Dow Inc. to shutdown three upstream assets in Europe, to impact 800 roles

Dow announced that, as a follow-up to the European asset actions first announced in April, 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 Bohlen, Germany; shutdown expected in 4Q27; Chlor-alkali & vinyl assets in Schkopau, Germany; shutdown expected in 4Q27 and Basics siloxanes plant in Barry, U.K.; shutdown expected 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 ability to supply profitable derivative demand and optimize margins. In April 2025, the Company announced 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 uplift beginning in 2026, ramping to 50% of the approximate $200M target by year-end 2027 with full delivery by 2029, with a cash outlay of approximately $500M over four years. As a result of these actions, the company will record charges ranging from $630M to $790M, for both non-cash items-such as asset write-downs and write-offs-and cash items, such as exit and disposal of assets, as well as severance and related benefit costs. 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. These roles are in addition to the $1B cost savings actions announced in January that included a workforce reduction of approximately 1,500 Dow roles globally.