China to promote business innovation and the development of Dow ...

Posted on September 13, 2011
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9 ? 11 ? Dow Greater China president Dan Botao interview in Shanghai.

Since the financial crisis, Dow?s transformation of the road were hit, ?Tomorrow, Dow? specialty chemicals supplier to the transition plan had significantly pushed back. After two years of respite ? August 2, Dow Chemical announced: it will spend $ 20 billion, and the world?s largest supplier of crude oil joint venture of Saudi Aramco, in Saudi Arabia, Jubail Industrial City to build and operate a world scale , integrated and comprehensive chemical facilities ? Dow decision-makers can finally restart the restructuring plan.

?Dow Greater China is now the world?s second largest international market, and eventually is expected to become the world?s largest market, Dow, (relying on technological innovation) in China sales 99% from functional materials and advanced materials business, from basic chemicals account for only 1% of income, we can say that in China, leading the Dow?s global business strategy transformation, ?said Dan Botao.

?9.11? is always a pain the United States, suffered heavy losses after it began the long road to recovery, now Dow Chemical began Nirvana rebirth.

Innovation-driven Nirvana rebirth

Reporter: Dow Chemical?s global transformation is underway, the current progress in China?

Dan Botao: Dow future direction of development in China has clearly visible!

Our business structure in China reflects a good strategy for Dow?s global transformation ? our sales revenue in China from 99% of functional materials and advanced materials business, from basic chemicals account for only 1% of income, functional and specialty products in the proportion of business, higher than anywhere else in the world.

Present, we have set up in Shanghai, a regional and global center of innovation, it is in the world?s largest integrated business and innovation center in China and for the Dow business development throughout Asia provides a strong support.

Reporter: Shanghai Dow Dow is the world?s leading center of research and development centers, why in China set a world-class R & D center?

Dan Botao: In recent years, our local customers are increasingly demanding that we work closely with them to help them improve product quality, enabling them to better compete in the global marketplace and win.

Innovation is the core of all business in China, innovation, we have a differential advantage, thus promoting the development of our business, but also allows us to establish with the Chinese leader?s deep-seated partnership. As a world leading R & D facilities and modern work environment and innovative company, we have also attracted excellent local talent.

Since June 2009, fully operational since the Dow Center in Shanghai has achieved good results, here we developed products to meet global market demands. For example, formaldehyde is used in addition to interior coatings technology is successfully developed in China, the current domestic and international markets have been many top brands of paint used.

China?s position

Reporter: Dow revival in China in what position?

Dan Botao: Dow Greater China is now the world?s second largest international market, and eventually is expected to become the Dow the world?s largest market, we expect the next five years, Dow to double annual sales in Greater China and Greater China will one day become the most Dow the world?s largest market.

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Source: http://chinaplas.info/2011/09/china-to-promote-business-innovation-and-the-development-of-dow/

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