Dow, which produces and distributes chemical products, completes spin-off from DowDuPont, which operates as a chemical company, in a $40bn deal. “Today marks the beginning of a new and exciting chapter for Dow. The changes we have made to Dow’s portfolio, cost structure, and mindset are significant. The new Dow is a more focused and streamlined company with a clear playbook to deliver long-term earnings growth and value creation for all stakeholders. Team Dow is well-positioned to achieve our ambition of becoming the most innovative, customer-centric, inclusive and sustainable materials science company. We have all the tools in place to innovate more quickly, to operate more productively, and to invest more prudently to deliver value-creating growth, higher returns, and enhanced shareholder value,” Jim Fitterling, Dow CEO.