New York – It will be “business as usual” as Dow Chemical puts its epoxy and chlorine businesses on the market, a company spokeswoman told UTECH-polyurethane.com.
Last week it was reported that combined, the company’s epoxy and chlorine businesses have annual EBITDA (earnings before interest, taxes, depreciation and amortisation) of close to $500m.
Further disclosure from close sources put the asset's value at $3.5 to $4bn.
Dow's business communications manager, polyurethanes, EMEA Uta Uenal said: “As Dow moves forward with its plans to separate a number of its chlorine chain businesses, the company is conducting business as usual with no expectation of disruption to production processes.”
That includes the quality and supply of chlorine for the production of isocyanates and propylene oxide for polyols, added Uenal.
Goldman Sachs Group and Barclays will manage the process, the sources also said.