Underscoring its growth strategy, The Dow Chemical Company has unveiled the creation of a new specialty business unit operating under the name of Dow Wolff Cellulosics.
On a pro-forma basis, the business which is now Dow Wolff Cellulosics had combined revenues of more than US $1 billion in 2006 and employed 2,200 people worldwide.
The business will encompass cellulosics and related chemistries, providing application formulation expertise and other technical services to a broad range of strategic industry sectors, including construction, paint, personal care, pharmaceuticals, food and a number of specialty industrial applications.
The creation of Dow Wolff Cellulosics establishes a solid platform for sustainable business growth based on renewable raw materials; global manufacturing capabilities; a modern asset base; innovative R&D; specialised market channels; and, most importantly, expert people with in-depth application know-how. These elements will generate new opportunities for customers, as they benefit from leading-edge application and processing technologies.
