Watch Live

Tweet TWEET

Dow Confirms U.S. Site Selections for Expansions to Leading Plastics Brands; Texas and Louisiana Chosen for Investments that

  Dow Confirms U.S. Site Selections for Expansions to Leading Plastics Brands;
  Texas and Louisiana Chosen for Investments that Address Fast-Growing End
  Markets

Business Wire

MIDLAND, Mich. -- August 27, 2013

As part of its focused investment strategy on the U.S.  Gulf Coast to
integrate advantaged shale gas, The Dow Chemical Company (NYSE: DOW) confirmed
today the locations for expanding four of the Company’s leading brand
franchises in Texas and Louisiana.

These actions, together with the Company’s collective, high-return investments
in this region, are expected to drive strong revenue growth and generate
approximately $2.5billion in EBITDA once fully operational, enabling Dow to
address growing customer and value chain demand in attractive markets such as
food packaging, transportation and infrastructure, hygiene and medical, and
electrical and telecommunications markets globally.

Construction is scheduled to begin soon on these investments, which were
initially announced in March 2013, and are aligned with Dow’s industry-leading
Performance Plastics franchise.

Strategic growth in NORDEL™ metallocene EPDM, AFFINITY™ brand polymers, and
ELITE™ polymers build on a successful legacy of Dow innovation in consumer and
industrial products such as flexible food packaging, diapers and nonwoven
hygiene products, packaging for medical utensils, automotive and appliances,
wire casings for telecommunication cables, roofing membranes and other
infrastructure applications.

“Dow Performance Plastics is the world’s leading plastics franchise and with
these expansions Dow will be able to further leverage our cost-advantaged
position and R&D expertise to deliver leading edge technology that provides a
competitive benefit to our customers in many of our most strategic markets,”
said Jim Fitterling, Executive Vice President for Dow, “Our history on the
U.S. Gulf Coast reaches back more than 70 years, and we’re proud to continue
our commitment to this important region with these strategic and accretive
investments."

InFreeport, Texas, Dow will expand its High Melt Index (HMI) AFFINITY™ brand
polymer franchise. These materials deliver stronger bonding in hot melt
packaging adhesives. The Company will also expand its ELITE™ polymer franchise
which delivers enhanced durability and flexibility for food packaging, hygiene
& medical, and industrial and consumer packaging markets. Both of these brands
are powered by Dow's proprietary INSITE™ catalyst technology.

In Plaquemine, Louisiana, Dow will expand its NORDEL™ metallocene EPDM
franchise with next generation technology. Also powered by INSITE, NORDEL
mEPDM provides the infrastructure, automotive, consumer durables, appliance
and electrical and telecommunications markets with highly flexible, heat and
chemical resistant polymers that deliver enhanced durability and long service
life. Also in Plaquemine, Dow will expand its Low Density Polyethylene (LDPE)
family of high performance polymers like AGILITY™ that are faster to process,
more stable and deliver improved optics for applications in flexible food
packaging.

About Dow

Dow (NYSE: DOW) combines the power of science and technology to passionately
innovate what is essential to human progress. The Company connects chemistry
and innovation with the principles of sustainability to help address many of
the world's most challenging problems such as the need for clean water,
renewable energy generation and conservation, and increasing agricultural
productivity. Dow's diversified industry-leading portfolio of specialty
chemical, advanced materials, agrosciences and plastics businesses delivers a
broad range of technology-based products and solutions to customers in
approximately 160countries and in high growth sectors such as electronics,
water, energy, coatings and agriculture. In 2012, Dow had annual sales of
approximately $57billion and employed approximately 54,000people worldwide.
The Company's more than 5,000 products are manufactured at 188sites in
36countries across the globe. References to "Dow" or the "Company" mean The
Dow Chemical Company and its consolidated subsidiaries unless otherwise
expressly noted. More information about Dow can be found at www.dow.com.

Note: The forward-looking statements contained in this document involve risks
and uncertainties that may affect the Company’s operations, markets, products,
services, prices and other factors as discussed in filings with the Securities
and Exchange Commission. These risks and uncertainties include, but are not
limited to, economic, competitive, legal, governmental and technological
factors. Accordingly, there is no assurance that the Company’s expectations
will be realized. The Company assumes no obligation to provide revisions to
any forward-looking statements should circumstances change, except as
otherwise required by securities and other applicable laws.

^®TM Trademark of The Dow Chemical Company (“Dow”) or an affiliated company of
Dow

Contact:

For editorial information:
The Dow Chemical Company
Rebecca Bentley
+1 (989) 638-8568
rmbentley@dow.com
 
Press spacebar to pause and continue. Press esc to stop.