site meter




Friday, December 12, 2008

Dow Chemical Co and partners to review proposed joint venture in Oman

11 Dec, 2008 - Oman

As a part of the realigning business in the light of global economic recession, the proposed joint venture between Dow Chemical Co. and Oman may witness a down scaling of scope. The three parties involved in the Oman ethylene and polyethylene project are Dow Chemical Co. (50%), Oman Government (25%) and Oman Oil Co. (25%).

Dow Chemical, the largest US chemical maker is reportedly reassessing the project scope in order to trim cost and restructure business to tide over the imminent global recession. The company earlier announced taming workforce by 11,000, shut 20 facilities and provisionally discontinue operations at nearly 180 plants worldwide.

Source: Plastemart

Published in

No comments:

Popular Posts


My Travel Map

تأخير الصلاة