Dow Chemical Company
The Dow Chemical Company is an American multinational corporation headquartered in Midland, Michigan, United States. The company was among the three largest chemical producers in the world in 2021.[2] It is the operating subsidiary of Dow Inc., a publicly traded holding company incorporated under Delaware law.[3]
"Dow Inc." redirects here. Not to be confused with Dow Jones & Company.Company type
1897
(original company)
April 1, 2019 (current iteration)
Midland, Michigan, U.S.
Worldwide
- Jim Fitterling (chairman and CEO)
- Jeff Tate (CFO)
Chemicals, plastics, performance chemicals, catalysts, coatings, hydrocarbon exploration
US$44.62 billion (2023)
US$656 million (2023)
US$589 million (2023)
US$57.97 billion (2023)
US$18.61 billion (2023)
c. 35,900 (2023)
- The Dow Chemical Company
- Union Carbide
- Rohm and Haas
With a presence in around 160 countries, it employs about 36,000 people worldwide.[1] Dow has been called the "chemical companies' chemical company",[4] as its sales are to other industries rather than directly to end-use consumers. Dow is a member of the American Chemistry Council.[5]
In 2015, Dow and fellow chemical company DuPont agreed to a corporate reorganization involving the merger of Dow and DuPont followed by a separation into three different entities. The plan commenced in 2017, when Dow and DuPont merged to form DowDuPont, and was finalized in April 2019, when the materials science division was spun off from DowDuPont and took the name of the Dow Chemical Company.[6][7][8][9]
The final board of directors of The Dow Chemical Co. were, prior to the closing of the merger with DuPont on 1 September 2017:[133]
The ten members of the board of directors of today's iteration of Dow are:[139][140]
Major sponsorships[edit]
In July 2010, Dow became a worldwide partner of the Olympic Games. The sponsorship extended until 2020.[141][142]
In September 2004, Dow obtained the naming rights to the Saginaw County Event Center in Saginaw, Michigan; the center is now called the Dow Event Center. The Saginaw Spirit (of the Ontario Hockey League) plays at the center, which also hosts events such as professional wrestling, live theater, and concerts.[143][144][145]
In October 2006, Dow bought the naming rights to the stadium used by the Great Lakes Loons, a Single-A minor league baseball team located in its hometown of Midland, Michigan. The stadium is called Dow Diamond. The Dow Foundation played a key role in bringing the Loons to the city.
In 2010, Dow signed a $100m (£63m) 10-year deal with the International Olympic Committee and agreed to sponsor the £7m Olympic Stadium wrap.[146]
Since 2014 Dow also sponsors Austin Dillon's #3 Chevrolet for Richard Childress Racing in the NASCAR Cup Series.
Major collaborations[edit]
Lab Safety Academy[edit]
On 20 May 2013, Dow launched the Dow Lab Safety Academy, a website that includes a large collection of informational videos and resources that demonstrate best practices in laboratory safety.[147] The goal of the website is to improve awareness of safety practices in academic research laboratories and to help the future chemical workforce develop a safety mindset. As such, the Dow Lab Safety Academy is primarily geared toward university students. However, Dow has made the content open to all, including those already employed in the chemical industry. The Dow Lab Safety Academy is also available through the Safety and Chemical Engineering Education program, an affiliate of American Institute of Chemical Engineers (AIChE); and The Campbell Institute, an organization focusing on environment, health and safety practices.
The Dow Lab Safety Academy is one component of Dow's larger laboratory safety initiative launched in early 2012, following a report from the U.S. Chemical Safety Board[148] that highlighted the potential hazards associated with conducting research at chemical laboratories in academic institutions. Seeking to share industry best practices with academia, Dow partnered with several U.S. research universities to improve safety awareness and practices in the departments of chemistry, chemical engineering, engineering and materials. Through the pilot programs with U.C. Santa Barbara (UCSB), University of Minnesota, and Pennsylvania State University, Dow worked with graduate students and faculty to identify areas of improvement and develop a culture of laboratory safety.
Nature conservancy[edit]
In January 2011, The Nature Conservancy and The Dow Chemical Co. announced a collaboration[149] to integrate the value of nature into business decision-making. Scientists, engineers, and economists from The Nature Conservancy and Dow are working together at three pilot sites (North America, Latin America, and TBD[150]) to implement and refine models that support corporate decision-making related to the value and resources nature provides. Those ecosystem services include water, land, air, oceans and a variety of plant and animal life. These sites will serve as a “living laboratories”, to validate and test methods and models so they can be used to inform more sustainable business decisions at Dow and hopefully influence the decision-making and business practices of other companies.[151]
Companies part-owned by Dow include:[1]