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MarketScreener Homepage  >  Equities  >  Nyse  >  Dow Inc.    DOW

DOW INC.

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Dow : RENUVA Program Wins Sustainability Award from Chemical Week

11/23/2020 | 08:57am EST

Dow (NYSE: Dow), has won Best Sustainable Product for its RENUVA Mattress Recycling Program in Chemical Week's Sustainability Awards.

The RENUVA Mattress Recycling Program contributes towards recycling end of life polyurethane mattresses in collaboration with the value chain. This project converts polyurethane foams from end-of-life (waste) mattresses back to one of the main chemical building blocks of its polymer - polyol.

'Polyurethane needs to be as valuable at the end of its life as it is at the start,' commented Marcel Moeller, global sustainability director, Dow Polyurethanes. 'Therefore, to address the growing problem of waste, the RENUVA Program is enabling transition to a circular economy in order to stimulate new valuable waste streams and new demand mechanisms.'

'Congratulations to Team Dow on this recognition from Chemical Week,' said Mary Draves, Dow's chief sustainability officer and vice president of Environment, Heatlh and Safety. 'The RENUVA program is one of Dow's signature programs and an excellent example of collaborating across the value chain to close challenging resource loops and advance a circular economy, one of Dow's seven 2025 Sustainability Goals.'

This is Chemical Week's inaugural edition of its Sustainability Awards, initiated to recognize the chemical industry's best efforts to build a more sustainable future. Dow had been named a finalist in three categories, including Best Sustainable Product, Best Sustainable Initiative and Best Sustainability Program. The Best Sustainable Product award recognizes sustainable products that will have the most meaningful impact on environmental or sustainability performance.

To find out more about the RENUVA Program, its fit with Dow's Sustainability Strategy, and to stay up to date on the progress being made by Dow and its collaboration partners, visit the website.

About Dow Polyurethanes

Dow Polyurethanes develops and delivers a broad portfolio of technologies and customized solutions to customers in a variety of industries under its StructuralScience, ComfortScience, MobilityScience and InsulationScience category brands. Applications range from industrial and infrastructure solutions, to consumer comfort solutions in flooring, furniture, bedding and footwear, to automotive solutions for vehicle interior, and energy-efficient insulation materials. The business manufactures and sells key chemical components as well as fully-formulated polyurethane systems for rigid, semi-rigid and flexible foams, and coatings, adhesives, sealants, elastomers and composites. Dow is the world's largest producer of propylene oxide (PO), propylene glycol (PG), and polyether polyols, and is a leading producer of quality aromatic isocyanates, such as MDI. Striving to meet the specific needs of its customers in their local geographic regions, Dow Polyurethanes operates a global network of production sites and systems houses, as well as innovation and service centers. The business has an ongoing initiative to lead the industry in providing high-performance products that meet critical market needs and contribute to a more comfortable, healthier and resilient society.

About Dow

Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure and consumer care. Dow operates 109 manufacturing sites in 31 countries and employs approximately 36,500 people. Dow delivered sales of approximately $43 billion in 2019. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.

Contact:

Email: meisoon.nasralla@porternovelli.be

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 37 651 M - -
Net income 2020 439 M - -
Net Debt 2020 12 582 M - -
P/E ratio 2020 86,8x
Yield 2020 4,96%
Capitalization 42 510 M 42 510 M -
EV / Sales 2020 1,46x
EV / Sales 2021 1,32x
Nbr of Employees 36 500
Free-Float 98,2%
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Average target price 56,56 $
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NameTitle
James R. Fitterling Chairman & Chief Executive Officer
Howard I. Ungerleider President & Chief Financial Officer
Peter Holicki Senior VP-Operations, Manufacturing & Engineering
Attiganal N. Sreeram Chief Technology Officer & Senior Vice President
Melanie Kalmar VP, Chief Information & Digital Officer
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