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First Quarter
- Dow raises its quarterly cash dividend by 12 percent to 37.5 cents per share. Since 1912, Dow has either raised or maintained its dividend for 378 consecutive quarters.
- The Company redefines its worldwide geographic structure, creating a new global framework to support the implementation of its strategic growth agenda.
- Dow AgroSciences announces plans to double production capacity for next-generation healthy oils, supporting its growth strategy for the Healthy Oils business.
- Dow signs an off-take agreement under which Romanian chemicals producer Rompetrol will supply Dow-specification polyethylene resins to the Company for sale into Eastern Europe.
- Dow sells its Superabsorbent Polymers business to Degussa. The transaction includes a long-term agreement to supply a substantial volume of glacial acrylic acid to Degussa.
- Dow Automotive announces plans for a technology center in Japan to accelerate application development with local manufacturers.
- Dow’s Specialty Chemicals business outlines plans for a new glycol ethers facility in China.
- Dow signs the Responsible Care® Global Charter, a commitment that broadens the original elements of Responsible Care to include evolving chemical industry challenges.
- Dow receives an energy efficiency award and “exceptional merit” designation from the American Chemistry Council for its ongoing energy conservation efforts.
- The Great Place to Work® Institute selects Dow as one of Germany’s top 50 employers, second among those with more than 5,000 employees and first in the chemical industry.
- The world’s largest desalination plant, which uses Dow’s FILMTEC™ membrane technology within its reverse osmosis process, comes on stream in the Middle East.
Second Quarter
- Dow hosts its 109th Annual Meeting of stockholders.
- The Company launches its The Human Element™ campaign, highlighting the one element not listed in the Periodic Table that separates Dow from other chemical companies.
- Dow acquires one of China’s premier water treatment and design companies, Zhejiang Omex Environmental Engineering.
- Dow signs a letter of intent with the Administrative Committee of Zhangjiagang Free Trade Zone to increase its investment in this key region of China.
- Dow unveils plans for new ethyleneamine capacity at the St. Charles Operations site in Louisiana, U.S.A., to help meet market demand for a number of its key Performance products.
- The Company unveils INFUSE™ Olefin Block Copolymers, providing performance and processing properties beyond those of existing olefin elastomers.
- Dow announces its 2015 Sustainability Goals.
- Dow receives an award at the 2006 Annual Industrial Energy Technology Conference, recognizing its global commitment and recent achievements in the energy efficiency arena.
- The Alliance to Save Energy names Dow a recipient of its 2006 Galaxy Star of Energy Efficiency Award.
- Saudi Aramco selects Dow as its preferred partner for exclusive negotiations to form a joint venture for a world-scale, integrated chemicals complex in Saudi Arabia.
- Andrew Liveris meets with Gazprom CEO Alexei Miller to discuss opportunities to work together on energy-related projects in Russia and elsewhere in Europe.
- China’s State Environmental Protection Administration reports significant economic and environmental benefits after one year of its Cleaner Production pilot project with Dow.
- Dow declares its 379th consecutive quarterly cash dividend.
Third Quarter
- For the fifth consecutive time, Dow achieves the highest rating possible
for its standards of corporate governance from the independent agency GovernanceMetrics International.
- The Dow Jones Sustainability World Index ranks Dow among its top performers in the global chemical industry.
- Dow establishes a joint venture with one of Russia’s leading polyurethane systems producers, Izolan.
- Dow announces plans to shut down a number of assets around the world in its ongoing drive to improve competitiveness. The main impact is on two sites in Canada and one in Italy.
- Dow Epoxy announces plans to invest more than $200 million over the next five years in manufacturing and R&D facilities in China.
- Dow successfully starts up a new specialty polyethylene plant in Tarragona, Spain, helping to meet growing demand in Europe.
- Dow Water Solutions becomes Dow’s fourth market-facing business, focused on harnessing the Company’s expertise and technical know-how to support customers in the water industry.
- FilmTec Corporation, a subsidiary of Dow, successfully starts up its new Minnesota, U.S.A., facility, bolstering capacity for the production of FILMTEC™ reverse osmosis membranes.
- Dow and BASF begin construction of the world’s first commercial-scale hydrogen peroxide to propylene oxide (HPPO) plant in Antwerp, Belgium.
- R&D magazine lists BETAMATE™ low-energy substrate adhesive from Dow Automotive in its 100 Most Technologically Significant New Products & Processes of the Year.
- Dow unveils plans for a new epichlorohydrin plant in China, the first in the world to use glycerine-to-epichlorohydrin technology. Glycerine is a bio-renewable product.
- Dow launches IMPAXX™ energy-absorbing foam for use in the automotive industry.
- James Stevens, a Dow research fellow, receives the Perkin Medal—one of the chemical industry’s most prestigious awards—for his contributions to polymer science.
- Dow declares its 380th consecutive quarterly cash dividend.
Fourth Quarter
- Dow’s Board authorizes the repurchase of up to $2 billion of the Company’s stock in a share buy-back program that will begin once the current repurchase program is complete.
- Dow Board member Jacqueline K. Barton is named one of eight Outstanding Directors for 2006 by the Outstanding Directors Exchange.
- In a report from the Carbon Disclosure Project, Dow ranks “Best in Class” among Financial Times 500 companies for its approach to climate change.
- Dow announces that it will jointly develop a liquids cracker in Thailand with its long-time JV partner, Siam Cement, to supply a number of key downstream Performance businesses.
- Construction starts on the new Dow Center in Shanghai, a complex that will house a state-of-the-art R&D facility, a global IT center and various support services.
- Dow divests its interest in the vinyl acetate monomer facility at Cabo, Brazil.
- Construction begins on a new facility in LaPorte, Texas, U.S.A., to produce STYROFOAM™ brand insulation. The new capacity will allow Dow to transition all U.S. assets to next-generation formulations.
- Dow and the Bayer Group announce that Dow will acquire Bayer’s Wolff Walsrode business group, subject to regulatory approval.
- Dow’s Water Soluble Polymers business outlines plans to enhance and increase production of CELLOSIZE™ hydroxyethylcellulose at the Institute site in West Virginia, U.S.A.
- Dow AgroSciences’ CONCERT™ plant-cell-produced vaccine system is voted one of the year’s top three technical innovations in the Animal Pharm Industry Excellence Awards.
- Dow launches FORTEFIBER™, a range of high-performance, cellulose-derived, soluble dietary fiber products that helps address issues related to blood glucose and cholesterol.
- Restaurant chain Taco Bell® announces its decision to convert to next-generation high-stability canola oil, developed by Dow AgroSciences.
- Dow declares its 381st consecutive quarterly cash dividend.
™Trademark of The Dow Chemical Company (“Dow”) or an affiliated company of Dow.
®Great Place to Work is a registered trademark of the Great Place to Work Institute Inc.
®Responsible Care is a registered trademark of the American Chemistry Council.
®Taco Bell is a registered trademark of the Taco Bell Corporation.
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