The Dow Chemical Company
) gained as much as 1.7% during the trading session following the
news that it has extended its tie-up with ChemPoint for marketing
its ANTISOL Polyanionic Cellulose (PAC) Polymers in water
drilling applications. The company's shares eventually closed at
$47.14 on Feb 20, gaining around 1.5%.
ChemPoint will market, fulfill orders, sell and distribute
Dow's ANTISOL PAC Polymers to customers across Eastern Europe and
also provide technical support to them. The tie-up came into
effect from Feb 20.
ChemPoint has been the primary distributor of Dow's ANTISOL
Polymers for water drilling applications in Western Europe since
2012. ChemPoint's exceptional level of technical expertise and
agile responsiveness to the customer base coupled with its
focused, market-oriented approach has led Dow to expand this
With this extended partnership, Dow can now more effectively
serve geographically diverse customers, markets and opportunities
in Eastern Europe with the ANTISOL product line for water
ANTISOL PAC Polymers are high purity carboxymethylcellulose
additives that are specially designed to serve per industry
standard for flow modification and filtration properties in
water-based drilling fluids.
Using ANTISOL will enable drilling fluid properties adapt more
easily to the highly differing formation demands encountered
during drilling. Apart from this, ANTISOL also provides effective
dispersion, protection of clay particles, retention of the water
in drilling fluid and shale inhibition.
ChemPoint is a Univar company, which is the world's leading
distributor of industrial and specialty chemicals. Univar
operates through a global network of more than 260 facilities in
North America, Europe, the Asia-Pacific region and Latin
Dow Chemical currently holds a Zacks Rank #2 (Buy).
Other companies in the chemical industry worth considering
Northern Technologies International Corp.
PPG Industries Inc.
). While both Methanex and Northern Technologies carry a Zacks
Rank #1 (Strong Buy), PPG holds a Zacks Rank #2 (Buy).
DOW CHEMICAL (DOW): Free Stock Analysis
METHANEX CORP (MEOH): Free Stock Analysis
NORTHERN TECH (NTIC): Free Stock Analysis
PPG INDS INC (PPG): Free Stock Analysis
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