DowDuPont Unit To Invest In Flexible Alkoxylation Facility
Zacks Investment Research | Jun 20, 2018 09:30PM ET
DowDuPont Inc.’s (NYSE:DWDP) subsidiary — The Dow Chemical Company (NYSE:DOW) — recently declared plans to invest in an alkoxylation facility on the U.S. Gulf Coast. The move is likely to support global growth in its core end-markets including personal care, infrastructure and home. Additionally, the facility will also support the company’s end-markets where it is strengthening position for its brands such as Triton, Ecosurf, Tergitol, Carbowax and Sentry.
Per the company, there is a strong demand for alkoxylate products across sectors like consumer, industrial and manufacturing. These investments will expand the production capacity and enable it to address value chain and customer needs.
Notably, the planned expansion is in addition to several incremental debottlenecking projects, which are being conducted across the company’s global alkoxylation production units. These projects are likely to support the growing demand in the Americas, Europe and Asia.
DowDuPont’s shares have gained 3.3% over the past three months, outperforming the Zacks Investment Research
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