[Zhanjiang, China, March 4, 2021] The Dow Company (NYSE: DOW) and the Management Committee of Zhanjiang Economic and Technological Development Zone signed a memorandum today to plan to establish a Dow South China specialty chemical manufacturing base for customers Provide high value-added products and innovative technologies produced locally by Dow.

Jon Penrice, President of Dow Asia Pacific, said: “The Asia-Pacific region is the world’s largest chemical market. With the rapid advancement of new-generation transportation technology, urbanization, and sustainable development, the market has demand for high-value specialty chemicals. Growing. The construction of Dow’s South China specialty chemicals manufacturing base will enable Dow to better provide industry-leading material science solutions for customers in China and the entire Asia-Pacific region, and continue to seek common development with local customers.”

The planned South China manufacturing base will effectively improve Dow’s local production capacity, further improve supply reliability, accelerate market demand response, and strengthen customized innovation to help customers in automotive, pharmaceutical, cleaning, clothing, lubricants, and adhesives Wait for the market to succeed.

Dow focuses on growth projects with low capital intensive, fast return, and high yield characteristics in related industries. According to the memorandum, Dow will invest about 250 million U.S. dollars to build special polyurethane and special surfactant devices, with a total production capacity of about 250,000 tons. The base also reserves space for future growth and development.

Ling Xianghui, Vice President of Dow’s Asia Pacific Manufacturing Operations Department, said: “The South China manufacturing base will be planned and constructed in accordance with Dow’s world advanced environmental, health and safety standards, and will implement Dow’s latest sustainability goal of achieving carbon neutrality by 2050. Development commitment. The base will adopt advanced digital, intelligent, and automated technologies to create a world-class safe, efficient, reliable, and environmentally sustainable manufacturing base.”

Liang Pei, member of the Standing Committee of the CPC Zhanjiang Municipal Committee and Secretary of the Party Committee of the Economic and Technological Development Zone, said: “Dow is the world’s leading provider of materials science solutions. We welcome Dow’s investment in the construction of a specialty chemical manufacturing base in Zhanjiang. The Island Petrochemical Industrial Park will be built into a world-class petrochemical industrial park, providing modern infrastructure and necessary policy support for Dow and other enterprises in the park.”

Dow’s South China Specialty Chemical Manufacturing Base will be located in Donghai Island, Zhanjiang City, Guangdong Province. There are many advantageous resources here, including deep-water ports and a developed transportation network. It is a world-class petrochemical park with advanced infrastructure and services. At the same time, the strategic location of the park will help Dow’s new manufacturing base radiate the entire Asia-Pacific region and meet customer needs.