Dow commits $3 million to aid COVID-19 relief efforts and adjusts manufacturing processes to produce hand sanitizer
March 23 2020 - 2:56PM
Business Wire
Dow (NYSE: DOW) today announced a commitment of $3 million to
help fund COVID-19 relief efforts with donations going towards
global relief organizations, as well as non-profits in communities
where Dow operates. In addition, the Company announced it has begun
producing hand sanitizer at its manufacturing site in Stade,
Germany, and is repurposing an existing facility to produce hand
sanitizer in the U.S., as well.
Relief efforts include:
- $2 million for immediate support of impacts caused by COVID-19.
Funds will support the following relief efforts:
- Donation to COVID-19 Solidarity Fund to support World
Health Organization (WHO) efforts around the world
- Donation to Direct Relief, humanitarian aid
organization, to distribute medical supplies
- Support for local and regional non-profit organizations in Dow
communities around the globe
- Other funds earmarked for emerging needs
- $1 million to build community resilience in the recovery
phase
- Production of 300 tons of hand sanitizer per month, equivalent
to 600,000 standard bottles (500ml each) for donation to pharmacies
and hospitals in Stade, Germany and other regions in Germany
- The Company is also rapidly repurposing an existing facility to
produce hand sanitizer in the U.S. More information about this
effort will be shared soon.
These donations will help distribute essential supplies, such as
personal protective equipment to frontline health workers, and they
will help protect the health and lives of people affected by
poverty or emergency situations by mobilizing and providing
essential medical resources.
“Safety is our top priority at Dow. With the unprecedented
impacts of COVID-19 impacting our world, we are committed to
helping protect the health and safety of our employees and
communities, while deploying our business solutions where they are
needed most,” said Jim Fitterling, Dow CEO. “We appreciate this
crisis places extreme stress on nonprofits, social services, small
business and health care sectors, and we are working to provide
fast, flexible funding, as well as adjusting our manufacturing
processes where we are able to help address those needs.”
“The Dow Company Foundation harnesses the power of Team Dow and
directs our time, talent and resources to address the world’s most
pressing challenges,” said Howard Ungerleider, Dow President and
CFO and chair of the Dow Company Foundation. “Through this initial
commitment, we are sending immediate financial support to
organizations directly addressing the COVID-19 crisis and working
to protect the resiliency of our communities.”
Dow will continue to monitor emerging local and global needs as
the COVID-19 situation evolves, in order to effectively leverage
Dow innovation, people and resources.
Hear more from Dow CEO Jim Fitterling on Dow’s response to
COVID-19 here.
About Dow
Dow (NYSE: DOW) combines global breadth, asset integration and
scale, focused innovation and leading business positions to achieve
profitable growth. The Company’s ambition is to become the most
innovative, customer centric, inclusive and sustainable materials
science company. Dow’s portfolio of plastics, industrial
intermediates, coatings and silicones businesses delivers a broad
range of differentiated science-based products and solutions for
its customers in high-growth market segments, such as packaging,
infrastructure and consumer care. Dow operates 109 manufacturing
sites in 31 countries and employs approximately 36,500 people. Dow
delivered sales of approximately $43 billion in 2019. References to
Dow or the Company mean Dow Inc. and its subsidiaries. For more
information, please visit www.dow.com or follow @DowNewsroom on
Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20200323005630/en/
Nancy Lamb 989-638-7251 nelamb@dow.com
Rachelle Schikorra 989-638-4090 ryschikorra@dow.com
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