Dow Chemical (NYSE:DOW) has reportedly given the final license for producing its new Polymeric Flame Retardant to Albemarle.
Dow Chemical Gives License
Dow Global Technologies LLC (DGTL), a subsidiary of Midland, Michigan based Multinational Corporation and second largest chemical manufacturer in the world by revenue, Dow Chemical (NYSE:DOW), has reportedly given the final part of a license to Albemarle Corporation, renowned for world class Flame Retardants.
Mark Whiteman, President of Dow Chemical (NYSE:DOW)’s Dow Global Technologies, said, “The Polymeric FR has become the ‘next generation industry standard’ flame retardant for use in both XPS and EPS foam insulation applications globally. The development and licensing of the Polymeric FR is the result of years of research and development that leveraged Dow Chemical (NYSE:DOW)’s polymer chemistry, process science, applications know-how, and Environment, Health & Safety expertise. The development is also driven by Dow’s on-going journey to identify and develop more sustainable products and technologies designed to meet customer needs.”
Dow Chemical (NYSE:DOW) shares were at 33.20 at the end of the last day’s trading. There’s been a 3.7% change in the stock price over the past 3 months.
Dow Chemical (NYSE:DOW) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.53(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.44
Zack’s Rank: 12 out of 35 in the industry