Dow Chemical 2010 Annual Report Download - page 9

2010 Annual Report 7
u Third Quarter
Dow is the first-ever chemical company to receive the National
Safety Council’s international Robert W. Campbell Award. The
prestigious award honors a company that upholds Environment,
Health and Safety as key business values.
Sales in emerging geographies surpass $4 billion in the quarter
for the first time in the Company’s history. Continuing its
focus on growth in emerging geographies, Dow, along with
Saudi Aramco, confirms that Jubail Industrial City is the planned
site location for a proposed joint venture petrochemical project.
Dow and Mitsui & Co. Ltd. sign a definitive agreement to form
a 50:50 manufacturing joint venture to construct, own and operate
a new membrane chlor-alkali facility at Dow’s manufacturing
complex in Freeport, Texas.
Dow announces the first 100 full-time jobs to support the
development of the DOW™ POWERHOUSE™ Solar Shingle
in Midland, Michigan.
Dow Electronic Materials inaugurates its new organic light
emitting diode (OLED) materials facility in Cheonan, Korea.
Dow becomes an official Worldwide Olympic Partner. This
top sponsorship extends through 2020 and will allow Dow
to showcase its people, products, scientific excellence and
commitment to sustainable solutions on a global stage.
Dow and India-based Tata Consultancy Services celebrate
the construction of a new Business Process Service Center
in Midland, Michigan. The partnership supports a business
services model that is expected to deliver world-class
capabilities at an estimated 30 percent savings, while
creating new jobs in the Great Lakes Bay Region.
Dow announces a technology breakthrough project that will
increase polyolefin elastomers manufacturing capacity at its
production facilities in Freeport, Texas; Tarragona, Spain; and
Plaquemine, Louisiana.
Dow AgroSciences showcases a new refuge-in-the-bag concept.
Pending registration by the U.S. Environmental Protection
Agency, the concept will be commercialized as SmartStax™
Refuge Advanced™ and will provide a single-bag solution
for refuge reduction in the U.S. Corn Belt as early as 2012.
Dow introduces ENLIGHT™ Polyolefin Encapsulant Films that
can enhance efficiencies in photovoltaic module production
and lower conversion costs. Commercial-scale manufacturing
of the films begins in Findlay, Ohio, in the following quarter.
Dow is named to the “Carbon Disclosure Leadership Index”
by the Carbon Disclosure Project for the sixth year.
Dow Chairman and Chief Executive Officer Andrew Liveris is
appointed by President Barack Obama to the President’s Export
Council. Liveris joins labor leaders, congressional representatives and
CEOs from other top U.S. companies in advising the Administration
on how to achieve its goal of doubling exports in the next five years.
u Fourth Quarter
Dow announces the successful startup of a new Solution Linear
Low Density Polyethylene II train (SPE II) in Thailand. SPE II
is owned by Siam Polyethylene Company Limited, a joint venture
of Dow and Siam Cement Group.
Dow and the Shenhua Group submit a Project Application Report
to the Chinese government for approval to build and operate a
world-scale integrated complex in Yulin City, Shaanxi Province.
Dow AgroSciences is granted a U.S. patent for crop plants
that contain one of Dow AgroSciences’ new class of herbicide
tolerant traits.
DOW™ POWERHOUSE™ Solar Shingle receives Underwriters
Laboratories (UL) safety certification. The certification is a
milestone toward its planned 2011 commercialization.
Dow Electronic Materials announces it will construct a new
manufacturing facility in Eastern China to meet the growing
material demand within the printed circuit board, electronic and
industrial finishing, and photovoltaic industries in Asia Pacific.
Dow Coating Materials announces a breakthrough series of
products designed to significantly reduce paint manufacturers’
dependence on a key raw material, titanium dioxide.
Dow Water & Process Solutions announces that its reverse
osmosis technology will be used in the world’s largest 16-inch
desalination plant, the Soreq Plant, located near Tel Aviv, Israel.
Dow breaks ground on a new manufacturing facility in southern
Vietnam for the production of polymers used in paint, coatings,
construction, packaging, home and personal care industries.
Dow announces plans to build a propylene glycol plant in
Thailand. The new facility will use propylene oxide derived
from the new, sustainable HPPO technology, developed
jointly by Dow and BASF.
Dow continues to make solid progress in deleveraging its
balance sheet, reaching a net debt to total capitalization
ratio of 42.6 percent by year-end.
Dow announces that its largest manufacturing facility in Brazil,
the Aratu Complex, will add biomass to its portfolio of clean
energy sources by the end of 2012.
Dow partners with the International Union of Pure and Applied
Chemistry as the first global partner for the International Year
of Chemistry in 2011.