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The Dow Chemicals in brief

Passionately innovate is more than a mission statement

The Dow Chemical Company (Dow) is based in Midland, Michigan, USA, listed in Amsterdam, Brussels, London, New York (DOW), Paris, Switzerland and Tokyo.

With approximately 52,000 employees in the world, Dow is pioneering the creation and development of innovative technologies and solutions for the chemical and specialty materials industry.

Dow, also called The Company, maintains one of the largest portfolio of chemical specialties with more than 5,000 products manufactured at 197 sites in 36 countries across the globe covering:

 – Advanced materials

 – Agriculture and agrosciences

 – Automotive systems

 – Building solutions

 – Chlorinated organics

 – Coating materials

 – Elastomers

 – Electrical and Telecoms

 – Electronics

 – Energy  materials

 – Heat transfer fluid

 – Performance plastics and additives

 – Surfactants

 – Technology licensing and venture capital

 – Water and process solutions

Innovation is part of Dow’s DNA as the foundation of its culture and strategy for growth.

This approach starts from the customer relation management with the “Solutionism” concept: “The more we talk together, the more we solve together”.

It continues with the innovation management process to transform invention into real innovation based on integrated world-class R&D resources, scientists with market intelligence and cross-functional efforts.

Through this innovation spirit, Dow intends to continually create today’s and tomorrow’s solutions for customers and society.

Beside innovation, Dow‘s other engine for sustainable growth relies on building strategic partnerships and alliances to convert home-made inventions into profitable business.

Dow leverages the monetization of its innovation with technology licensing and venture capital to third parties.

Therefore most of the projects executed by Dow are in partnerships with other companies interested in its technology to serve new markets or improve processes.

This partnership culture applies in the same way to the suppliers as to contribute directly to the innovation process and projects performances

Dow Chemicals Key Figures

 – 2011 Revenues: $59,9 billion

 – 2010 Revenues: $53,6 billion

 – 2009 Revenues: $44,8 billion

 – 2011 Earnings: $2,7 billion

 – 2010 Earnings: $2,3 billion

 – 2009 Earnings: $0,5 billion

 – 2011 Capital Expenditure: $2,6 billion

 – 2010 Capital Expenditure :$2,1 billion

 – 2009 Capital Expenditure: $1,6 billion

Dow Chemicals Projects and Business Highlights

To support its strategy to help innovation in getting closer to the customer, Dow adopted a new organization in July to be more customer focused. 

In its vision 2015, Dow set series of goals for the most strategic areas:

 – Sustainable Chemistry related products to reach 10% of the global sales

 – Achieve at least three breakthroughs solutions to solve world challenges

 – Maintain Dow carbon footprint at below 2006 levels

 – Reduce energy intensity by 25% from 2005 baseline

 – Publish safety assessments for all the Dow products portfolio

 – Reach local acceptance ratings targets for all major Dow sites

 – Improve by 75% all the EH&S key indicators from 2005 baseline

All these goals are set to guide Dow’s strategy toward continuous improvement, breakthrough innovation, profitable and sustainable growth and supported by key projects such as:

 – Sadara in Saudi Arabia in joint venture with Saudi Aramco, the largest ever chemical project built in one time with $20 billion capital expenditure.

 – Shaanxy Yanchang n-Butanol project in China

 – Shenua clean coal technology in China

 – Carbon fiber $1 billion project in joint venture with Aksa Akrilik in Turkey

 – Propylene world-scale facility and Ethylene cracker in Freeport, Texas, USA to benefit from shale gas low prices.

In combining innovation and smart partnerships with leading companies such as Saudi Aramco or Shenua, Dow manages to lead major projects with minimum capital expenditure and maximum return.

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer


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