11-04-2012: The Dow Chemical Company has made significant strategic moves over the past six months, strengthening its long-term commitment and investments in its Polyurethane business, while enhancing the competitiveness of its already strong asset foundation.
These strategic moves are ultimately designed to catapult the franchise in a continued growth trajectory within the next three to five years. Leading this next critical phase, Dow has appointed a proven business leader with a technology-rich background and experience running integrated businesses. With a new world-scale manufacturing complex in Saudi Arabia planned to come online in 2016 and a new global vice president, Dow Polyurethanes, a business unit of Dow, is investing in the assets and expertise that will position its customers for growth.
Mark Bassett, Ph. D., was recently named global vice president for Dow Polyurethanes. As global vice president, Bassett will be responsible for business strategy, profit and loss, as well as innovation and growth. Prior to this role, Bassett was the global vice president for Dow Oxygenated Solvents. He began his career with Dow in 1989 when he joined Union Carbide Corporation, a wholly owned subsidiary of The Dow Chemical Company, in the Reaction Engineering Skill Center.
Announced in July 2011, the joint venture between Dow and the Saudi Arabian Oil Company (Saudi Aramco), known as Sadara Chemical Company, will be the largest integrated chemical complex site ever built in the world at one time with over 3 million metric tons of capacity. The site will bring Dow’s technology-differentiated polyurethane solutions to customers in emerging geographies such as China, the Middle East, Eastern Europe and Africa.
“With Sadara, Dow is investing in market-focused, customer-centric technologies and process optimization,” said Mark Bassett, the new global vice president for Dow Polyurethanes. “Sadara allows us to offer our customers advanced technologies, supply capabilities and resources to grow with their customers’ demand.”
Dow Epoxy completed its 30 KTA Liquid Epoxy Resin (LER) expansion at its fully back-integrated Stade, Germany site. The facility, which has now been ramped up to full production rates, will increase the Company’s global LER capacity by 10 percent.
“Our goal is to leverage and sell more epox ... more
The Dow Chemical Company and the Saline Water Conversion Corporation (SWCC) announced the signing of a commercial agreement for research collaboration. Dow and SWCC’s first action after this agreement will be to launch a pilot project to test the suitability of innovative desalination techn ... more
Brenntag Europe announced that it started to distribute the full range of products from Dow Fabric and Surface Care to Italy, Denmark, Finland, Norway and Sweden since the beginning of the year.
For more than a decade Brenntag has successfully promoted a range of specialty products from Dow ... more
With annual sales of $58 billion in 2008 and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the " Human Element ” to constantly improve what is essential to human progress. The Company delivers a broad range of produ ... more