Dow Turns a New Chapter of Growth in China

Dow Turns a New Chapter of Growth in China
Opens New Headquarters in Shanghai, Uniquely Positioned to Compete and Win

Shanghai - August 31, 2004

Dow Chemical turns a new chapter of growth in China today by officially opening a new branch office in Shanghai – which will also serve as the headquarters of Dow Greater China.

The new office, equipped with state-of-the-art information technology, is a strategic move in sharpening the company’s focus on Greater China, an important growth region for the company.

"With US$1.6 billion in revenue in 2003, Dow Greater China is a significant contributor to Dow's corporate growth and profitability." said Jim McIlvenny, President of Dow Greater China. "Our new Shanghai office will give us greater flexibility to better serve our customers in the region, thereby enabling more and bigger rooms for growth. Combined with our dedicated leadership model and a region-specific growth strategy, Dow is uniquely positioned to grow and win in this dynamic marketplace."

Dow Greater China comprises 5 business centers – Beijing, Shanghai, Guangzhou, Hong Kong and Taipei – and 10 manufacturing sites, employing 1,100 employees.

Dow's new Shanghai office has doubled its space and deployed leading edge technology such as that for “hot desking”, which allows workspace and office facilities to be shared by staff who have to travel frequently. The new facilities will help optimize the utilization of office resources and enhance effectiveness in serving customer needs.

Dow is a leading science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $33 billion, Dow serves customers in more than 180 countries and a wide range of markets that are vital to human progress, including 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 approximately 46,000 employees seek to balance economic, environmental and social responsibilities.

For Editorial Information:

Vivian Wei LU
Dow Chemical (China) Investment Ltd.
010-85183399-158
Fax: 010-85183999


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