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DOW Dow Inc

57.04
0.21 (0.37%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Dow Inc NYSE:DOW NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.21 0.37% 57.04 57.43 56.75 57.19 2,544,396 01:00:00

Trump Names Dow Chemical CEO Andrew Liveris to Lead Manufacturing Council

10/12/2016 3:59am

Dow Jones News


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By Michael C. Bender 

GRAND RAPIDS, Mich.--President-elect Donald J. Trump said Friday he has selected Dow Chemical Co. Chief Executive Andrew Liveris to head a manufacturing council, bringing the head of the Michigan-based company on stage during a campaign-style rally to make the surprise announcement.

The two men showered each other with praise, and Mr. Liveris made his own announcement -- the chemicals and agricultural giant would open a new research and development center in Michigan. The center will include 200 jobs, half of which will be new and the other half that will be "repatriated" from other parts of the globe, the company said in a statement.

"This decision is because of this man and these policies," Mr. Liveris said from the stage of the 6,000-seat Deltaplex Arena here, adding, "I tingle with pride listening to you."

Mr. Liveris's announcement was the third time Mr. Trump's election has been cited as a reason to keep jobs in America. Mr. Trump, who campaigned on reversing the loss of U.S. manufacturing jobs, took credit for a decision in November by Ford Motor Co. to keep Lincoln-sport-utility production in Kentucky instead of moving it to Mexico. He also took credit when Carrier Corp. in December agreed to an incentive package to keep about 800 jobs north of the U.S. border.

"We're going to put you all to work," Mr. Liveris told the crowd. "We've got ideas and we've got plans."

Mr. Trump said the details of the manufacturing panel -- he referred to it as the American Manufacturing Council -- would be available next week, when Mr. Liveris announces more members.

We're finding ways to bring industry back to America," Mr. Trump said. "Nobody can do it like Andrew."

Write to Michael C. Bender at Mike.Bender@wsj.com

 

(END) Dow Jones Newswires

December 09, 2016 22:44 ET (03:44 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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