Dow’s Texas plant disaster forces $500m revenue slash; Market confidence plummets

Dow’s Texas plant disaster forces $500m revenue slash; Market confidence plummets

Dow Inc. has stunned investors by slashing its third-quarter 2024 revenue forecast by a staggering $500 million due to an unplanned incident at its Texas ethylene plant. The chemicals giant now expects to pull in $10.6 billion, down from an earlier estimate of $11.1 billion. This drastic revision comes amid a confluence of woes, including […]