{"id":450544,"date":"2021-03-04T08:03:08","date_gmt":"2021-03-04T13:03:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450544"},"modified":"2021-03-04T08:03:08","modified_gmt":"2021-03-04T13:03:08","slug":"dow-signs-mouto-establishsouth-china-specialties-hub","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dow-signs-mouto-establishsouth-china-specialties-hub\/","title":{"rendered":"Dow signs MoUto establishSouth China Specialties Hub"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Dow signs MoU<\/b><b>to establish<\/b><b>South China Specialties Hub<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><i>World-class manufacturing base will enhance Asia Pacific customers\u2019 local access to innovative material science solutions<\/i><\/li>\n<li><i>Further positions Dow to capture growth in world\u2019s largest chemicals market<\/i><\/li>\n<\/ul>\n<p>ZHANJIANG, China&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nDow (NYSE: DOW) today signed a Memorandum of Understanding (MoU) with the Zhanjiang Economic and Technological Development Zone Administrative Committee (Zhanjiang EDZ) to build the Dow South China Specialties Hub, a multi-year project providing customers local access to Dow\u2019s portfolio of high value products and innovative technologies.\n<\/p>\n<p>\n\u201cAsia Pacific is the world\u2019s largest chemicals market. Demands in the region are evolving towards high-value, specialty chemicals that help customers meet rapidly-developing megatrends in mobility, urbanization and sustainability,\u201d said Jon Penrice, Dow Asia Pacific president. \u201cThe establishment of the Dow South China Specialties Hub would further position Dow to provide industry-leading materials science solutions to continue to grow with our customers in China and throughout the entire region.\u201d\n<\/p>\n<p>\nThe new manufacturing hub would extend Dow\u2019s local reach, further enhancing supply reliability, responsiveness to market needs and customized innovation, and better positions customers for success in markets including automotive, pharmaceuticals, cleaning chemicals, apparel, lubricants and adhesives.\n<\/p>\n<p>\nAligned to Dow\u2019s focus on low capital intensive, fast payback and high return growth projects, under the MOU the Company would invest approximately $250 million to construct specialty polyurethanes and alkoxylates facilities, with a total product capacity of approximately 250,000 tons. The site also offers opportunity for future development and expansion at the Specialties Hub.\n<\/p>\n<p>\nHenry Ling, vice president of operations, Dow Asia Pacific, said, \u201cThe South China Specialties Hub will be built to Dow\u2019s world-class environmental, health and safety standards and aligned to Dow\u2019s recent commitment to become net carbon neutral by 2050. The new hub will adopt and employ advanced digital, intelligence and automation technologies to create a manufacturing space of world-class safety, productivity, reliability and sustainability performance.\u201d\n<\/p>\n<p>\n\u201cDow is a global leader of material science solutions and we are happy to see its planned investment for establishing a specialties manufacturing hub in Zhanjiang,\u201d said Liang Pei, party secretary of the Zhanjiang EDZ. \u201cWe are committed to turning our petrochemical park at the Donghai Island into a world-class one, providing a modern infrastructure and necessary supportive policies to Dow and the park\u2019s other companies.\u201d\n<\/p>\n<p>\nThe Dow South China Specialties Hub will be located at Donghai Island in Zhanjiang, the farthest southern tip of mainland China. Unique advantages include a deep-water port, transportation networks, and a world-class chemical park with advanced infrastructure and services. The strategic location enables Dow to cover demand across Asia Pacific.\n<\/p>\n<p><b>About Dow<\/b><\/p>\n<p>\nDow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company\u2019s 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\u2019s 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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.dow.com&amp;esheet=52390561&amp;newsitemid=20210304005518&amp;lan=en-US&amp;anchor=www.dow.com&amp;index=1&amp;md5=9a496855d1c312469a274d0327f7a5a3\">www.dow.com<\/a> or follow @DowNewsroom on Twitter.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005518r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210304005518\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210304005518\/en\/<\/a><\/span><\/p>\n<p><b>Kyle Bandlow<br \/>\n<\/b><br \/>+1 989-638-2417<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kbandlow@dow.com\">kbandlow@dow.com<br \/>\n<\/a><\/p>\n<p><b>Nora Gui<br \/>\n<\/b><br \/>+86 2138512417<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ngui@dow.com\">ngui@dow.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> China United States North America Asia Pacific Michigan<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Packaging Engineering Chemicals\/Plastics Manufacturing Other Science Science<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210304005518\/en\/863123\/3\/Dow-Seek_Vert_Centered.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Dow signs MoUto establishSouth China Specialties Hub World-class manufacturing base will enhance Asia Pacific customers\u2019 local access to innovative material science solutions Further positions Dow to capture growth in world\u2019s largest chemicals market ZHANJIANG, China&#8211;(BUSINESS WIRE)&#8211; Dow (NYSE: DOW) today signed a Memorandum of Understanding (MoU) with the Zhanjiang Economic and Technological Development Zone Administrative Committee (Zhanjiang EDZ) to build the Dow South China Specialties Hub, a multi-year project providing customers local access to Dow\u2019s portfolio of high value products and innovative technologies. \u201cAsia Pacific is the world\u2019s largest chemicals market. Demands in the region are evolving towards high-value, specialty chemicals that help customers meet rapidly-developing megatrends in mobility, urbanization and sustainability,\u201d said Jon Penrice, Dow Asia Pacific president. \u201cThe &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dow-signs-mouto-establishsouth-china-specialties-hub\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Dow signs MoUto establishSouth China Specialties Hub&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-450544","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dow signs MoUto establishSouth China Specialties Hub - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dow-signs-mouto-establishsouth-china-specialties-hub\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dow signs MoUto establishSouth China Specialties Hub - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Dow signs MoUto establishSouth China Specialties Hub World-class manufacturing base will enhance Asia Pacific customers\u2019 local access to innovative material science solutions Further positions Dow to capture growth in world\u2019s largest chemicals market ZHANJIANG, China&#8211;(BUSINESS WIRE)&#8211; Dow (NYSE: DOW) today signed a Memorandum of Understanding (MoU) with the Zhanjiang Economic and Technological Development Zone Administrative Committee (Zhanjiang EDZ) to build the Dow South China Specialties Hub, a multi-year project providing customers local access to Dow\u2019s portfolio of high value products and innovative technologies. \u201cAsia Pacific is the world\u2019s largest chemicals market. Demands in the region are evolving towards high-value, specialty chemicals that help customers meet rapidly-developing megatrends in mobility, urbanization and sustainability,\u201d said Jon Penrice, Dow Asia Pacific president. \u201cThe &hellip; Continue reading &quot;Dow signs MoUto establishSouth China Specialties Hub&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/dow-signs-mouto-establishsouth-china-specialties-hub\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-04T13:03:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005518r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-signs-mouto-establishsouth-china-specialties-hub\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-signs-mouto-establishsouth-china-specialties-hub\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Dow signs MoUto establishSouth China Specialties Hub\",\"datePublished\":\"2021-03-04T13:03:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-signs-mouto-establishsouth-china-specialties-hub\\\/\"},\"wordCount\":626,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-signs-mouto-establishsouth-china-specialties-hub\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210304005518r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-signs-mouto-establishsouth-china-specialties-hub\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/dow-signs-mouto-establishsouth-china-specialties-hub\\\/\",\"name\":\"Dow signs MoUto establishSouth China Specialties Hub - 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