Chemical company the US Securities and Exchange Commission has started separating itself into two new companies, April 1, 2019 after it was formed, and filed a registration statement with the US Securities and Exchange Commission ( SEC ) to create Dow Holdings apart from its material science division. A new version of DuPont and an agriculture company called Corteva will be established after Dow Holdings is up and running. In a note to clients, David Begleiter, a research analyst at Deutsche Bank, said he is cheered to see that Dow recommitted to “disciplined capital allocation,” since “the old Dow was perceived by many investors as a poor allocator of capital with a penchant for large, capital-intensive projects.” Dow’s agriculture business will become part of Corteva and China will take electronics, speciality silicones, food ingredients and automotive materials. As part of the reorganisation, Dow will build new facilities in Corteva and the US .
Chemical company the US Securities and Exchange Commission has started separating itself into two new companies, April 1, 2019 after it was formed, and filed a registration statement with the US Securities and Exchange Commission ( SEC ) to create Dow Holdings apart from its material science division. A new version of DuPont and an agriculture company called Corteva will be established after Dow Holdings is up and running. Dow’s agriculture business will become part of Corteva and China will take electronics, speciality silicones, food ingredients and automotive materials. As part of the reorganisation, Dow will build new facilities in Corteva and the US .