Dow signs Letter of Intent with Zhangjiagang Free Trade Zone
Dow Intends to Significantly Step Up Investment in China
The Dow Chemical Company signed a Letter of Intent (LOI) with the Administrative Committee of Zhangjiagang Free Trade Zone in Jiangsu Province and expressed its intention to significantly step up investment in China. Located on the Yangtze River approximately 200 kilometers (125 miles) upstream from Shanghai, Zhangjiagang is uniquely positioned to supply domestic customers as well as export markets. The LOI covers products in three downstream Performance businesses of Dow - DOWANOL(TM) PM glycol ethers in specialty chemicals, styrene butadience latex in Dow Latex, and STYROFOAM(TM) brand insulation in Dow Building Solutions.
Dow currently operates three world-scale, state-of-the-art facilities in the Yangtze River International Chemical Park in Zhangjiagang Free Trade Zone: a converted epoxy resin plant, a styrene butadiene latex facility, as well as a polystyrene resin plant. Total investment so far is about US$300 million. The facilities under the LOI would bring an additional US$200 million investment to this strategic site in China.
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