2
The
Dow Chemical Company and Subsidiaries
PART
I, . Business.
THE COMPANY
The
Dow Chemical Company was incorporated in 1947 under Delaware law and is the
successor to a Michigan corporation, of the same name, organized in 1897. Except
as otherwise indicated by the context, the terms “Company” or “Dow” as used
herein mean The Dow Chemical Company and its consolidated subsidiaries. On
April 1, 2009, the merger of Rohm and Haas Company (“Rohm and Haas”) with a
subsidiary of the Company was completed, and Rohm and Haas became a wholly owned
subsidiary of Dow.
The
Company is engaged in the manufacture and sale of chemicals, plastic materials,
agricultural products and services, advanced materials and other specialized
products and services.
The
Company’s principal executive offices are located at 2030 Dow Center, Midland,
Michigan 48674, telephone 989-636-1000. Its Internet website address is www.dow.com. All of the
Company’s filings with the U.S. Securities and Exchange Commission are available
free of charge through the Investor Relations page on this website, immediately
upon filing.
BUSINESS
AND PRODUCTS
Corporate
Profile
Dow
combines the power of science and technology with the “Human Element” to
passionately innovate what is essential to human progress. The Company connects
chemistry and innovation with the principles of sustainability to help address
many of the world’s most challenging problems such as the need for clean water,
renewable energy generation and conservation, and increasing agricultural
productivity. Dow’s diversified industry-leading portfolio of specialty
chemical, advanced materials, agrosciences and plastics businesses deliver a
broad range of technology-based products and solutions to customers in
approximately 160 countries and in high growth sectors such as electronics,
water, energy, coatings and agriculture. In 2009, Dow had annual sales of
$44.9 billion and employed approximately 52,000 people worldwide. The
Company’s more than 5,000 products are manufactured at 214 sites in
37 countries across the globe. The following descriptions of the Company’s
eight operating segments include a representative listing of products for each
business.
ELECTRONIC
AND SPECIALTY MATERIALS
Applications: chemical
mechanical planarization (CMP) pads and slurries • chemical processing and
intermediates • electronic displays • food and pharmaceutical processing and
ingredients • printed circuit board materials • semiconductor packaging,
connectors and industrial finishing • water purification
Electronic Materials is a
leading global supplier of materials for chemical mechanical planarization;
materials used in the production of electronic displays; products and
technologies that drive leading edge semiconductor design; materials used in the
fabrication of printed circuit boards; and integrated metallization processes
critical for interconnection, corrosion resistance, metal finishing and
decorative applications. These enabling materials are found in applications such
as consumer electronics, flat panel displays and
telecommunications.
·
Products: ACuPLANE™ CMP
slurries; AR™ antireflective coatings; AUROLECTROLESS™ immersion gold
process; COPPER GLEAM™ acid copper plating products; DURAPOSIT™
electroless nickel process; ENLIGHT™ products for photovoltaic
manufacturers; EPIC™ immersion photoresists; INTERVIA™ photodielectrics
for advanced packaging; LITHOJET™ digital imaging processes; OPTOGRADE™
metalorganic precursors; VISIONPAD™ CMP
pads
Specialty Materials is a
portfolio of businesses characterized by a vast global footprint, a broad array
of unique chemistries, multi-functional ingredients and technology capabilities,
combined with key positions in the pharmaceuticals, food, home and personal
care, water and energy production, and industrial specialty industries. These
technology capabilities and market platforms enable the businesses to develop
innovative solutions that address modern societal needs for sufficient and clean
water, air and energy, material preservation and improved health care, disease
prevention, nutrition and wellness. The businesses’ global footprint and
geographic reach provide multiple opportunities for value growth. Specialty
Materials consists of five global businesses: Dow Water and Process Solutions,
Dow Home and Personal Care, Dow Microbial Control, Dow Wolff Cellulosics and
Performance Materials.
3
Products and Services:
Acrolein derivatives; ACUDYNE™ hair fixatives; ACULYN™ rheology modifiers;
ACUMER™ scale inhibitors and dispersants; AMBERLITE™ ion exchange resins;
AUTOMATE™ liquid dyes; Basic nitroparaffins and nitroparaffin-based
specialty chemicals; BOROL™ bleaching solution; CANGUARD™ BIT
preservatives; CELLOSIZE™ hydroxyethyl cellulose; Chiral compounds and
biocatalysts; CLEAR+STABLE™ carboxymethyl cellulose; CORRGUARD™ amino
alcohol; CYCLOTENE™ advanced electronics resins; DOW™ electrodeionization;
DOW™ latex powders; DOW™ ultrafiltration; DOWEX™ ion exchange resins;
DOWICIDE™ antimicrobial bactericides and fungicides; DURAPLUS™ floor care
polymers; ECOSURF™ biodegradable surfactants; EVOCAR™ vinyl acetate
ethylene; FILMTEC™ elements; FORTEFIBER™ soluble dietary fiber;
FOUNDATIONS™ latex; Hydrocarbon resins; Industrial biocides; METHOCEL™
cellulose ethers; MORTRACE™ marking technologies; NEOCAR™ branched vinyl
ester latexes; OPULYN™ opacifiers; POLYOX™ water-soluble resins; PRIMENE™
amines; Quaternaries; Reverse osmosis, electrodeionization and
ultrafiltration modules; SATINFX™ delivery system; SATISFIT™ Weight Care
Technology; SILK™ semiconductor dielectric resins; SOLTERRA™ Boost
ultraviolet protection-boosting polymers; SOLTEX™ waterproofing polymer;
SUNSPHERES™ SPF boosters; UCAR™ all-acrylic, styrene-acrylic and
vinyl-acrylic latexes; UCAR™ POLYPHOBE™ rheology modifiers; UCARE™
polymers; UCARHIDE™ opacifier; WALOCEL™ cellulose polymers; WALSRODER™
nitrocellulose
The
Electronic and Specialty Materials segment also includes the Company’s share of
the results of Dow Corning Corporation, a joint venture of the
Company.
COATINGS
AND INFRASTRUCTURE
Applications: building and
construction, insulation and weatherization, roofing membrane systems, adhesives
and sealants • construction materials (vinyl siding, vinyl windows, vinyl
fencing) • flexible and rigid packaging • general mortars and concrete, cement
modifiers and plasters, tile adhesives and grouts • house and traffic paints •
leather, textile, graphic arts and paper • metal coatings • processing aids for
plastic production • tapes and labels
Adhesives and Functional
Polymers is a portfolio of businesses that primarily manufacture sticking
and bonding solutions for a wide range of applications, including adhesive tapes
and paper labels, flexible packaging and leather, textile and imaging. These
products are supported with market recognized best-in-class technical support
and end-use application knowledge. Many of the businesses’ water-borne
technologies are well-positioned to support more environmentally preferred
applications.