TAGS: Sealants
Dow has signed a memorandum of understanding (MoU) with the Zhangjiagang Free Trade Zone in Jiangsu, China to meet the growing global demand for silicone intermediates and downstream portfolio, ranging from silicone fluids to adhesives and sealants.
Innovative and Sustainable Silicone Product Solutions for Asian Customers
Dow will invest 300 million USD in Zhangjiagang to enhance the company’s ability to collaborate and deliver innovative solutions to the customers.
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Due to megatrends such as globalization, urbanization, and a growing focus on sustainable development, customers across industries are seeking more innovative, sustainable and differentiated silicone products—especially customers in China and the Asia Pacific region,” said Mauro Gregorio, president of Dow Performance Materials & Coatings.
With the low-risk, a high-return investment plan for the next five years outlined in the agreement, Dow is well positioned to help customers grow and succeed by addressing their fast-growing needs across a wide range of key industries, such as mobility, transportation, building and infrastructure, electronics, home and personal care.
Improving Safety and Environmental Performance in the Free Trade Zone
The Zhangjiagang Free Trade Zone will facilitate Dow’s planned expansion by supporting the company through infrastructure and other services. Dow will share manufacturing best practices with local authorities to improve overall safety and environmental performance in the Free Trade Zone.
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The MoU we are signing today is a testament to our long-standing commitment to growing alongside the city of Zhangjiagang and our partners in China,” said Yoke Loon Lim, president of Dow Greater China, who signed the MoU on behalf of Dow.
Dow views China as a rapidly growing market and the planned investments reflect its confidence in this view. The MoU will enhance Dow’s ability to provide innovative materials science solutions to customers in China and across the broader Asia Pacific.
Source: Dow