Dow looking for buyers for newly formed business unit Styron

Dow is looking for buyers for Styron - a newly formed unit that includes its styrenics and polycarbonate holdings. The unit will include Dow’s polystyrene, ABS, SAN, PC, styrene monomer, styrene-butadiene rubber and latex assets, with as annual sales of about US$5 bln. The unit also will include Dow’s 50% stake in Americas Styrenics, the PS/styrene joint venture that was formed with Chevron Phillips in 2007. Dow is looking to sell the unit for US$1-2 bln.
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