DOW shuts down two plants in Germany and one in the United Kingdom

DOW announced that, as a follow-up to the European asset actions first announced in April 2025, its Board of Directors has approved the shutdown of three upstream assets in Europe, in addition to certain corporate and other assets across the Company's global asset footprint: ethylene cracker in Böhlen, Germany; in the fourth quarter 2027, chlor-alkali and vinyl (CAV) assets in Schkopau, Germany; in fourth quarter 2027, and basics siloxanes plant in Barry, United Kingdom in mid-year 2026.

The shutdown of upstream assets in Europe will right-size regional capacity, reduce merchant sale exposure, and remove higher-cost, energy-intensive portions of Dow's portfolio in the region. This will improve the company ability to supply profitable derivative demand and optimize margins. In April 2025, the Company announcedopens in a new tab it had identified three assets in Europe for action across all of its operating segments. On June 30, 2025, Dow's Board of Directors approved restructuring actions to rationalize the Company's global asset footprint, including these three assets as part of its European review, and certain corporate and other assets.

Dow's actions to shut down these assets will result in an operating Ebitda upliftbeginning in 2026, ramping to 50% of the approximate 200 million dollars target by year-end 2027 with full delivery by 2029, with a cash outlay of approximately 500 million dollars over four years. The shutdown of the assets is expected to begin in mid-2026 and is estimated to be complete by the end of 2027, with potential decommissioning and demolition to continue into 2029 as needed. Approximately 800 Dow roles will be impacted as a result of these actions, which will be in addition to the planned reduction of 1,500 positions globally.