Dow Epoxy Systems to locally manufacture formulations for wind energy in China & South Korea

23-Mar-09
Taking note of the ambitious targets set by China and South Korea in the wind energy sector, Dow Epoxy Systems (DES) announced that it has established an on-the-ground manufacturing facility in China and will accordingly start producing blends in company's site in South Korea. The Chinese facility will be located in Hubei province, at the heart of China to service customers in both the coastal as well as inner regions of the country. The manufacturing site in Wuhan is well equipped to provide customers with differentiated, solution-based products with multiple reactors which can handle also very high viscosity formulations. The asset will be used for the multiple market segments that DES is targeting, in particular composites, wind and infrastructure. In Korea, the DES site in Gumi will support the customers in North Asia region. The Chinese wind energy market doubled in size in 2008 compared to 2007, reaching over 12 GW of total installed capacity, as per the Chinese Wind Energy Association (CWEA). In 2009, new installed capacity is expected to nearly double again and is likely to surpass Germany and Spain to become world number two in terms of total wind power capacity in 2010. The South Korean government has reportedly placed orders to build ten new indigenously-made wind power generators to help reduce the country's reliance on imports in the renewable energy sector. Its Ministry of Knowledge Economy said the 2-to-3 MW generators, which are expected to compete commercially with market-dominating foreign products, will be built on land owned by three state-run thermal power plants by 2010.
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