midland

Business
11:22 am
Tue January 21, 2014

Activist investor wants changes at Dow Chemical

Dow Chemical Co., Midland, Michigan (file photo)
Steve Carmody/Michigan Radio

A major hedge fund is making waves for Midland-based Dow Chemical.

Third Point Management announced today that it has upped its position in Dow Chemical.

The hedge fund now has a $1.3 billion stake in Dow. That makes the hedge fund a significant shareholder in the company.  

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Transportation
2:39 pm
Sun September 15, 2013

Michigan has 28 bridges in key rehab category

(file photo)
Steve Carmody/Michigan Radio

DETROIT (AP) - Michigan has at least 28 bridges that are classified as needing close observation and future upgrades.

The Associated Press analyzed data on bridges nationwide. At least 28 in Michigan are considered "structurally deficient" and "fracture critical," key terms bridge inspectors use.

Officials say that doesn't mean the bridges are unsafe for travel. If so, they'd be closed.

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Developing
5:40 pm
Mon April 22, 2013

Grand River reaches peak, but floodwaters remain

The flooded Grand River is high enough a pike can check out the offices of Anderson Eye Care Monday afternoon through the windows.
Anderson Eye Care Facebook.com

Update 5:38 p.m.

Grand Rapids city officials are feeling a “sense of relief” now that the Grand River is receding.

But Mayor George Heartwell hesitated to declare victory over the worst flood on record, just yet.

“We will continue to be vigilant even though the worst is behind us,” Heartwell said.

There’s rain in forecast for Tuesday, so conditions could change. But the National Weather Service predicts the river will go down as much as a foot per day until it gets back to normal levels on Thursday.

That’s good news for riverfront hotels and businesses which are still pumping water out of their basements and parking garages.

City Manager Greg Sundstrom says the city has spent between $300,000 and $500,000 so far in overtime pay and equipment. But Heartwell says it's paid off.

“Because we were proactive we were able to weather this storm,” Heartwell said. After several days in a row of press conferences to update the media about the flooding, Heartwell hopes Monday’s conference will be the last for a while.

“There’s a sense of relief,” Heartwell said, “I am so incredibly proud of this community and the way it responded to this threat.”

Businesses and residents in communities along the Grand River, from Ionia to Grand Haven, are still drying out basements and assessing the damage.

On Monday crews carefully moved large debris stuck to the side of the Fulton Street bridge. They guide it underneath the bridge and four high voltage transmission lines.

Consumers Energy spokesman Roger Morgenstern watched a small crane pull a 20-foot-tall dead tree out of the water.

“It’s huge! And then I don’t know how they’re going to – I’m not an engineer but you get to a point that thing is going to be too heavy for that crane to pick up,” Morgenstern said, “It’s amazing what mother nature is sending down the river for us.”

Update 3:33 p.m.

Michigan Radio’s Dustin Dwyer traveled to Lowell, Michigan today to get a first-hand look at the damage there. WOOD-TV reports Lowell was “among the hardest hit West Michigan cities.”

The Grand River peaked at 19.02 feet yesterday at 8:45 a.m. It was just a hair over its previous record of 19.00 feet set back in 1948.

Dwyer spoke with Matthew Silverman of Lowell who owns around 20 acres of land in the area – most of it was underwater.

Silverman said water was flowing into his basement and he lost his boiler and water heater.

“A couple of the houses down the street, they got inundated... A couple of the people didn't even have flood insurance, so they're going to be hurt pretty bad,” said Silverman.

“Nobody was shocked. Everybody was prepared. Everybody was working really hard.... We had a constant flow of people just coming up, 'Do you need help with anything, what do you need?'” he said.

Silverman said the town became a gathering place for onlookers trying to experience the high waters.

“People were launching boats out of my flower bed the other day, with no regard for any private property. They were paddling right over the top of my fence - hitting my fence,” he said.

Silverman said the steady stream of kayakers and the thousands of onlookers on foot and in cars has been a little stressful.

“I mean, it's hard when you're working 24 hours a day, trying to keep your house above water, trying to help your neighbors out and you got people walking through your yard without permission, taking pictures of your house, walking into your backyard,” Silverman said.

