By David Reed, UT contributing editor
SHANGHAI, PEOPLE'S REPUBLIC OF CHINA-The Dow Chemical Co. has announced that it is building a major centre in Shanghai to service customers of all of its main businesses in the country and throughout Asia Pacific.
The 65 000-m2 complex, being built in the Zhangjiang Hi-Tech Park, Shanghai, will be a research and development centre as well as the centre of its global information technology and other administration and support facilities.
When finally completed, by 2008 according to the firm's 20 Oct announcement, it will employ about 1600 people-many of them scientists-working in 60 separate laboratories.
No specifics were released about the role of the centre in the firm's polyurethanes activities, but the announcement said it will support activities in building and construction, automotive, human health and personal care sectors.
Dow pointed out that its business in China, at over $2300 million a year, makes the country its third largest market, behind the US and Germany.
"With the new Dow Center Project officially commencing today, we are taking a major, significant step forward in bringing under one roof our best people, best technologies, and best work processes to support our customers in China, across the Asia Pacific region, and globally," said Jim McIlvenny, president of Dow Asia Pacific, in the Dow announcement.
"As our customers grow, we'll step up our collaboration through market-driven science and technology, innovation, enhancing current product platforms and creating the product platforms of the future," McIlvenny continued. "With this new centre we are even better positioned to meet our customers' needs by developing-and delivering-high performance products and applications tailored for their needs," the Dow chief's comments concluded."