Strengthening its local presence in Sochi, Dow will accelerate the implementation of advanced technologies to contribute to more sustainable and higher-performing Winter Olympic Games in Russia
Sochi, Russia - December 04, 2012
Ahead of the delivery of the Sochi 2014 Olympic Winter Games, The Dow Chemical Company (NYSE: DOW), a Worldwide Olympic Partner and the Official Chemistry Company of the Olympic Movement, announced today the opening of its first office in Sochi, Russia. The new facility will focus on several advanced technologies for a variety of applications, including building and contruction, transportation, and electrical and telecommunications, as well as better enable Dow to deliver its science-based solutions that will improve Sochi 2014 – the first Olympic Winter Games organized in Russia.
“Our local presence in Sochi will enrich the dialogue with our local customers and suppliers, drive forward implementation of several of Dow’s advanced technologiesand serve as a hands-on showcase for how Dow uses the power of chemistry to bring sustainable solutions to sport, the city of Sochi, and beyond, ” said Arthur Eritspokhov, executive director of Dow Olympic Operations in Russia. “As the Official Chemistry Company of the Olympic Movement, Dow is committed to delivering solutions that will make the Sochi 2014 Olympic Winter Games more sustainable, safer and higher-performing.”
Dow has been supplying several solutions that enable renewed and more reliable infrastructure in Sochi and in the Krasnodar Region, long before the offical opening of its local office. Dow’s local contributions include: pipe insulation for the central heating system of Olympic Venues and other sports equipments, materials for the renovation of historical buildings, heat transfer fluid solutions for the ice rink in the Big Ice Arena, protective coatings for building and construction, and insulation and semiconductive materials to ensure durable and reliable power supply during and after the Games.
“Dow’s contributions to the Krasnodar Region go far beyond the Olympic Games,” explained Oksana Pilatova, general manager of Dow in Russia and CIS. “For almost 40 years Dow has been an active member of the business community in Russia, including Sochi and the Krasnodar Region, offering solutions that provide improvements to infrastructure, help sustain environmental legacy and bring long term benefits to the Russian economy.”
Dow also plays a key role as a corporate citizen in the Krasnodar Region, helping to improve living conditions for about 300 orphans, ensure their rehabilitation and integration in social and sport activities, as well as providing disaster relief to the victims of flooding which heavily hit the region in 2012.
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 mln. USD and employed approximately 260 highly qualified specialists in Russia and CIS. In addition to its representation offices in Moscow (Russia), Kiev (Ukraine) and Astana (Kazakhstan), 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 can be found at www.dow.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. 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. 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.
For editorial information:
Dow Europe GmbH
+7 985 761 93 15
The Dow Chemical Company
+1 989 638 1006