Dow Chemical 2011 Annual Report Download - page 7

The Dow Chemical Company
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THIRD QUARTER
› Dow and Mitsui & Co., Ltd. announce the formation of a joint
venture aimed at providing innovative and sustainable product
solutions to the global high-performance fl exible packaging and
hygiene and medical end-markets. When complete, the joint venture
will be the world’s largest integrated facility for the production of
biopolymers made from renewable, sugarcane-derived ethanol and
will represent Dow’s largest investment in Brazil.
FOURTH QUARTER
› Dow launches its DOW POWERHOUSE™ Solar Shingle
to U.S. markets, starting in Colorado and expanding into
targeted states through 2012.
› Dow announces that its joint venture SCG-Dow Group
has started up its new propylene oxide facility in Thailand.
The world-scale plant uses innovative hydrogen peroxide
to propylene oxide (HPPO) technology.
› Dow and Haier Group announce an agreement to establish
the Haier-Dow Global Joint Innovation Laboratory in China.
The joint lab aims to accelerate innovation collaboration
between the two companies.
› Dow AgroSciences successfully produces 2,4-D choline in
a commercial scale-up setting. The new 2,4-D choline is a
key component of Colex-D™ Technology, the technology
package featured in Enlist Duo™, the highly differentiated
herbicide solution for the Enlist™ Weed Control System.
› Dow Electronic Materials announces the formation of a
new business to capture current and future demand for
light-emitting diodes (LEDs) in the global solid-state lighting
end-market. In addition, the business announces that
construction is underway in Korea for a new manufacturing
and testing facility for metallization materials used in
advanced chip packaging.
Dow hosts Investor and Media
Day 2011 in New York City.
During the event, the Company
reaffi rms its near-term earnings
targets, addresses global
economic uncertainty and
discusses the fi nancial profi les
for its operating segments.
Dow and Saudi Aramco joint
venture Sadara will address rapid
demand growth across a variety
of end-markets, particularly those
related to growing middle classes
in developing regions. The Boards
of Directors of both companies
approved the building and operation
of a world-scale, fully integrated
chemical complex in Jubail Industrial
City, Kingdom of Saudi Arabia.
› Dow announces a 10-year, $25 million-per-year investment
in programs with 11 leading U.S. universities to strengthen
research in traditional scientifi c fi elds important to Dow and
to the nation’s future. Long-term investments will support
faculty, students and infrastructure, enabling a critical mass of
resources to address some of the world’s leading challenges.
› The National Safety Council announced that Dow will
receive the 2012 Green Cross for Safety medal in recognition
of the Company’s outstanding achievements in workplace
safety, community service, environmental stewardship and
responsible citizenship.
› Dow and Aksa Akrilik Kimya Sanayii A.¸S. announce the
signing of a defi nitive agreement to form a joint venture
to manufacture and globally commercialize carbon fi bers
and derivatives.
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2011 Annual Report
› Dow Water and Process Solutions announces plans to invest in
a manufacturing facility in Saudi Arabia for DOW™ FILMTEC™
reverse osmosis elements.
› Dow and Ube Industries, Ltd. announce an agreement to
form a joint venture to manufacture and market formulated
electrolytes for lithium-ion batteries in energy storage applications.
› Dow announces it will build two new manufacturing plants in
Map Ta Phut, Thailand, and Schkopau, Germany, to more than
triple capacity for ENLIGHT™ Polyolefi n Encapsulant Films used
in solar panels.
› Dow dedicates its new 205,000-square-foot Business Services
Center buildings and campus in Midland, Michigan. The building
joins Dow’s network of six service centers globally and is
targeted to receive the U.S. Green Building Council‘s LEED®
Silver rating.
› Dow completes the sale of its global Polypropylene business
to Braskem SA. The divestiture refl ects Dow’s disciplined and
ongoing approach to portfolio management and its continuing
strategy to focus on higher-value performance businesses.
› Dow AgroSciences and M.S. Technologies LLC announce a
collaborative submission to the U.S. Department of Agriculture
for approval of the fi rst-ever three-gene herbicide-tolerant soybean.
› Dow is named to the Dow Jones Sustainability World Index, the
11th time the Company has received this recognition since the
index was launched. In addition to improving its rating from last
year, Dow achieves the highest score in the chemical sector for
corporate governance.