Dow Inc. has announced a significant corporate reorganization, which includes the shutdown of three upstream assets in Europe as part of efforts to address structural challenges in the region. The company will close an ethylene cracker in Böhlen, Germany, chlor-alkali and vinyl assets in Schkopau, Germany, and a basics siloxanes plant in Barry, U.K. These actions aim to right-size regional capacity, reduce exposure to merchant sales, and eliminate higher-cost, energy-intensive assets. The shutdowns are expected to begin in mid-2026 and complete by the end of 2027, leading to an operating EBITDA uplift beginning in 2026 and reaching full delivery by 2029. Approximately 800 Dow roles will be impacted, in addition to the 1,500 global workforce reductions announced earlier. The restructuring is part of Dow's commitment to enhancing profitability and cash flow, with a projected cash outlay of $500 million over four years.