Dow Chemical Co. is eager to boost investment in China and could be probably looking at acquisitions, wholly owned or joint ventures. In early 2004, Dow had said it was looking to invest US$3 billion to build a plant in China capable of producing more than 1 million tpa of ethylene. China still has a regulation that an ethylene cracker above 600,000 tons needs to be done with a joint venture partner.
Dow has so far invested US$500 million in 10 manufacturing sites in China and will invest a further US$200 million to construct a new glycol ethers facility. Dow also plans an information technology and research center in Shanghai, on which construction is about to start.
12-Jun-06 
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