Economic Prosperity

The economic prosperity of a city, province or nation is in part dependent on the amount, and type, of business being conducted there. In this section we have tried to share some of the key indicators of our impact in the Fort Saskatchewan community as well as the economic performance of the site.

Capital Expenditures

Production
Production numbers are influenced by a variety of factors, including product demand, plant rates, maintenance shutdowns, divestitures and acquisitions and weather and natural gas prices. Dow WCO’s production decreased in 2004 due to the divestiture of the EO/EG production unit to MEGlobal.

Production

Local Purchasing
It has been estimated that over time, a company’s spending often generates a multiple value six to ten times that of the original spending, and each job in the chemical manufacturing sector creates an additional 2.5 jobs. In 2005, Dow spent more than CDN$3.6 billion in Canada, a figure that includes all feedstock costs and some contributions.

We are fully aware of the impact many of our purchases can have on a given local economy; but, as a competitive, global enterprise, we have to find a responsible balance between supporting the local economy and actively managing our costs to a minimum. For certain products this means consolidating purchases and buying in great volume independent of the location of the supplier. However, we also purchase products and services that are, by their very nature bought locally, such as contract labor and certain maintenance activities.

Payroll

Taxes
Taxes paid by a company to the various authorities are an important part of our economic "footprint" in a country. In 2005 the various Dow subsidiaries around the world paid $1,600 Million USD in Corporate Income Tax, Property Taxes, Employer's portion of Payroll Taxes and various other non-income taxes.

In Fort Saskatchewan, Dow and MEGlobal paid over $6.7 million in property taxes combined.


Letter from the Site Leader 2015 Sustainability Goals About Us Economic Prosperity Environmental Stewardship Corporate Social Responsibility Dow Corporate Report 2005 Dow Public Reports from Around the World The Dow Western Canada Operations Public Report 2005		Economic Prosperity The economic prosperity of a city, province or nation is in part dependent on the amount, and type, of business being conducted there. In this section we have tried to share some of the key indicators of our impact in the Fort Saskatchewan community as well as the economic performance of the site. Capital Expenditures Production Production numbers are influenced by a variety of factors, including product demand, plant rates, maintenance shutdowns, divestitures and acquisitions and weather and natural gas prices. Dow WCO’s production decreased in 2004 due to the divestiture of the EO/EG production unit to MEGlobal. Local Purchasing It has been estimated that over time, a company’s spending often generates a multiple value six to ten times that of the original spending, and each job in the chemical manufacturing sector creates an additional 2.5 jobs. In 2005, Dow spent more than CDN$3.6 billion in Canada, a figure that includes all feedstock costs and some contributions. We are fully aware of the impact many of our purchases can have on a given local economy; but, as a competitive, global enterprise, we have to find a responsible balance between supporting the local economy and actively managing our costs to a minimum. For certain products this means consolidating purchases and buying in great volume independent of the location of the supplier. However, we also purchase products and services that are, by their very nature bought locally, such as contract labor and certain maintenance activities. Payroll Taxes Taxes paid by a company to the various authorities are an important part of our economic "footprint" in a country. In 2005 the various Dow subsidiaries around the world paid $1,600 Million USD in Corporate Income Tax, Property Taxes, Employer's portion of Payroll Taxes and various other non-income taxes. In Fort Saskatchewan, Dow and MEGlobal paid over $6.7 million in property taxes combined.
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