Moscow, Russia - February 14, 2012
Dow Izolan, Dow’s joint venture company in Russia for polyurethane systems production, has been named by the Russian Union of Industrialists and Entrepreneurs (RSPP) among the top winners of the All-Russian Contest “Best Russian Companies. Evolution, Efficiency, Responsibility – 2011”. Dow Izolan received the award in the prestigious category “Sustainable Dynamics of Business Development” along with other local chemical players such as Altai-Koks, Kuchuk Sulphate and Polyef.
XIX Annual Convention of Russian Union of Industrialists and Entrepreneurs
Mikhail Tsarfin, Dow Izolan General Manager (second left)
The awarding ceremony took place in Moscow on February 9, 2012 at the XIX Annual Convention of RSPP within the week of the Russian business. Awards were presented directly to the winning companies across the major categories, which included energy efficiency, corporate social responsibility, innovation, human resource development, productivity increases, and more.
“This outstanding achievement is the result of the joint efforts and continued commitment of every single employee at Dow Izolan,” commented Mikhail Tsarfin, Dow Izolan general manager, while receiving this prestigious recognition. “I would like to thank the Russian Union of Industrialists and Entrepreneurs and the organizers for their commitment to recognizing business achievements. Leveraging Dow’s global presence and experience, and incorporating our local scientific, commercial and manufacturing capabilities, we continuously strive to always respond and anticipate our customers’ needs and expectations, developing and providing them with competitive solutions based on polyurethane systems.”
The contest results were summarized by RSPP following a rigorous evaluation based on the corporate financial reports. Total number of participants exceeded 500 with the majority of applications submitted in the category “Sustainable Dynamics of Business Development”. RSPP Deputy Vice President V.M. Cherepov emphasized the increased level of companies’ participation in the contest in comparison with the previous years. The finalized list of the winners and nominees was confirmed on January 20, 2012 by RSPP President A.N. Shokhin.
In 2011, Dow Izolan demonstrated increase in sales and productivity as well as continued developing new markets – the criteria which were considered in the selection procedure of the contest in the category “Sustainable Dynamics of Business Development”. In 2011, Dow Izolan marked its 5th Anniversary of continued business success in Russia. Today the company is a recognized leader in Russia and CIS in the research, development and commercialization of tailored polyurethane systems solutions used for a broad range of applications in industries including construction, automotive and motor-vehicles, refrigeration equipments, furniture, footwear, and more.
About Dow Izolan
Dow Izolan is the joint venture company formed in 2006 by one of the world’s leading chemical company The Dow Chemical Company (Dow) and the Scientific Manufacturing Company Izolan Ltd., a leading Russian producer of polyurethane systems. Leveraging Dow Formulated Systems global technological leadership and raw materials back integration, and Izolan market experience and strong focus on local customers, Dow Izolan is a leader in the polyurethane components market in Russia and the CIS. Established in 2006, and employing 135 employees, Dow Izolan offers a wide range of products to a thousand of customers in various industries including construction, automotive, shipbuilding, and refrigeration equipments. More information about Dow Izolan can be found at www.dow-izolan.com.
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2012, Dow had annual sales of approximately $57 billion and employed approximately 54,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 36 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
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