12:45 p.m.

The Courtyard Marriott and Plaza Towers Condominiums in downtown Grand Rapids were evacuated this past Saturday morning. The hotel is expected to be shutdown until Wednesday, no word yet on when Plaza Towers residents can return.

Here's what happened, according to the Plaza Towers' website:

The weight of the water from the swollen river found a way to push upward and break the slab floor in the N corner of the hotel basement parking area. Above that area is the retail parking lot. Our structure is not believed to be damaged or impacted in any way.

The water poured into the basement which led to an immediate shutdown of electricity and the evacuation.

Michigan Radio's Lindsey Smith reports hotels and office buildings in downtown Grand Rapids along the Grand River are still pumping water out of their basements. She says the river is "expected to hit record levels downstream today in cities like Grandville, while upstream in Lowell and Ionia people are assessing the damage."

11:05 a.m.

Small creeks and streams around West and mid-Michigan hit their crests late last week. As they emptied out, they filled the mainstem rivers.

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Business
1:13 pm
Sat October 27, 2012

MBS airport unveils $55M terminal

TITTABAWASSEE TOWNSHIP, Mich. (AP) - Mid-Michigan's MBS International Airport has unveiled its $55 million passenger terminal.

The Midland Daily News reports  that political, community and business leaders gathered Friday for a ribbon-cutting ceremony at the airport in Saginaw County's Tittabawassee Township.

The 75,000-square-foot steel and glass terminal was completed a year ahead of schedule. It's expected to handle its first departing flights on Wednesday.

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Politics & Government
10:46 am
Fri October 5, 2012

NJ Gov. Christie to be in Midland, Michigan for Romney fundraiser

NJ Gov. Chris Christie at a Romney fundraiser in Michigan.
Steve Carmody Michigan Radio

$10,000 a plate will get you a seat at the table at the H Hotel in Midland this Saturday, according to Mark Tower of MLive:

According to the event RSVP form from Romney Victory, Inc., guests can pay a wide range to take part in the event, which begins with the 12:45 p.m. private lunch.

From the $10,000 per couple cost for the lunch, the price steps down to $2,500 per person for a VIP photo reception at 1:15 p.m. and $1,000 per person for the 1:45 p.m. general reception.

Proceeds from the event will go to Romney Victory, Inc., a joint fundraising committee. Contributions will be split between Romney for President, Inc., the Republican National Committee, the National Republican Senatorial Committee and the National Republican Congressional Committee.

Environment & Science
11:59 am
Fri September 14, 2012

Dow chemical sampling properties in Midland, Michigan for dioxin pollution

Dow Chemical's headquarters in Midland.
wikimedia commons

MIDLAND, Mich. (AP) - The Michigan Department of Environmental Quality says Dow Chemical Co. is ahead of schedule as it samples residential properties in Midland for dioxin.

The DEQ this week approved Dow's request to begin work on 300 properties that had been scheduled for inspection next year.

It's part of a five-year plan to clean up neighborhoods contaminated for decades by airborne dioxin from a Dow plant in Midland, where the company is based.

Of about 150 properties sampled thus far, 22 have had dioxin levels higher than 250 parts per trillion, which triggers a company-funded cleanup if the owners want it.

Results from this fall's sampling will be available next spring. Any needed cleanups will get started then.

Dow is negotiating with federal officials over cleanup of the Tittabawassee and Saginaw rivers.

Environment & Science
1:28 pm
Fri June 1, 2012

State OKs Dow dioxin clean-up plan

Imerman Park sits on the flood plain of the Tittabawassee River. Signs along the trail warn walkers about dioxin contamination in some of the park's soil.
Shawn Allee The Environment Report

After years of back-and-forth between residents, regulators and Dow Chemical, a massive clean-up of contaminated soil in Midland is getting under way.

The state approved the cleanup plan today. It calls for soil testing on 1,400 properties. Officials are looking for dioxins. Those are byproducts of chemical manufacturing. The toxins have been linked to health problems, including cancer.

