Moscow, Russia - October 11, 2012
The Dow Chemical Company (NYSE: DOW) participated in the annual investment conference which was initiated by the American Chamber of Commerce in Russia and held at the Moscow Lotte Hotel on October 10, 2012 under the theme “Shaping Russia's Business Climate."
Oksana Pilatova, general manager of Dow in Russia, contributed to the panel session “key sectors for an effective economy," explaining how sustainable infrastructure and public-private collaboration can stimulate business activities, attract more investors in regions, create social benefits for the people and ultimately contribute to the country's economic development.
“The key element that we have learned over 115 years of our history is that investment works better if you have three components: a national plan and priorities, sustainable infrastructure across the entire value and supply chain and public-private collaboration," explained Oksana Pilatova. “Emerging economies, such as Russia, are at a greater advantage as they are creating national plans and have both the necessary resources and the political will to invest," she concluded.
She was joined on the panel by representatives from companies including Boeing, Citi, DuPont, Ernst & Young, Medtronic, Mechel Mining, Telenor and others.
More than 30 high-level speakers participated in panel discussions on issues such as the regulatory and investment environment in Russia, new ways to enhance the effective enforcement of business rights, the principal areas of economic development in the medium term, sectors identified by the Russian Government as being key to economic development and private investment, access to financing, key sectors for an effective economy, and the return of Russia's regions to the growth curve.
Speakers included AmCham President & CEO Andrew Somers, U.S. Ambassador to the Russian Federation Michael McFaul, RF Deputy Minister for Foreign Affairs Sergey Ryabkov, Head of the RF President's Expert Department Ksenia Yudaeva, RF Deputy Minister of Economic Development Sergey Belyakov, RF Deputy Minister of Communications Mark Shmulevich, RF Deputy Minister of Industry & Trade Gleb Nikitin, Aide to the RF Minister of Transportation Dmitry Tvardovsky, Sverdlovsk Oblast Governor Evgeny Kuivashev, Tomsk Oblast Governor Sergey Zhvachkin, Deputy Mayor of Moscow Andrey Sharonov, Chairman of the Moscow Oblast Government Andrey Sharov, Business Ombudsman and Delovaya Rossiya Chairman Boris Titov, and Former Deputy Secretary General of the World Customs Organization Leonid Lozbenko.
More information can be found on http://www.amcham.ru/.
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 2011, Dow had annual sales of $60 billion and employed approximately 52,000 people worldwide. The Company's more than 5,000 products are manufactured at 197 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.
About Dow in Russia and CIS
With almost 40 years of continued presence in Russia and CIS, and supported by its experience, size and global presence, Dow is passionately committed to further developing closer partnership with the local companies to keep growing the business, while significantly accelerating the growth of the chemical industry in the region and to jointly increasing its competitiveness in an international context. In 2011, Dow had annual sales of about 770 million USD and employed approximately 260 highly qualified specialists in Russia and CIS. In addition to its representation offices in Moscow (Russia) and in Kiev (Ukraine), the Company has two manufacturing facilities in Ramenskoye (Moscow Region) for the production of additives for paints and coatings, and in Vladimir where the Dow Izolan joint venture company inaugurated in 2009 its new, large and state-of-the-art manufacturing plant for the production of polyurethane systems. More information about Dow in Russia and CIS can be found at http://www.dow.com/russia/en/.
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