Dow, a materials science company with niche market in consumer care, comfort and packaging industries says it is committed and even better positioned to drive revenue growth and innovate for its customers, leveraging three advantaged building blocks – ethylene, propylene and silicones to power one of the deepest chemistry sets in the industry.
The company says its recent launch with global scale and leading positions in three attractive consumer-driven segments: packaging, infrastructure and consumer care has further positioned it to become a more focused and streamlined materials science company.
Jim Fitterling, chief executive officer of the company said the new Dow is a more focused and streamlined company with a clear playbook to deliver long-term earnings growth and value creation for all stakeholders.
Fitterling stated this after Dow successfully completed its separation from DowDuPont and started regular trading earlier in April, 2019 under the “DOW” ticker symbol.
According to him, “Team Dow is well positioned to achieve our ambition of becoming the most innovative, customer-centric, inclusive and sustainable materials science company”.
“We have all the tools in place to innovate more quickly, to operate more productively, and to invest more prudently to deliver value creating growth, higher returns and enhanced shareholder value.”
“Today we celebrate this milestone with our customers, communities, investors, and Team Dow,” said Howard Ungerleider, president and chief financial officer. “With our focused portfolio, streamlined cost structure, disciplined approach to capital allocation, and shareholder friendly capital return framework, the new Dow has the right capabilities and team to drive best-in-class operating and financial performance.”
On his part, Edosa Obayagbona, Dow managing director, West Africa said the new Dow locally translates into a highly focused, more robust material science product portfolio leveraging expertise from the joint heritage of DowDupont.
“In support of our manufacturing and development aspirations in West Africa driven by customer centricity, collaboration, inclusion and sustainability” he said.
“The new Company will be referred to by the brand name “Dow,” acknowledging the remarkable legacy while also reflecting the company-wide evolution to a materials science solutions provider” Fitterling said.
He further said that Dow is adopting a new brandline – “Seek Together” – which is a call to action that highlights the value of collaboration to deliver innovation and solutions to our customers and value chains.
“It represents the way Dow seeks to collaborate with all of its stakeholders as it delivers on its ambition. The iconic Dow Diamond, which has stood as the Company’s logo for more than 120 years, is unchanged and will continue to be a core element of the Dow brand”, he said.
KELECHI EWUZIE
