American giant Dow Inc. (Dow), following an MoU signed with China’s Zhangjiagang Free Trade Zone (FTZ), will invest at least US$300 million throughout the next five years to expand capacity for differentiated silicones products manufactured in the region. Dow will further develop its silicone intermediates and downstream portfolio as well, including its silicone fluids and adhesives and sealants.
The “low-risk, high-return investment” was made in response to customer demand for “sustainable and differentiated” silicone products throughout the China and the Asia-Pacific region. Mauro Gregorio, President of Dow Performance Materials & Coatings, said the investment chiefly aims to support customers in industries such as mobility and transportation, building and infrastructure, electronics, and home and personal care.
“The MoU we are signing today is a testament to our long-standing commitment to growing alongside the city of Zhangjiagang and our partners in China,” said Yoke Loon Lim, President of Dow Greater China.
Additionally, Dow intends to share manufacturing best practices with local authorities to improve overall safety and environmental performance in the Zhangjiagang FTZ.