Vladimir, Russia -- The chairman of Vladimir Region Legislative Assembly, Vladimir Kiselev, visited Dow Izolan on 21 Dec 2012, to see the work of the joint venture making polyurethane systems formed in 2006 between Dow Chemical Co. and Izolan Ltd.
During a site tour and press briefing, Mikhail Tsarfin, Dow Izolan general manager, presented innovations in use of polyurethane systems and in an overview of the company's activities outlined plans to invest in expanding and diversify the business through to 2017, and further contribute to the region's economic development.
"We highly appreciate the trustworthy relations with the local authorities and their support for Dow Izolan to continue bringing into the local market our scientific, commercial and manufacturing capabilities," said Tsarfin, in a statement, noting Dow Izolan's contribution to to economic development in Vladimir, and its role well as "a truly responsible corporate citizen."
"I would like to see more innovation-driven companies being formed in the city that help transform Vladimir into a centre of science, education and breakthrough developments," Tsarfin added.
Kiselev and media representatives visited the plant and laboratory to see the advanced manufacturing processes and tailored polyurethane systems solutions, aimed at applications including construction, automotive, refrigeration equipment, furniture, footwear and more.
"Entering a local market, an investor, especially a foreign one, is confronting a series of challenges to form a company and develop business," commented Kiselev. "I believe a governmental organisation needs to be formed to be able to provide such support, help find solutions and facilitate business development locally."
Kiselev added that the assembly is developing a strategy for the Vladimir region aimed at "establishing relations with investors and encouraging them to launch sustainable enterprise such as Dow Izolan."
"Though at first sight a medium-size enterprise with only 150 employees, Dow Izolan contributes 3 percent of the gross regional product and is one of the 10 largest taxpayers in the Vladimir region," concluded Kiselev.
Dow Izolan was recently recognised by the Russian Union of Industrialists and Entrepreneurs for the sustainable dynamics of its business development, and the company says its" continues to be a leader in Russia and the CIS" in commercialisation of tailored polyurethane systems solutions.