Dow Announces Feasibility Study for Expansion of Cellulose Ether Footprint
December 08 2011 - 11:00AM
Business Wire
The Dow Chemical Company (NYSE: DOW) announced today that it is
planning to expand its cellulosic production capacity, particularly
for construction grade applications, with a geographic focus on the
Asia Pacific region. Cellulosic technology is a strategic part of
Dow’s product portfolio. Global demand for cellulosics in the
construction industry grew nearly 15 percent in the past year
alone, outstripping global supply. Expanding capacity will position
Dow to meet the increasing global demand for cellulosics and
demonstrate its commitment to investing in specialty products that
deliver an advantage to Dow customers and their markets.
Decisions regarding the location and capacity of assets will be
made upon completion of a feasibility study.
Dow produces several cellulose ether grades, such as
hydroxyethyl cellulose (HEC), hydroxyethyl methyl cellulose (HEMC),
and hydroxypropyl methyl cellulose (HPMC) for a wide variety of
market segments such as pharmaceutical, personal care, industrial
and building and construction. These segments are poised to
experience high growth, driven by global trends including
population growth, a rising middle class and infrastructure
investments in rapidly developing regions. In the next 10 years,
the construction industry is projected to grow nearly 7 percent per
year in China and South Asia alone.
“For our business, this will help add greater value to our
customers around the world,” said Colin Gouveia, global general
manager, Dow Construction Chemicals. “Our world-class cellulose
ether production sites in Germany and the U.S., along with our
steadfast commitment to this industry for more than 40 years, have
enabled us to sustain our leadership position in cellulosics.
Expanding capacity will allow Dow to further grow this position;
maintain reliable supply for our customers; and demonstrate the
company’s commitment to invest in attractive, high-growth
regions.”
In the building and construction industry, cellulosic products
act as thickening agents to enhance sag resistance, water
retention, adhesion and workability in a variety of dry mix
applications, such as tile adhesives and grouts, tape joint
compounds, reinforcing and bonding mortars for exterior insulation
and finish systems (EIFS), and gypsum- and cement-based plasters
and renders.
About Dow
Dow (NYSE: DOW) combines the power of science and technology
with the “Human Element” 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 such as the need for clean water,
renewable energy generation and conservation, and increasing
agricultural productivity. 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 such as electronics, water, energy,
coatings and agriculture. In 2010, Dow had annual sales of $53.7
billion and employed approximately 50,000 people worldwide. The
Company’s more than 5,000 products are manufactured at 188 sites in
35 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.
About Dow Construction Chemicals
With a broad product portfolio in acrylic, redispersible latex
powder, and cellulosic technology Dow Construction Chemicals is a
leading supplier to construction product formulators around the
world. Dow Construction Chemicals' building science expertise and
robust research and development capabilities is based on a 40-year
track record in the building and construction industry. We offer
in-depth application know-how as well as effective formulation
support to manufacturers of building and construction products
around the world - a strong construction-focused business unit
supported by global research, technical service and manufacturing
facilities. Our worldwide network of research and manufacturing
capabilities is well equipped to meet the demands of today's
businesses. Customers benefit from global innovations and
development across all regions, and can also rely on local
resources that understand the specific demands of the regional
marketplace. Visit us at www.dowconstructionchemicals.com.
®TM Trademark of The Dow Chemical Company (“Dow”) or an
affiliated company of Dow
Dow (NYSE:DOW)
Historical Stock Chart
From Apr 2024 to May 2024
Dow (NYSE:DOW)
Historical Stock Chart
From May 2023 to May 2024