BIZCHINA / Overseas Investment
Dow invests in Yangtze River area
By Jiang Jingjing (China Daily)
Updated: 2006-06-07 10:38
The Dow Chemical Company is well-established in the Yangtze River Delta:
four of its seven mainland production facilities are located in the
region; a world-class research and development centre and a global
information centre will be established in Shanghai; its most important
production base in the Asia-Pacific region is in Zhangjiagang; and it
plans to invest further in the region.
"This area is strategically located for Dow in China," said Jim
McIlvenny, president of Dow Asia Pacific, stressing the two advantages of
the area proximity to its customer base and convenient transportation.
McIlvenny cited the example of Dow's Zhangjiagang plant, where the US
firm has already invested US$300 million and will bring in another US$200
million in the coming two years. Over half of its major customers for
latex, epoxy and polystyrene have their manufacturing bases within 500
kilometres of the site.
"This plant is also close to the marine jetty on the Yangtze River, which
allows the shipping of raw materials and products by barge safely and
efficiently," McIlvenny added.
Dow's other facilities in the Yangtze River Delta are located in Ningbo,
Nantong and Shanghai.
"The chemical industry is a technology-intensive industry. We look at a
host of factors such as availability of feedstock, access and proximity
to customers and marketplace, readiness and sophistication of
infrastructure, (and we) generate business costs before making a decision
to invest," McIlvenny said.
He said that the company will keep working to identify and define the
highest value growth opportunities for Dow in China for each of its
products, including ethylene and coal chemicals.
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