Dow Chemical will shut down three chemical plants in Europe and cut around 800 jobs in response to structural challenges in the region, the chemicals company said.
The company said the shutdowns will remove higher-cost, energy-intensive portions of Dow's portfolio in Europe.
Global chemical companies are feeling the pressure to reassess strategies, with the European Union's increasing production costs, lackluster demand and stringent environmental regulations.
Last year, Dow had said that it had started a review of some of its European assets.
An ethylene cracker in Böhlen, Germany, chlor-alkali and vinyl assets in Schkopau, Germany, and a basics siloxanes plant in Barry, UK will be shut in the next two years, the chemicals company said.
Dow Chemical to shutter three petrochemical plants across Europe
