Dow Izolan Breaks Ground on New Polyurethane Systems Facility in Russia

Vladimir, Russia - September 09, 2008

Dow Izolan, the joint venture company between The Dow Chemical Company (Dow) and Izolan, broke ground today on a new, state-of-the-art polyurethane systems manufacturing facility in Vladimir, Russia. The new plant will help Dow Izolan to enhance its offering to Russian customers serving the fast-growing automotive, consumer, footwear, furniture, appliance and construction markets. The facility, which is scheduled for start-up in mid-2009, represents the company’s commitment to the polyurethanes industry in Russia and to offering customers a reliable supply of tailored, value-added solutions.

“As one of the world’s largest emerging economies, Russia is undergoing tremendous growth. To satisfy consumers’ appetites for new cars, energy efficient homes and better appliances, the polyurethanes industry must keep up with ever increasing demand,” said Aldo de Santi, general manager, Dow Izolan. “By expanding our manufacturing capabilities in the region, we can offer our Russian customers the fastest, most technically advanced solutions to their growing needs.”

From rigid foam systems used in construction panels and insulation to flexible foam systems used for arm rests, head rests and seating in automotive applications, the facility will produce a broad range of polyurethane systems.

“Combining the strengths of both Dow Polyurethane Systems and Izolan has enabled us to expand our presence in Russia, and continue to develop and commercialize products and technologies to meet specific requirements of the local market,” said Juan Antonio Merino, general manager, Dow Polyurethane Systems. “This new Dow Izolan facility is an example of Dow’s strategy to grow its downstream performance businesses to achieve consistent earnings growth and financial fitness. It also represents Dow’s and Izolan’s continued commitment to the polyurethanes industry and to customers in Russia. Dow Izolan is a strategic partnership that solidifies our position as a preferred supplier in Russia and creates long-term opportunities for Dow.”

Established in August 2006, Dow Izolan is based in Vladimir, 170 kilometers (km) northeast of Moscow, and has more than 100 employees.

About Dow Izolan

Established in 2006, Dow Izolan is the joint venture formed by the world’s leading chemical company The Dow Chemical Company and the Scientific Manufacturing Company Izolan Ltd., the leading Russian producer of polyurethane systems. Leveraging Dow Polyurethane Systems’ global technological leadership and raw materials back integration, and Izolan market experience and strong focus on local customers, the Dow Izolan joint venture is the leader at the polyurethane components market in Russia and the CIS. Dow Izolan offers a wide range of products to more than 700 customers in various industries including construction, automotive, shipbuilding, and refrigeration equipment. More information about Dow Izolan can be found at www.dow-izolan.com.

About Dow Polyurethane Systems

Dow Polyurethane Systems, a business within Dow Polyurethanes, is a global leader in the development and formulation of fully formulated polyurethane systems for a broad range of applications and is focused on providing innovative, tailor-made solutions to customers world-wide. The business manufactures and markets custom formulated rigid and semi-rigid, flexible, integral skin, and microcellular polyurethane foams and fully formulated systems as well as elastomers, sealants, coatings and binders. These products are used in applications ranging from construction, automotive, appliance, furniture and shoe soles to decorative molding and athletic equipment. Focused on meeting the specific needs of customers in their local geographic region, Dow Polyurethane Systems operates a global network of 17 systems houses with manufacturing units and 7 service centers, supported by two research and development centers. For more information, please visit www.pusystems.com.

About Dow

About Dow in Russia and the CIS

With a continued presence since 1974, and currently more than 150 employees, Dow in Russia offers a variety of specialty and base plastics and chemicals to a wide range of industries including automotive, paint, construction, packaging, furniture, wire and cable, large appliances, water treatment and agricultural products. The Company’s turnover in the Russian Federation in 2007 was around USD 560 million, which is about 50% higher than in 2006, confirming the consistent growth trend of the past years. Dow's presence in Russia is growing fast. The Company has built a STYROFOAM™ extruded polystyrene insulation boards production plant close to Moscow, and formed the Russian joint venture Dow Izolan in the Polyurethane Systems business which is building a new, large and state-of-the-art production plant in Vladimir. In 2007, Dow, Gazprom and SIBUR signed the Memorandum of Intent to explore the potential for an international petrochemical partnership. For more information, please visit www.dow.ru.