"After all the meetings I've attended over the years and everything, and being asked why's this taking so long and everything, it's nice to be able to tell somebody the actual clean-up is really being done," said Jim Sygo, deputy director of the Department of Environmental Quality.

The plan calls for removing and replacing soil contaminated with dioxin at levels above 250 parts per trillion.

Sygo says that's a level that studies have determined poses an unacceptable cancer risk.

Environmental groups say they think the number should be lower, and take into account health risks other than cancer.

Still, some are celebrating the milestone.

“If you know the history of the city of Midland, and how political this has been, and how much push-back there has been from city fathers, from the business community, from the Chamber of Commerce, from Dow Chemical, over decades, I think only then can you truly appreciate…this is significant progress for that community,” said Michelle Hurd Riddick of the Lone Tree Council.

Dow Chemical Co.'s plan to clean up sites with dioxin contamination near its Midland facility has been approved by Michigan's Department of Environmental Quality.

Back in February, Dow also offered a land purchase and relocation program to about 50 landowners living near the company's Michigan Operations manufacturing plant.

From a Dow press release:

Dow is offering this incentivized property purchase program to give property owners in the immediate area north and east of Michigan Operations...the option to move out of an industrial/commercial area to a residential area, if they so choose. The program will also offer relocation support for those who rent their homes, if the property owner participates in the program.

As the Environment Report's Rebecca Williams has reported, dioxins are a class of toxic chemicals that appear "in the environment as by-products of many industrial processes and some natural sources." The Environmental Protection Agency says dioxins are likely to cause cancer in humans.

-John Klein Wilson contributed to this report

Environment
9:30 am
Thu February 16, 2012

Dow Chemical agrees to clean dioxin-tainted properties in Midland, Michigan

A map of the properties in Midland, Michigan eligible for Dow's voluntary purchase program.
Dow Chemical

John Flesher of the Associated Press reports Michigan environmental regulators have reached a deal with Dow Chemical to clean up around 1,400 residential properties in Midland. The soil in these areas is contaminated with dioxin.

From the AP:

The state Department of Environmental Quality said Thursday it agrees with the company on cleanup plan framework. Dow will fill in the details and submit them to the state for review next month.

Dow has acknowledged polluting 50 miles of rivers and floodplains in Michigan with dioxin for much of the past century. Negotiations and studies with state and federal agencies on how to fix the damage have dragged on since the mid-1990s.

The Midland agreement follows a deal reached last fall on cleansing a three-mile stretch of the Tittabawassee River near the plant.

The company issued a statement about the agreement noting they will also offer a land purchase program to around 50 land owners near its Michigan Operations manufacturing site in Midland.

The properties are in the area where Dow and the state agreed to the clean-up and remediation deal.

A map of the affected properties is show above.

From Dow's press release:

Dow is offering this incentivized property purchase program to give property owners in the immediate area north and east of Michigan Operations (see map) the option to move out of an industrial/commercial area to a residential area, if they so choose. The program will also offer relocation support for those who rent their homes, if the property owner participates in the program.

"We see this as an opportunity to address land use near our manufacturing site and give people still living in this industrial/commercial area the choice to move elsewhere," said Rich A. Wells, vice president and site director for Dow's Michigan Operations.

Dow says they will donate the acquired the properties to Midland Tomorrow, a "nonprofit economic development entity serving Midland County."

Trade Mission
3:09 pm
Tue September 27, 2011

New Michigan-Japanese partnership to add jobs in Michigan

Gov. Rick Snyder meets with Takamichi Matsushita, president of Eco Research Institute of Tokyo (center). Pictured with Snyder is Carol Miller, right, of Midland Tomorrow, and ERI leadership officials.
Governor Snyder's office

On his trade mission to Asia, Governor Snyder praised a business partnership between a Japanese company and the Michigan Molecular Institute (MMI).

The partnership between Japan's ECO Research Institute (ERI) and MMI is expected to bring around 30 new jobs to Midland.

Snyder made his comments at the Japan Midwest U.S. Annual Conference today praising the partnership "as an example of the economic and technological benefits that Michigan and Japan stand to gain through greater cooperation."

