By Liz White, UT editor
Vladimir, Russia-The Dow Chemical Co. and Izolan announced 3 Nov that their Dow Izolan Russian joint venture in polyurethane systems has started formal operations. The joint venture combines Dow's Polyurethane Systems business with Izolan's local expertise. Dow claims its systems business is, "known for its global leadership position in technology and raw materials back integration," while Izolan has "a strong local customer focus, product positioning and market experience."
The new company is based in Vladimir, 170 km northeast of Moscow.
"Dow Izolan puts application chemistry and process tailoring at work to grow our customers' business" said Aldo De Santi, general manager Dow Izolan and regional commercial director North Europe Dow Polyurethane Systems, in the statement.
"By leveraging the complementary strengths of Dow and Izolan, the JV is positioned to be the leader in the polyurethane systems market in Russia" De Santi added."Further, we are committed to build a new, large, state-of-the-art production plant in Vladimir to meet our customers growing needs and to mutually foster our growth. The new facility, expected in the next 18/24 months, will produce a broad variety of polyurethane systems solutions," De Santi said.
"The Dow Izolan joint venture is equipped with state-of-the-art analytical and research laboratories where our technicians take innovative solutions from the lab to prototyping on series of PU foaming machines fully representing customers conditions" said Mikhail Tsarfin, marketing and sales director, Dow Izolan.
"… our objective is to position Dow Izolan as the preferred partner of choice for the polyurethane systems growing customer base in Russia" Tsarfin explained.