Dow Chemical 2013 Annual Report Download - page 33

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11
Joint Ventures
Key joint ventures that impact the Performance Materials segment are listed below:
• Map Ta Phut Olefins Company Limited - effective ownership is 32.77 percent of which the Company directly
owns 20.27 percent and indirectly owns 12.5 percent through its equity interest in Siam Polyethylene Company
Limited and Siam Synthetic Latex Company Limited. This Thailand-based company manufactures propylene and
ethylene.
• A portion of the results of Sadara Chemical Company - a development-stage Saudi Arabian company that will
manufacture chlorine, ethylene and propylene for internal consumption and will produce and sell high-value
added chemical products and performance plastics; owned 35 percent by the Company.
Divestitures
The Performance Materials segment included Dow Haltermann until it was fully divested at December 31, 2011.
PERFORMANCE PLASTICS
The Performance Plastics segment is a solution-oriented portfolio composed primarily of three businesses, Dow Elastomers,
Dow Electrical and Telecommunications, and Dow Packaging and Specialty Plastics. These businesses serve high-growth, high
value sectors where Dow's world-class technology and rich innovation pipeline creates competitive advantages for customers
and the entire value chain. These businesses have complimentary market reach, asset capabilities and technology platforms that
provide the Company with immediate and long-term growth synergies. The segment has broad geographic reach with sales in
more than 100 countries and manufacturing facilities located in all geographic areas. Market growth is expected to be driven by
major shifts in population demographics, improving socioeconomic status in emerging geographies, consumer and brand owner
demand for increased consumer convenience, efforts to reduce food waste, growth in telecommunications networks,
specifically broadband and LTE networks, and global development of electrical transmission and distribution infrastructure and
renewable energy applications.
Details on Performance Plastics' 2013 sales, by business and geographic area, are as follows:
Products
Major products by business and applications/market segments are listed below:
Business Major Products Applications/Market Segments
Dow Elastomers Elastomers, polyolefin plastomers, ethylene
propylene diene monomer elastomers
("EPDMs")
Adhesives, footwear, housewares,
infrastructure, sports recreation, toys and infant
products, transportation
Dow Electrical and
Telecommunications
Wire and cable insulation, semiconductive and
jacketing compound solutions, bio-based
plasticizers
Building and construction, electrical
transmission and distribution infrastructure,
telecommunications infrastructure
Dow Packaging and
Specialty Plastics
Acrylics, polyethylene, low-density
polyethylene, linear low-density polyethylene,
high-density polyethylene, polyolefin
emulsions, polyolefin plastomers
Adhesives, food and specialty packaging,
hygiene and medical, industrial and consumer
packaging, photovoltaic