MIDLAND, Mich., July 1, 2021 /PRNewswire/ -- Dow (NYSE: DOW)
today announced a series of incremental, high-return capacity
expansions to support growing demand across key end-markets, all of
which value sustainable solutions and continue to grow faster than
GDP.
In Dow's Consumer Solutions business, several key growth
projects are planned to come online globally throughout 2021 and
will increase capacity of:
- Silicone elastomers and thermally conductive materials –
meeting growing demand for vehicles that are lighter, safer, and
have a lower carbon footprint;
- Silicone polymers and sealants – supporting greater design
flexibility and enabling safe, sustainable and aesthetically
pleasing architectures;
- Silicone engineered materials and pressure sensitive adhesives
– improving reliability and efficiency in consumer &
electronics markets; and
- CatHEC (cationic hydroxyethylcellulose) polymers and PEGs
(polyethylene glycols) – addressing a variety of home and personal
care applications.
These expansions build on Dow's previous investments in its
Consumer Solutions business, including more than 20 key
debottleneck, efficiency improvement and growth capital projects
throughout 2019 and 2020.
"Dow is committed to investing in differentiated silicone and
specialty materials assets to drive innovation and grow with our
customers globally," said Mauro
Gregorio, president, Dow Performance Materials &
Coatings. "There is growing demand for high-performance materials
that enable sustainable solutions, and we look forward to further
collaboration with our industry partners and customers following
these expansions."
In Dow's Polyurethanes & Construction Chemicals business,
the Company plans to increase propylene glycol (PG) capacity at its
existing facility in Map Ta Phut, Thailand by 80,000 tons per year – bringing
total capacity to 250,000 tons per year. Once complete this will
make the Dow Map Ta Phut PG facility the largest of its kind in
Asia Pacific. The capacity will
support customer growth across Asia
Pacific and India and is
expected to come online in 2024.
Dow's leading propylene glycol franchise upgrades basic chemical
building blocks to produce high-quality ingredients for cosmetics,
food, pharmaceuticals and many other products for everyday use.
"This increased propylene glycol capacity optimizes our existing
asset infrastructure to enable continued growth in high-value
applications and positions us to better serve our customers in
fast-growing markets," said Jane
Palmieri, president, Dow Industrial Intermediates &
Infrastructure.
Dow also recently announced plans to build an integrated
MDI distillation and prepolymers facility in Freeport, Texas. This investment supports
increasing demand for downstream polyurethane systems products and
advances Dow's leading positions in attractive applications in
construction, consumer, and industrial markets.
These investment plans fall within the Company's previously
committed capital expenditure targets.
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, with a purpose
to deliver a sustainable future for the world through our materials
science expertise and collaboration with our partners. 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,
mobility and consumer care. Dow operates 106 manufacturing sites in
31 countries and employs approximately 35,700 people. Dow delivered
sales of approximately $39 billion in
2020. 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.
For further information, please contact:
Kyle
Bandlow
+1.989.638.2417
kbandlow@dow.com
Twitter: https://twitter.com/DowNewsroom
Facebook: https://www.facebook.com/dow/
LinkedIn: http://www.linkedin.com/company/dow-chemical
Instagram: http://instagram.com/dow_official
®TM Trademark of The Dow Chemical Company ("Dow") or
an affiliated company of Dow
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SOURCE The Dow Chemical Company