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Finance & Accounting
Pages 14 (3514 words)
Response to Part D During the financial year 2011, Dow Chemicals actively indulged itself in off-shore activities and venturing into new businesses all around the globe. Dow and Matsui & Co., Ltd. announced the formation of a joint venture aimed at providing product solution to the flexible packaging, hygiene and medical end-markets…
In addition, Dow has announced plans to invest in facility in Saudi Arabia for DOW™ FILMTEC™ reverse osmosis elements. The company is also considering building two new plants in Map Ta Phut, Thailand, and Schkopau, Germany. To reflect Dow’s disciplined portfolio management and strategy to focus on higher-value performance businesses, the company has decided to sale its global Polypropylene business to Braskem SA and in the third quarter of the financial year Dow AgroSciences and M.S. Technologies LLC have announced a submission to the U.S. Department of Agriculture for approval of the first-ever three-gene herbicide-tolerant soybean. Dow is named to Dow Jones Sustainability World Index 11th time since the index was launched. Dow has improved its rating from last year and has thus achieved the highest score in the chemical sector. In the last quarter of the financial year, Dow launched its DOW POWERHOUSE™ Solar Shingle to U.S. markets, starting in Colorado and expanding into targeted states through 2012. Joint venture of Dow, SCG-Dow Group, has started its propylene oxide facility in Thailand using innovative hydrogen peroxide to propylene oxide technology. To enhance innovation collaboration between two companies, Dow and Haier Group have agreed to establish the Haier-Dow Global Joint Innovation Laboratory in China. ...
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