The two companies will form a new company called ECO Bio Plastics Midland Inc. The new company will produce bio-plastic pellets made of compound  mixes of plastics and micron-sized dry powder made from shredded paper.

These pellets will be used as packaging materials, food service products, heat insulation applications, and toys.

The Midland Daily News quoted James Plonka, president and CEO of Michigan Molecular Institute:

Plonka noted EBP has chosen a site for the new Midland facility, with the expectation to break ground before November and to begin production next summer.

“Midland is a good location for the demonstration facility for a couple reasons,” Plonka said. “First, because of the paper shredding services provided by the Arnold Center, Midland, is an excellent source of paper feedstock. And secondly, some of the most innovative plastics research in the world occurs in Midland. It’s a natural fit.

The plan calls for the initial paper-plastic composite production facility to produce 10 million pounds per year, with the ability to grow to 100 million pounds per year, Plonka said.

Environment
11:17 am
Wed July 20, 2011

Homeowners who claim land was polluted by Dow must go it alone

Dow Chemical's headquarters in Midland.
wikimedia commons

Back in 2003, more than 150 homeowners got together to file a class action lawsuit against Dow Chemical in Midland.

The homeowners claimed that their property values had dropped because of dioxin pollution released by Dow.

Now, a judge in Saginaw has ruled that the homeowners do not have class-action standing in the lawsuit. If they want to sue Dow for their loss, the homeowners will now have to file individual lawsuits.

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What's Working
6:31 am
Mon June 20, 2011

A 'Master Plan' for Midland's youth

The city of Midland has a plan.  A “Youth Master Plan.” It was created by educators, clergy, police, parents, and others in the community to help kids in Midland. As part of Michigan Radio's What's Working series, we speak with Dick Dolinski, one of the founders of the Plan.  He’s president of the Legacy Center for Student Success. For more information, and to contact Dick about starting a Master Plan in your community, click here.

 

Economy
3:08 pm
Tue March 29, 2011

Dow Chemical accidently pays CEO's personal bills

Dow Chemical admitted this week that the company accidently paid more than $700,000  worth of the company’s CEO’s personal expenses. 

Midland-based Dow Chemical explained in a filing with federal regulators that ‘shortcomings’ in the company’s record keeping led to the company paying $719,000 in bills that CEO Andrew Liveris should have paid himself. The filing with the Securities and Exchange Commission does not detail the expenses inadvertently charged to the company.  

 Liveris took home more than $21 million in compensation last year. A spokesman says he wrote a personal check to reimburse the company.  

 Liveris has been Dow’s CEO since 2004. He’s been the chairman of the board since 2006.

Environment
12:15 pm
Tue January 25, 2011

Dow's partnership with the Nature Conservancy

Dow Chemical corporate headquarters in Midland, Michigan.
User mgreason wikimedia commons

Let's play word association. When I say "Dow Chemical," what's the first word that comes to mind?

It's probably not bunnies or birds, but with it's new partnership with the Nature Conservancy, officials at Dow say they'll begin to take bunnies and birds into consideration when they make business decisions.

Dow called the partnership a "breakthrough collaboration."

The company and its foundation will put up $10 million to fund the five-year project which will "provide strategic, science-based counsel and technical support to help answer questions about the value and benefits of natural areas on or near where Dow works – such as the benefits of a forest to ensuring clean water for towns and factories, and the role natural wetlands and reefs play in preventing damage from storms."

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Economy
2:58 pm
Wed January 19, 2011

Dow chief meets with President Obama and China's President Hu Jintao

Andrew Liveris, CEO of Dow Chemical speaking at the ground breaking of Dow Kokam, an advanced battery manufacturing plant in Michigan.
Dow Chemical

The CEO of Dow Chemical, Andrew Liveris, met with President Obama and China's President Hu this afternoon along with leaders from 17 other businesses in the U.S. and China.

President Obama says he's stressing the importance of  increasing exports to China and increasing investment in the United States, "both critical to supporting millions of American jobs." 

President Obama and President Hu made statements to the press before their meeting. From the press pool report:

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