DowDuPont Unit To Expand Global Glycol Ethers Capacity
Zacks Investment Research | Jun 19, 2018 03:41AM ET
DowDuPont Inc.’s (NYSE:DWDP) subsidiary — The Dow Chemical Company (NYSE:DOW) — has declared a series of phased, incremental investments for expanding its global glycol ethers facility. The move will help the company to address the increasing demand in major end-markets and applications. Once completed, the company’s existing capacity of these product lines is expected to nearly double.
Notably, the company intends to boost production capacity of select p-series and performance glycol ethers product lines, which includes Dowanol Glycol Ethers, through a series of seven de-bottlenecking and incremental expansion projects. Phased investments will start this year and is likely to continue over the next several years. The company expects first increments of the new capacity to be available by end of 2019.
Per the company, demand for glycol ethers is rising due to evolving and stricter regulations, escalating sustainability challenges, urbanization and a growing middle class. Glycol ethers are used in various applications to help deliver improved performance and reduced environmental and health impacts of the end products.
DowDuPont’s shares have gained 2.1% over the past three months, modestly outperforming the Zacks Investment Research
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