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(Revised from original 2011 version)
The K-Dow Petrochemicals Joint Venture
In 2007, the Dow Chemical Company and the Kuwait Petroleum Corporation announced plans to launch a multibillion-dollar joint venture. Later known as K-Dow Petrochemicals, it would be one of the largest manufacturers of chemicals and plastics in the world. Analysts widely hailed the planned joint venture as a game-changing deal for both companies. Shortly after the announcement, cable network CNBC requested an interview with Andrew Liveris, Dow's CEO, about this massive transaction. Liveris needed to decide how to respond. This case provides a brief background on the industry, both companies, and plans for the joint venture as of January 2008.
Subramanian, Guhan, James K. Sebenius, Phillip Andrews, and Rhea Ghosh. "The K-Dow Petrochemicals Joint Venture." Harvard Business School Case 912-002, April 2012. (Revised from original September 2011 version.)