Dow builds stake in Russian construction market with investment in Moscow XPS plant

Moscow - November 03, 2005

The Dow Chemical Company announced today that it is investing* in the construction of a Russian plant for the production of STYROFOAM^TM extruded polystyrene insulation boards (XPS), thermal insulation products designed to increase the energy efficiency of homes and commercial buildings.

The plant, to be built in the village of Kryukovo, 57km from the Moscow ring road, will enable Dow's Building & Construction business to produce STYROFOAM products for supply to central Russia as well as to customers in Belarus, Kazakhstan and Ukraine.

The decision makes Dow the first international XPS producer to invest in a Russian production facility - a natural step for the Company following ten years of successful customer and market development in the region.

XPS production is due to start in first half of 2006 using a future-oriented ecologically clean technology that will produce STYROFOAM boards. When the plant is fully operational, Dow expects it to make a significant contribution to its annual production capacity.

Adriaan van Den Berge, Dow General Manager Russia, said: "This investment signals Dow's confidence in the region as an important marketplace for the future, and is in line with Dow's corporate strategy of future growth in Russia and CIS**."

"Our goal is to establish Dow as a committed and loyal partner to businesses and the authorities in Russia, based on our global track record of working closely with local communities to deliver our economic, social and environmental responsibilities," said Mr. van Den Berge.

Dmitry Sakelaridi, Dow's Regional Sales Manager Building and Construction, CIS and Russia, commented: "The extremes of temperature in this region mean that energy-saving products and systems are critical components in the economic development of the Russian Federation. By investing in the Kryukovo plant, we will be able to supply our customers faster, with better logistics' support, and with a broader range of STYROFOAM^TM products adapted to the specific needs of the local market.

"We have been working in the Russian market since the early 1990s, and are delighted to make this significant step in strengthening our ability to provide premium-quality products and customer support services in the region," said Mr. Sakelaridi.

Dow invented STYROFOAM XPS insulation over 50 years ago, and today has a strong market-leading position in Europe and around the world. The blue STYROFOAM boards are widely recognized for delivering durable insulation performance in long-term energy-saving applications such as roofs, walls, basement & foundation, frost and railroad insulation. The products are specifically designed for technically demanding applications and regions such as Russia, where resistance to moisture and to freeze/thaw cycles is critical.

Dow Building & Construction provides innovative insulation solutions and membranes, geotextiles and polyurethane-based adhesives to architects, contractors, investors, dealers and homeowners around the world.

For more information on Dow Building & Construction in Russia, please visit www.styrofoam.ru

For more information on Dow in Russia, please visit www.dow.ru

Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

®™^* Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow
* Note: it is Dow’s commercial policy not to release details of financial investment or plant operating capacities.
** Commonwealth of Independent States

For Editorial Information:

Dmitry Sakelaridi
Building & Construction Russia/CIS
++7-095-2585690


About the Company Products and Services News and Information Contact Us e-Business Russia		Dow builds stake in Russian construction market with investment in Moscow XPS plant Moscow - November 03, 2005 The Dow Chemical Company announced today that it is investing* in the construction of a Russian plant for the production of STYROFOAM^TM extruded polystyrene insulation boards (XPS), thermal insulation products designed to increase the energy efficiency of homes and commercial buildings. The plant, to be built in the village of Kryukovo, 57km from the Moscow ring road, will enable Dow's Building & Construction business to produce STYROFOAM products for supply to central Russia as well as to customers in Belarus, Kazakhstan and Ukraine. The decision makes Dow the first international XPS producer to invest in a Russian production facility - a natural step for the Company following ten years of successful customer and market development in the region. XPS production is due to start in first half of 2006 using a future-oriented ecologically clean technology that will produce STYROFOAM boards. When the plant is fully operational, Dow expects it to make a significant contribution to its annual production capacity. Adriaan van Den Berge, Dow General Manager Russia, said: "This investment signals Dow's confidence in the region as an important marketplace for the future, and is in line with Dow's corporate strategy of future growth in Russia and CIS*." "Our goal is to establish Dow as a committed and loyal partner to businesses and the authorities in Russia, based on our global track record of working closely with local communities to deliver our economic, social and environmental responsibilities," said Mr. van Den Berge. Dmitry Sakelaridi, Dow's Regional Sales Manager Building and Construction, CIS and Russia, commented: "The extremes of temperature in this region mean that energy-saving products and systems are critical components in the economic development of the Russian Federation. By investing in the Kryukovo plant, we will be able to supply our customers faster, with better logistics' support, and with a broader range of STYROFOAM^TM products adapted to the specific needs of the local market. "We have been working in the Russian market since the early 1990s, and are delighted to make this significant step in strengthening our ability to provide premium-quality products and customer support services in the region," said Mr. Sakelaridi. Dow invented STYROFOAM XPS insulation over 50 years ago, and today has a strong market-leading position in Europe and around the world. The blue STYROFOAM boards are widely recognized for delivering durable insulation performance in long-term energy-saving applications such as roofs, walls, basement & foundation, frost and railroad insulation. The products are specifically designed for technically demanding applications and regions such as Russia, where resistance to moisture and to freeze/thaw cycles is critical. Dow Building & Construction provides innovative insulation solutions and membranes, geotextiles and polyurethane-based adhesives to architects, contractors, investors, dealers and homeowners around the world. For more information on Dow Building & Construction in Russia, please visit www.styrofoam.ru For more information on Dow in Russia, please visit www.dow.ru Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. ®™^ Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow * Note: it is Dow’s commercial policy not to release details of financial investment or plant operating capacities. ** Commonwealth of Independent States For Editorial Information: Dmitry Sakelaridi Building & Construction Russia/CIS ++7-095-2585690
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