Dow Chemical to exit century-old chlorine business

(Reuters) - Dow Chemical Co (DOW) said it would sell a bulk of its chlorine operations - its oldest business - as part of its plan to sell or spin off commodity chemicals assets worth up to $4 billion. Other assets identified for sale by the world's No.1 chlorine producer on Monday included its epoxy business and some brine and energy assets, representing a total of $5 billion in revenue. Dow Chemical, like other U.S. chemical makers such as Dupont (DD), is moving away from providing a wide range of products to focus on electronics, packaging and agriculture. Dow Chemical said in October it expected to raise between $3 billion and $4 billion from asset sales in the next 18 to 24 months.



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