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US-based Dow Chemical is aiming to sell its polypropylene business

May 18/2011

(ICIS) -- US-based Dow Chemical is aiming to sell its polypropylene (PP) business and its PP catalyst licensing business separately, sources in the financial community said on Tuesday. They are bringing the PP business and the PP catalyst licensing business to market separately, said one source. US-based investment bank Citi is handling the sales, sources said. While Dow has not officially said its PP business is for sale, it has hinted at a divestiture.


Commodity plastics that have anything to do with propylene ­or ethylene, in the long-term, will not be in Dow's future, said Dow chairman and CEO Andrew Liveris, on the companys first-quarter
conference call in late April.


While Liveris would not identify which plastics businesses were being considered for divestiture, its PP and high density PE (HDPE) units were classified under basic plastics in its first-quarter earnings presentation.


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