®™^* Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow

For Editorial Information:

Myra Dean
The Dow Chemical Company
(989) 638-6969

Ally Gellert
Gibbs & Soell, Inc.
(212) 697-2600

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Asia Pacific Europe India, Middle East, Africa Latin America North America About Dow Polyurethanes Product Stewardship ISO Certificates Answer Center News Events MSDS & SDS My Account @ Dow Contact Us Send An Email Technical Inquiry Global Polyurethanes Home	Dow Izolan Breaks Ground on New Polyurethane Systems Facility in Russia Vladimir, Russia - September 09, 2008 Dow Izolan, the joint venture company between The Dow Chemical Company (Dow) and Izolan, broke ground today on a new, state-of-the-art polyurethane systems manufacturing facility in Vladimir, Russia. The new plant will help Dow Izolan to enhance its offering to Russian customers serving the fast-growing automotive, consumer, footwear, furniture, appliance and construction markets. The facility, which is scheduled for start-up in mid-2009, represents the company’s commitment to the polyurethanes industry in Russia and to offering customers a reliable supply of tailored, value-added solutions. “As one of the world’s largest emerging economies, Russia is undergoing tremendous growth. To satisfy consumers’ appetites for new cars, energy efficient homes and better appliances, the polyurethanes industry must keep up with ever increasing demand,” said Aldo de Santi, general manager, Dow Izolan. “By expanding our manufacturing capabilities in the region, we can offer our Russian customers the fastest, most technically advanced solutions to their growing needs.” From rigid foam systems used in construction panels and insulation to flexible foam systems used for arm rests, head rests and seating in automotive applications, the facility will produce a broad range of polyurethane systems. “Combining the strengths of both Dow Polyurethane Systems and Izolan has enabled us to expand our presence in Russia, and continue to develop and commercialize products and technologies to meet specific requirements of the local market,” said Juan Antonio Merino, general manager, Dow Polyurethane Systems. “This new Dow Izolan facility is an example of Dow’s strategy to grow its downstream performance businesses to achieve consistent earnings growth and financial fitness. It also represents Dow’s and Izolan’s continued commitment to the polyurethanes industry and to customers in Russia. Dow Izolan is a strategic partnership that solidifies our position as a preferred supplier in Russia and creates long-term opportunities for Dow.” Established in August 2006, Dow Izolan is based in Vladimir, 170 kilometers (km) northeast of Moscow, and has more than 100 employees. About Dow Izolan Established in 2006, Dow Izolan is the joint venture formed by the world’s leading chemical company The Dow Chemical Company and the Scientific Manufacturing Company Izolan Ltd., the leading Russian producer of polyurethane systems. Leveraging Dow Polyurethane Systems’ global technological leadership and raw materials back integration, and Izolan market experience and strong focus on local customers, the Dow Izolan joint venture is the leader at the polyurethane components market in Russia and the CIS. Dow Izolan offers a wide range of products to more than 700 customers in various industries including construction, automotive, shipbuilding, and refrigeration equipment. More information about Dow Izolan can be found at www.dow-izolan.com. About Dow Polyurethane Systems Dow Polyurethane Systems, a business within Dow Polyurethanes, is a global leader in the development and formulation of fully formulated polyurethane systems for a broad range of applications and is focused on providing innovative, tailor-made solutions to customers world-wide. The business manufactures and markets custom formulated rigid and semi-rigid, flexible, integral skin, and microcellular polyurethane foams and fully formulated systems as well as elastomers, sealants, coatings and binders. These products are used in applications ranging from construction, automotive, appliance, furniture and shoe soles to decorative molding and athletic equipment. Focused on meeting the specific needs of customers in their local geographic region, Dow Polyurethane Systems operates a global network of 17 systems houses with manufacturing units and 7 service centers, supported by two research and development centers. For more information, please visit www.pusystems.com. About Dow About Dow in Russia and the CIS With a continued presence since 1974, and currently more than 150 employees, Dow in Russia offers a variety of specialty and base plastics and chemicals to a wide range of industries including automotive, paint, construction, packaging, furniture, wire and cable, large appliances, water treatment and agricultural products. The Company’s turnover in the Russian Federation in 2007 was around USD 560 million, which is about 50% higher than in 2006, confirming the consistent growth trend of the past years. Dow's presence in Russia is growing fast. The Company has built a STYROFOAM™ extruded polystyrene insulation boards production plant close to Moscow, and formed the Russian joint venture Dow Izolan in the Polyurethane Systems business which is building a new, large and state-of-the-art production plant in Vladimir. In 2007, Dow, Gazprom and SIBUR signed the Memorandum of Intent to explore the potential for an international petrochemical partnership. For more information, please visit www.dow.ru. ®™^* Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow For Editorial Information: Myra Dean The Dow Chemical Company (989) 638-6969 Ally Gellert Gibbs & Soell, Inc. (212) 697-2600
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