Dow to expand in China?

27-Jan-05

US based Dow Chemical Company has plans to expand in China to position itself for long-term growth in the country. China is a very important market and Dow will continue to explore and assess options for investment and growth in this important emerging market. China is Dow's third-largest market globally in terms of revenue, behind the United States and Germany. The company's revenue in China grew 40% year-on-year in 2004 and doubled over the past 4 years. Dow has undertaken a feasibility study in China to choose a location for a new centre. The new Dow centre will initially be comprised of a modern research and development facility as well as a global information technology (IT) centre, with plans to include other service and support facilities at a later date.