Mar 28, 2024 11:15 p.m.

Dow Chemical to shut PE plants amid lackluster demand

Dow Chemical to shut PE plants amid lackluster demand

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According to market sources, USA based Dow Chemical is planning to shut three PE plants in the USA and Argentina to avoid piling inventories amid sluggish global demand conditions due to the COVID-19 related lockdown.

According to the company, in the first quarter of the year, demand from the packaging and specialty plastics sector were stable to slightly improved, however, sales in the industrial intermediates and infrastructure remained weak.

The company plans to take off-line one PE line in Freeport, Texas, one gas-based PE line in Seadrift, Texas, and another gas-based PE line in Bahia Blanca, Argentina. Besides, two elastomer units in Louisiana would also be shut. 

These plants have a combined capacity of 907,000 tons/year and would remain shut for one month.  

Country

USA