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Dow Chemical CEO says not quitting Kuwait, but shifting strategy

2014-11-24 19:51:31| Chemicals - Topix.net

Asked about Dow's strategy in Kuwait, Chief Executive Andrew Liveris, speaking on the sidelines of a conference in Dubai, said his company was "moving from doing commodities just for commodities sake, moving more downstream and Kuwait is more about commodities..." Dow Chemical announced earlier this month said that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures, in order to release capital for other strategic purposes. It did not give details.

Tags: strategy chemical ceo kuwait

 

Kuwait to sell Dow Chemical's petchem venture shares to public -exec

2014-11-16 15:25:28| Chemicals - Topix.net

Kuwait plans to offer to the public the shares in Kuwaiti joint ventures which U.S. petrochemicals giant Dow Chemical Co plans to sell off, state news agency KUNA quoted a senior Kuwaiti executive as saying. Dow Chemical announced last week that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures, in order to release capital for other strategic purposes.

Tags: public sell shares kuwait

 
 

Dow Chemical to Sell JV Stakes in Kuwait

2014-11-13 04:40:41| Chemicals - Topix.net

Dow Chemical Co. said it would sell stakes in two petrochemical joint ventures in Kuwait as part of its efforts to streamline its business and raise cash so the company can buy back more of its own shares.

Tags: sell chemical kuwait dow

 

USTR Moves Kuwait to Priority Watch List for Intellectual Property

2014-11-10 09:00:00| Expeditors Newsflash - Americas Edition

Expeditors Newsflash - Americas Edition

Tags: list property watch priority

 

Kuwait awards $4.8bn airport expansion contract to Kharafi National

2014-11-04 01:00:00| Airport Technology

Kuwait International Airport's long-pending expansion will begin shortly with the country awarding a $4.8bn (KD1.4bn) contract to local construction firm Kharafi National.

Tags: national contract awards expansion

 

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