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› Dow Confirms Receipt Of $2.2 B In Cash Proceeds From Petrochemical Industries Company Of Kuwait
Dow Confirms Receipt Of $2.2 B In Cash Proceeds From Petrochemical Industries Company Of Kuwait
2013-05-07 11:10:00| chemicalonline News Articles
The Dow Chemical Company announced that it has completed final resolution of the K-Dow arbitration with Petrochemical Industries Company of Kuwait (PIC), and confirms today that Dow has received a direct cash payment of $2.2 billion from PIC. Payment reflects the full damages awarded by the International Chamber of Commerce, as well as recovery of Dow’s costs. “Dow and Kuwait share a long history, and payment of this award
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Category:Chemicals