Dow Announces Shutdown of Union Carbide Manufacturing Facility in Bound Brook, New Jersey

05-May-2004

Dow Wire & Cable, a global business within The Dow Chemical Company, announced that Union Carbide Corporation* plans to shut down its manufacturing facility in Bound Brook, New Jersey by the end of July 2004.

The facility produces UNIGARD(TM) flame retardant compounds and semiconductive compounds. All of these products are typically used in the construction of electric and communications wires and cables. These products will now be transitioned to manufacturing facilities located on the Gulf Coast of the USA, including Seadrift, Texas.

The Bound Brook site came into the Dow Wire & Cable business as a result of Dow's merger transaction with Union Carbide in 2001. Following the shut-down of the manufacturing operation, the site will function as a Business Development Center and will continue to house Research & Development employees and other non-manufacturing functions already located in the Bound Brook facility.

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