Dow to invest $300 million in Zhangjiagang base over next five years

Dow aims to invest $300 million in the Zhangjiagang site over the next five years in a bid to significantly increase production capacity for silicone productsZhangjiagang, Jiangsu Province, China, March 23, 2020 - Dow and Zhangjiagang Free Trade Zone, Jiangsu Province held a memorandum of cooperation signing ceremonyAccording to the agreement, Dow intends to invest an increase of US$300 million in the Zhangjiagang base over the next five years, aiming to significantly increase the production capacity of Dow's silicone intermediates and products through the implementation of the expansion project to meet the growing demand of related industries and markets around the world"Thanks to the wave of globalization, urbanization and the growing focus on sustainability, we are seeing a growing demand for more innovative and sustainable specialty silicone products from all walks of life, particularly in China and Asia Pacific," said Mauro Gregorio, President of Dow's Functional Materials and Coatings business"As outlined in the agreement, we will undertake a series of low-risk, high-return investment plans over the next five years that will enable us to better meet the rapidly growing needs of key application markets such as automotive and transportation, construction and infrastructure, consumer goods and electronics, and home and personal care, and to innovate and grow with our customers to generate greater revenue," it said"
Driven by this investment plan, Dow will further develop its portfolio of silicone intermediates such as silicone oils, adhesives and silicone rubberands and their downstream portfoliosZhangjiagang Free Trade Zone will actively provide infrastructure and service support for the development of Tao's Zhangjiagang base, thus contributing to the steady implementation of the expansion project of Zhangjiagang baseAt the same time, Dow will also share advanced manufacturing experience with the local government to help Zhangjiagang Free Trade Zone improve the overall safety and environmental management level of chemical parks in the jurisdiction" for a long time, Dow has always been committed to working with Zhangjiagang City and all partners in the Chinese market to forge ahead and seek common developmentThe signing of this memorandum of understanding is the best evidence that Dow is fulfilling this commitment"The signing ceremony and the signing of the agreement on behalf of Dow's President in Greater China, Lin Yulin, "This investment plan confirms our firm confidence in the rapid growth of the Chinese market." This memorandum of cooperation with the Zhangjiagang Free Trade Zone will further strengthen Dow's ability to provide innovative materialscience solutions to customers in China and the Asia Pacific region"