Dow Chemical Becomes First in Jiangsu Province To be Awarded "Green Light Channel" Status

Dow Chemical Becomes First in Jiangsu Province To be Awarded "Green Light Channel" Status
Memorandum of Understanding signed between Dow and the Zhangjiagang Customs

Zhangjiagang, China - October 28, 2004

Dow Chemical has become the first company in Jiangsu province, China, to receive a fully qualified “Green Light Channel” status, following stringent reviews and subsequent approvals from the Zhangjiagang Customs.

A Memorandum of Understanding between the Zhangjiagang Customs and Dow was recently signed by Gu Hongsuo, Chief of the Zhangjiagang Customs and Jim McIlvenny, President of Dow Greater China. Sheng Zhangsheng, Deputy Chief of the Nanjing Customs, Cao Fulong, Party Secretary of the Zhangjiagang City Government, together with Qin Jingan and Xu Yuanhua, Vice Mayor of Zhangjiagang City witnessed the signing.

A "Green Light Channel" company has the full faith of the Customs Department in terms of the company’s ability to manage the raw materials import process by virtue of having adequate control systems in place and, as such, does not need to have every import transaction reviewed, checked and approved by the authorities.

"We are honored to be the first company in Jiangsu Province to be granted the Green Light Channel status by the Customs Department," said McIlvenny. "This is a significant recognition of the integrity of Dow’s people, systems and work processes in China. We’ll continue to uphold such high standards and work diligently with the Customs Department to ensure a smooth implementation of the new procedures."

The project specified under the MOU encompasses three major raw materials – Styrene, Butadiene, and Liquid Epoxy.

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 US$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. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted

For Editorial Information:

Kay Yau
Dow Chemical Pacific Ltd.
Hong Kong
852 2879 7316

Vivian Lu
Dow Chemical (China) Investment Co. Ltd.
China
86 10 8518 3399


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