Dow Chemical 2009 Annual Report Download - page 209

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EXHIBIT 21
Subsidiaries of The Dow Chemical Company
At December 31, 2009
Location* % Ownership
This list includes companies for which the effective ownership by The Dow Chemical Company is 50 percent or more.
The Dow Chemical Company Delaware
Americas Styrenics LLC (1) Delaware 50
Arabian Chemical Company (Latex) Ltd. (1) Saudi Arabia 50
Arabian Chemical Company (Polystyrene) Limited (1) Saudi Arabia 50
ARAKAWA Europe GmbH Germany 60
Battleground Water Company (82) Texas 9
Buildscape, LLC Delaware 100
CanStates Holdings Inc. Oklahoma 100
ANGUS Chemical Company Delaware 100
CD Polymers Inc. Delaware 100
Centen Ag Inc. Delaware 100
Dow AgroSciences LLC (9) Delaware 39
DowBrands Inc. (17) Delaware 8
Mycogen Corporation (16) California 12
Chemars Inc. Delaware 100
Chemars III LLC Delaware 100
Chemtech II L.P. (8) Delaware 22
DC Partnership Management Inc. Delaware 100
DowBrands L.P. (6) Delaware 42
DCOMCO, Inc. Delaware 100
Denmerco Inc. Delaware 100
Dexco Polymers Operating Company LLC (1) Texas 50
Dexco Polymers LP (1) (23) Texas 1
Diamond Capital Management Inc. Delaware 100
DML Holding Inc. (36) Delaware 89
Dofinco, Inc. Delaware 100
Dow Capital International LLC Delaware 100
Dow Chemical (Australia) Limited Australia 100
Dow Australia Superannuation Fund A Pty Limited Australia 100
Dow Chemical (China) Investment Company Limited China 100
Dow Chemical (China) Company Limited China 100
Dow Chemical (Guangzhou) Company Limited China 100
Dow Chemical (Shanghai) Company Limited China 100
Dow Chemical (Zhangjiagang) Company Limited (13) China 85
Dow S/B Latex (Zhangjiagang) Co. Ltd. (12) China 61
Guangdong Zhongshan Amerchol Specialty Chemicals Co., Ltd. China 90
SAL Petrochemical (Zhangjiagang) Company Limited (15) China 10
Zhejiang Pacific Chemical Corporation China 100
Dow Chemical Delaware Corp. Delaware 100
Chemtech II L.P. (8) Delaware 73
Chemtech Portfolio Inc. (11) Texas 33
Chemtech Portfolio II Inc. Michigan 100
Dow Chemical (Hong Kong) Limited Hong Kong 100
Dow Chemical International Ltd. Delaware 100
Calvin Capital LLC Delaware 100
Dow Chemical Thailand Ltd. Thailand 100
Dow International Holdings Company (27) Delaware 1
Dow International Holdings S.A. (86) Switzerland 1
Pacific Plastics (Thailand) Limited (47) Thailand 51
Petroquimica-Dow S.A. (Petrodow) Chile 100
Dow Chemical Korea Limited (40) Korea 86
Dow Chemical (NZ) Limited New Zealand 100
Dow Chemical Pacific Limited Hong Kong 100
Dow Chemical Pacific (Singapore) Private Limited Singapore 100
Dow Chemical International Pvt. Ltd. (32) India 99
Dow Chemical (Malaysia) Sdn. Bhd. Malaysia 100
Styron Holdings Asia Pte. Ltd. Singapore 100
Dow Chemical (Zhangjiagang) Company Limited (13) China 15
Dow S/B Latex (Zhangjiagang) Co. Ltd. (12) China 39
175