Dow Chemical 2012 Annual Report Download - page 161

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materials used in the production of electronic displays, including brightness films, diffusers, metalorganic light emitting
diode precursors and organic light emitting diode materials; products and technologies that drive leading edge
semiconductor design; materials used in the fabrication of printed circuit boards; and integrated metallization processes
critical for interconnection, corrosion resistance, metal finishing and decorative applications. These enabling materials are
found in applications such as consumer electronics, flat panel displays and telecommunications. Dow Electronic Materials
includes Display Technologies, Growth Technologies, Interconnect Technologies and Semiconductor Technologies.
Functional Materials is a portfolio of businesses characterized by a vast global footprint, a broad array of unique
chemistries, multi-functional ingredients and technology capabilities, combined with key positions in pharmaceuticals;
food, home and personal care; and industrial specialties. These technology capabilities and market platforms enable the
businesses to develop innovative solutions that address modern societal needs for clean water and air; material
preservation; and improved health care, disease prevention, nutrition and wellness. Functional Materials includes Dow
Consumer and Industrial Solutions, Dow Microbial Control and Dow Wolff Cellulosics.
Coatings and Infrastructure Solutions
Coatings and Infrastructure Solutions segment consists of the following businesses: Dow Building and Construction, Dow
Coating Materials, Dow Water and Process Solutions, and Performance Monomers; and includes a portion of the
Company's share of the results of Dow Corning Corporation, a joint venture of the Company. These businesses produce a
wide variety of products with a broad range of applications – adhesives and sealants, construction materials (insulation,
weatherization and vinyl applications), cellulosic-based construction additives, raw materials for architectural paints and
industrial coatings, and technologies used for water purification.
Agricultural Sciences
The Agricultural Sciences segment is a global leader in providing crop protection and plant biotechnology products, urban
pest management solutions and healthy oils. The business invents, develops, manufactures and markets products for use in
agriculture, industrial and commercial pest management, and food service. Agricultural Sciences consists of two
businesses - Crop Protection and Seeds, Traits and Oils.
Performance Materials
The Performance Materials segment consists of the following businesses: Amines; Chlorinated Organics; Dow Automotive
Systems; Dow Formulated Systems; Dow Oil and Gas; Dow Plastic Additives; Epoxy; Oxygenated Solvents; Polyglycols,
Surfactants and Fluids; Polyurethanes; and Propylene Oxide/Propylene Glycol. These businesses produce a wide variety of
products with a broad range of applications – adhesives, aircraft and runway deicing fluids, automotive interiors and
exteriors, carpeting, footwear, home furnishings, mattresses, personal care products, transportation, waterproofing
membranes and wind turbines. The segment also includes the results of Map Ta Phut Olefins Company Limited and a
portion of the results of Sadara Chemical Company, both joint ventures of the Company.
Divestitures:
• On June 17, 2010, Dow sold Styron to an affiliate of Bain Capital Partners. Businesses and products sold within
the Performance Materials segment included Emulsion Polymers (styrene-butadiene latex); Synthetic Rubber; and
certain products from Dow Automotive Systems, all of which were reported in the Performance Materials
segment through the date of the divestiture. See Note 5 for additional information on this divestiture.
• The Performance Materials segment included Dow Haltermann until it was fully divested at December 31, 2011.
Performance Plastics
The Performance Plastics segment is a solutions-oriented portfolio comprised of Dow Elastomers; Dow Electrical and
Telecommunications; Dow Hygiene and Medical; and Dow Performance Packaging. These businesses serve high-growth,
strategic sectors where Dow's world-class technology and rich innovation pipeline create new competitive advantages for
customers and the entire value chain. These businesses also have complementary market reach, asset capabilities and
technology platforms that provide immediate and long-term growth synergies. The Performance Plastics segment includes
the results of Polypropylene Licensing and Catalyst, which sets the standard for polypropylene process technologies and
works closely with customers to elevate their manufacturing capability, enabling them to produce differentiated
polypropylene resins. The Performance Plastics segment also includes the results of Univation Technologies, LLC, as well
as a portion of the results of EQUATE Petrochemical Company K.S.C., The Kuwait Olefins Company K.S.C., The SCG-
Dow Group and Sadara Chemical Company, all joint ventures of the Company.