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Dow Completes Acquisition of Zhejiang Omex Environmental Engineering; Further Strengthens Water Solutions PortfolioNewly expanded portfolio addresses rapidly growing need for environmentally sustainable water treatment in China and globally Huzhou, Zhenjiang, China - July 13, 2006 The Dow Chemical Company today announced completion of its acquisition of Zhejiang Omex Environmental Engineering (OEE). The acquisition of the water treatment company further strengthens Dow’s leading position in advanced solutions for water purification at a time of increasing efforts to address the world’s water scarcity and environmental sustainability challenges. “This acquisition represents a very strategic and timely addition to Dow’s existing technology components. The supply of clean water is one of the most important sustainability challenges facing mankind and Dow will be part of the solution now, and in the future. Our combined technology strengths and industry knowledge enable Dow to deliver more effective, tailored water solutions to our customers. As we expand our water purification efforts, we are advancing sustainable development in China and around the world,” said Jim McIlvenny, president of Dow Asia Pacific. Water purification solutions from Dow are used for the full spectrum of water treatment applications, including industrial water treatment, municipal water treatment, production of ultra pure water, drinking water purification, and other selected specialty applications. The strategic acquisition of OEE further strengthens Dow’s offering in this important area, creating the framework for a new Dow Water Solutions business. “As a company that is constantly improving what is essential to human progress through science and technology, we are very pleased to be working with our customers and partners to address very significant water quality and supply challenges through innovative and cost-effective water treatment solutions. We are very excited that the OEE team is joining us to drive this forward,” Mr. McIlvenny said. “OEE is a premier water treatment and design company, specializing in pure and ultra pure water applications. This acquisition is significant in that it brings three critical, enabling component technologies for water treatment: Ultrafiltration (UF), Membrane Bio-Reactor (MBR) membranes, and Electrodeionization (EDI), to Dow, enabling us to be a complete solutions provider and components supplier. Together, we are confident both Dow and OEE will move to a new level of excellence in this important area,” said Ian Barbour, general manager, Dow Water Solutions. Wu Yang, president of OEE, said, “We are very excited to be a part of Dow, a global leader in innovation and sustainability. OEE is dedicated to providing leading technology and the highest quality water treatment solutions to our customers and partners. Dow’s global resources and commitment to science will enable us to move to the next level, while OEE significantly enhances Dow’s water solutions offering globally.” Upon close, OEE will be part of the Dow Water Solutions business and continue to be a high quality system supplier in China. In the rest of the world, the acquired components will be expanded to Dow’s existing OEM customer base. OEE is an innovative company that has been providing design engineering and installations for high-purity water facilities since 1995. Located in Huzhou, Zhejiang, China, it has become a premier water treatment and design company, specializing in pure and ultra pure water applications. Dow also provides highly productive and effective separations solutions based on FILMTEC™ reverse osmosis (RO) and nanofiltration (NF) elements, DOWEX™ ion exchange resins and ADSORBSIA™ GTO™ titanium-based arsenic removal media. Dow is the only global manufacturer of both membrane and ion exchange products. Both of these technologies separate dissolved minerals and organics from solutions, producing water that meets the most stringent water purity standards today and achieving the highest quality water with lower operating costs. About The Dow Chemical Company Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
For Editorial Information:
Helen Shi
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