17-Jul-2006 - The Dow Chemical Company

Dow Completes Acquisition of Zhejiang Omex Environmental Engineering

Further Strengthens Water Solutions Portfolio

The Dow Chemical Company announced completion of its acquisition of Zhejiang Omex Environmental Engineering (OEE). The acquisition of the water treatment company further strengthens Dow's leading position in advanced solutions for water purification at a time of increasing efforts to address the world's water scarcity and environmental sustainability challenges.

"This acquisition represents a very strategic and timely addition to Dow's existing technology components. The supply of clean water is one of the most important sustainability challenges facing mankind and Dow will be part of the solution now, and in the future. Our combined technology strengths and industry knowledge enable Dow to deliver more effective, tailored water solutions to our customers. As we expand our water purification efforts, we are advancing sustainable development in China and around the world," said Jim McIlvenny, president of Dow Asia Pacific.

Water purification solutions from Dow are used for the full spectrum of water treatment applications, including industrial water treatment, municipal water treatment, production of ultra pure water, drinking water purification, and other selected specialty applications. The strategic acquisition of OEE further strengthens Dow's offering in this important area, creating the framework for a new Dow Water Solutions business.

"OEE is a premier water treatment and design company, specializing in pure and ultra pure water applications. This acquisition is significant in that it brings three critical, enabling component technologies for water treatment: Ultrafiltration (UF), Membrane Bio-Reactor (MBR) membranes, and Electrodeionization (EDI), to Dow, enabling us to be a complete solutions provider and components supplier. Together, we are confident both Dow and OEE will move to a new level of excellence in this important area," said Ian Barbour, general manager, Dow Water Solutions.

Upon close, OEE will be part of the Dow Water Solutions business and continue to be a high quality system supplier in China. In the rest of the world, the acquired components will be expanded to Dow's existing OEM customer base.

OEE is an innovative company that has been providing design engineering and installations for high-purity water facilities since 1995. Located in Huzhou, Zhejiang, China, it has become a premier water treatment and design company, specializing in pure and ultra pure water applications.

Dow also provides highly productive and effective separations solutions based on FILMTEC(TM) reverse osmosis (RO) and nanofiltration (NF) elements, DOWEX(TM) ion exchange resins and ADSORBSIA(TM) GTO(TM) titanium-based arsenic removal media.

Dow is the only global manufacturer of both membrane and ion exchange products. Both of these technologies separate dissolved minerals and organics from solutions, producing water that meets the most stringent water purity standards today and achieving the highest quality water with lower operating costs.

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