Dow Continues to Increase Investment in China

Release time：

2011-11-24 00:00

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Dow continues to increase its investment in China,with a total investment of hundreds of millions of dollars.Shi Botao,president of Dow Greater China,revealed in Beijing on the 16th that Dow will continue to increase its investment in China in the next few years and achieve annual sales of$7 billion to$8 billion by 2015.The Dow Chemical Company is a diversified multinational company that provides a wide range of products and services to customers in 160 countries.At present,Dow has 18 production bases and 6 business centers in Greater China.

At a press conference held on the same day,Shi Botao announced the future growth strategy of Dow Greater China.He said that Dow will strengthen collaboration with customers,increase investment in China,increase local innovation capabilities,expand business in Taiwan,strengthen brand building,strengthen human resources investment,and promote development in Greater China.Dow will open a Chengdu office in the first half of 2012 as a business and sales center in western China,and plans to expand its Beijing office on a large scale,and complete the expansion of its Shanghai R&D center in 2013.

At present,Dow has many small and medium-sized investment projects in China,with a total investment of hundreds of millions of dollars.These include the establishment of a joint venture in Shandong Province with Binhua Group to produce tetrachloroethylene,a non-ozone depleting refrigerant,and a chemical logistics center in Tianjin with Longxiang Group.At the same time,preparations for the construction of a super-large coal chemical integration project in Shaanxi Province with Shenhua Group are also continuing.