Tuesday, October 11, 2011

Dow Chemical (NYSE:DOW) Signs Saudi Deal

Dow Chemical (NYSE:DOW) has inked a joint venture agreement Saudi Aramco. Dow
Chemical (NYSE:DOW) Signs Saudi Deal Dow Chemical (NYSE:DOW) announced that it
signed a joint venture agreement with Saudi Aramco for an integrated chemicals
complex named Sadara Chemical Company, which will comprise 26 manufacturing
units, several of which constitute mega projects in themselves. With this
completion, the joint venture complex will be one of the world's largest
integrated chemical facilities and the largest-ever built in one single phase.
Mr Andrew Liveris, Dow Chemical (NYSE:DOW) and Chief Executive Officer, said
that, "Sadara is an extraordinary and unique venture that will build upon the
strengths of both Dow Chemical (NYSE:DOW) and Saudi Aramco to deliver the
diversified and specialty materials and chemicals needed to drive growth in the
entire region and beyond". Dow Chemical (NYSE:DOW) stocks are currently
standing at 24.76. Price History Last Price: 24.76 52 Week Low / High: 20.61 /
42.23 50 Day Moving Average: 27.24 6 Month Price Change %: -35.7% 12 Month Price
Change %: -15.1%

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