For 110 years, Dow has been in the business of change, rearranging atoms and reshaping molecules to create new materials and new technologies. It has been the cornerstone of our success.

Inspired by the Human Element, we strive to constantly improve those things essential to human progress. From the clothes we wear to the food we eat. From the homes we live in to the furnishings, fixtures and fittings that adorn them. Equipment that purifies water and materials that save energy. Products that make our daily lives easier, healthier, safer or more enjoyable. Dow’s chemistry has long played an integral role in keeping pace with society’s ever-changing ambitions and aspirations.

Today, transformation at Dow is taking place on a far broader scale than ever before … with new thinking and a new direction. We are changing the shape of the Company in a way that will deliver greater long-term value for our stockholders, while maintaining exemplary standards of social, ethical and environmental performance. It is not an overnight process, but in 2007 we made good progress, establishing the foundation upon which to build Dow as an earnings-growth company, clad with a reputation second to none among investors, customers, employees, partners, governments and the public at large.

This report provides an overview of Dow and highlights some of the Company’s activities and achievements in 2007. For a more detailed review of the year’s performance, please visit www.dow.com.

This is Dow
An Introduction to The Dow Chemical Company

2007 Highlights

New Game
A Message from Dow Chairman and CEO

New Heights
A summary of the year

New Direction
Overview of Dow’s strategy and Performance business agenda

New Frontiers
Dow’s geographic growth and joint venture strategy

New Solutions
Research, development and innovation

New Ambitions
Dow’s environmental agenda

New Expectations
Dow’s corporate citizenship

New Achievements
A significant year

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