Dow Chemical 2013 Annual Report Download - page 39

17
PRINCIPAL PARTLY OWNED COMPANIES
Dow’s principal nonconsolidated affiliates at December 31, 2013, including direct or indirect ownership interest for each, are
listed below:
Principal Nonconsolidated Affiliate Ownership
Interest Business Description
Dow Corning Corporation 50.00% A U.S. company that manufactures silicone and silicone
products
EQUATE Petrochemical Company K.S.C. 42.50% A Kuwait-based company that manufactures ethylene,
polyethylene and ethylene glycol
The Kuwait Olefins Company K.S.C. 42.50% A Kuwait-based company that manufactures ethylene and
ethylene glycol
Map Ta Phut Olefins Company Limited (1) 32.77% A Thailand-based company that manufactures propylene and
ethylene
MEGlobal 50.00% A company, headquartered in Dubai, United Arab Emirates,
that manufactures and markets monoethylene glycol,
diethylene glycol and polyethylene terephthalate resins
Sadara Chemical Company 35.00% 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
The SCG-Dow Group
Siam Polyethylene Company Limited 50.00% A Thailand-based company that manufactures polyethylene
Siam Polystyrene Company Limited 50.00% A Thailand-based company that manufactures polystyrene
Siam Styrene Monomer Co., Ltd. 50.00% A Thailand-based company that manufactures styrene
Siam Synthetic Latex Company Limited 50.00% A Thailand-based company that manufactures latex
Univation Technologies, LLC 50.00% A United States-based company that develops, markets and
licenses the UNIPOL™ polyethylene process technology and
sells related catalysts, including metallocene catalysts
(1) The Company's effective ownership of Map Ta Phut Olefins Company Limited 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.
See Note 8 to the Consolidated Financial Statements for additional information regarding nonconsolidated affiliates.
FINANCIAL INFORMATION ABOUT FOREIGN AND DOMESTIC OPERATIONS AND EXPORT SALES
In 2013, the Company derived 67 percent of its sales and had 47 percent of its property investment outside the United States.
While the Company’s international operations may be subject to a number of additional risks, such as changes in currency
exchange rates and geopolitical risks in emerging geographies, the Company does not regard its foreign operations, on the
whole, as carrying any greater risk than its operations in the United States. Information on sales and long-lived assets by
geographic area for each of the last three years appears in Note 24 to the Consolidated Financial Statements, and discussions of
the Company’s risk management program for foreign exchange and interest rate risk management appear in Part I, Item 1A.
Risk Factors; Part II, Item 7A. Quantitative and Qualitative Disclosures About Market Risk; and Note 10 to the Consolidated
Financial Statements.
PROTECTION OF THE ENVIRONMENT
Matters pertaining to the environment are discussed in Part I, Item 1A. Risk Factors; Part II, Item 7. Management's Discussion
and Analysis of Financial Condition and Results of Operations; and Notes 1 and 14 to the Consolidated Financial Statements.
In addition, detailed information on Dow's performance regarding environmental matters and goals can be found online on
Dow's Sustainability webpage at www.dow.com. The Company's website and its content are not deemed incorporated by
reference into this report.
EMPLOYEES
As of December 31, 2013, the Company employed approximately 53,000 people on a full-time basis, with approximately 50
percent located in North America, 25 percent located in Europe, Middle East and Africa, and 25 percent located in other
locations.
OTHER ACTIVITIES
Dow engages in the property and casualty insurance and reinsurance business primarily through its Liana Limited subsidiaries.