Cracking deal
Article Abstract:
Dow Chemical is to acquire Union Carbide, creating a company with a market capitalization of over $35 billion. Chemical companies have been under pressure from institutional investors to specialise and Union Carbide specialized in commodity chemicals and was hit by a cyclical downturn. The company has also faced consolidation in its markets, so has become more vulnerable to globalization. Globalization has meant pressure on margins from major customers such as car producers.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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In search of alchemy: the chemicals industry
Article Abstract:
Unilever's decision to divest its chemicals companies, worth an estimated $8 billion, resulted from its decision to restructure itself due to more international competition. US chemicals firms have the greatest market share, a condition unlikely to change.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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Chemical reaction
Article Abstract:
Tasks facing Dow Chemical boss, Michael Parker, are examined in detail, as are trends in the US chemical industry.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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