Core Insights - Dow Inc. has announced the closure of several facilities globally as part of its European asset actions initiated in April 2025 [1][4] Group 1: Facility Closures - The planned shutdown includes an ethylene cracker in Böhlen, Germany, and chlor-alkali and vinyl assets in Schkopau, Germany, both set for closure in Q4 2027 [2] - Additionally, a basic siloxanes plant in Barry, U.K., is expected to close by mid-2026 [2] Group 2: Strategic Rationale - The closures aim to align regional production capacity with market needs, reduce exposure to merchant sales, and eliminate high-cost, energy-intensive operations [3][8] - These actions are anticipated to enhance the company's ability to meet demand for higher-margin derivatives and improve overall profitability [3] Group 3: Financial Implications - The shutdowns are expected to boost operating EBITDA, reaching 50% of the $200 million target by the end of 2027, with full benefits realized by 2029 [5] - Dow anticipates total cash spending of around $500 million over the next four years to support these restructuring efforts [6] - The company expects to incur total charges between $630 million and $790 million, including both non-cash and cash-related costs [6] Group 4: Timeline and Market Performance - The shutdown process is scheduled to begin in mid-2026 and conclude by the end of 2027, with potential decommissioning extending through 2029 [7] - Dow's stock has experienced a decline of 46.8% over the past year, compared to an 18.6% decline in the industry [7]