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Dow Water & Process Solutions (DW&PS), a unit of The Dow Chemical Company (DOW - Analyst Report), has entered into an agreement with Ahlstrom, a global high performance fiber-based materials company, to use Ahlstrom’s Disruptor technology in drinking water applications.
Disruptor is equipped with unique nanoalumina technology that can be used to filter wide range of tiny contaminants from water. It virtually eliminates microorganisms from drinking water that can cause sickness. Ahlstrom‘s Disruptor will cater to the need for clean and safe drinking water.
Disruptor features a combination of large pore size and very high electrical attraction potential, enabling efficient removal of virus-sized particles from drinking water at a high flow rate and very low pressure.
Dow Chemical will include this high performance, advanced Disruptor filter medium into a set of drinking water purification products that provide excellent pathogen rejection while operating at high flow and low pressure.
The other features that make Ahlstrom Disruptor unique are that it can be used in areas with no electricity, it requires no use of chemicals, and does not generate waste water. Moreover, Ahlstrom Disruptor can be used in a number of drinking water applications, such as under-the-sink purification, tap water filters and water pitcher filters.
Dow Chemical slipped to a bigger loss in fourth-quarter 2012, thumped by a sizable restructuring charge and loss on goodwill impairment in its Formulated Systems business. Weakness across end markets, especially in China, and weak pricing also hurt the results.
Dow Chemical noted that it will focus on driving earnings, leveraging its feedstock strength and strong momentum in the agricultural sciences business. Dow Chemical will continue to pursue its cost reduction and efficiency programs while maximizing shareholder returns. Dow Chemical targets aggregate cost savings of $2.5 billion with $1 billion expected this year.
Dow Chemical retains a short-term (1 to 3 months) Zacks Rank #3 (Hold).
Other companies in the chemical industry that are worth considering include Air Products and Chemicals Inc. (APD - Analyst Report), Akzo Nobel NV (AKZOY) and Lyondell Basell Industries NV (LYB - Snapshot Report). All of them carry a Zacks Rank #2 (Buy).