Systems Division and report to Juan Luciano, Executive VP and President of this Division. Dow will now have six Business Divisions: Dow Agrosciences, Advanced Materials, Performance Products and Systems, Performance Plastics, Chemicals and Energy, and Hydrocarbons, the first four driven by markets and technology and the latter two driven by assets and feedstocks. "These leadership and business moves are designed to further our transformation and strategic shift to a diversified industry-leading portfolio. These will deliver a broad range of technology-based products and solutions to customers around the world," said Andrew Liveris, Chairman and CEO, Dow Chemical.

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