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Dow Chemical (NYSE:DOW) has decided to team up with Shale Gas Liquids to increase their performance. Dow Chemical (NYSE:DOW) Increasing Performance Dow Chemical (NYSE:DOW) has announced plans to increase ethylene and propylene production and to integrate its U.S. operations into feedstock opportunities available from increasing supplies of U.S. shale gas. Jim Fitterling, the executive vice president and president of Corporate Development & Hydrocarbons at Dow Chemical (NYSE:DOW) said that, “The improved outlook for U.S. natural gas supply from shale brings the prospect of competitively priced ethane and propane feedstocks to Dow – and the promise of new manufacturing jobs to America. Our plan is to further integrate Dow’s businesses with the advantaged feedstocks, based on shale gas deposits and long-term ethane and propane supply agreements. These actions will strengthen the competitiveness of our Performance Plastics, Performance Products and Advanced Materials businesses, for example the Elastomers product family and the full Acrylates chain, as we continue to capture growth in the Americas.” Dow Chemical (NYSE:DOW) shares were at 39.97 at the end of the last day’s trading. There’s been a 12.5% movement in the stock price over the past 3 months. Dow Chemical (NYSE:DOW) Analyst Advice Consensus Opinion: Hold Mean recommendation: 2.35 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.35 Zack’s Rank: 13 out of 33 in the industry
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Wednesday, April 27, 2011
Dow Chemical (NYSE:DOW) Increasing Performance
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