Dow approves shutdown of three European assets, charges up to $790M

DOW INC.

Charges of $630M-$790M in Q2 2025: $330M-$360M asset writedowns, $160M-$260M exit costs, $140M-$170M severance.
Cash outlay ~$500M over four years; Op. EBITDA uplift target $200M, 50% by end-2027, full by 2029.
Shutdowns: Böhlen ethylene cracker (4Q27), Schkopau chlor-alkali (4Q27), Barry siloxanes (mid-2026); ~800 roles impacted.
Actions across three segments (P&SP, II&I, PM&C) and corporate to reduce merchant exposure and high-cost assets.
Additional charges up to $350M implementation costs, mainly cash over program life.

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