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Dow, a large chemical company in the US, said that it intends to divest styrenic resin and aromatics business and set up a new company called Styron to make these businesses more suitable for sale. The new company will have its own chief executive officer and chief financial officer and will operate in 40 locations around the world, with approximately 1,500 employees. Dow said that stripping these businesses out as an independent unit will make them more attractive to potential acquisitions.