Dow Chemical announced that it is planning to build a new Research and Development Center in China with an investment of $500 million.
The new plant will be able to produce new technologies for Asia Pacific markets.
“Dow Chemical has decided to invest more than $500 million in the division’s R&D, accounting for about one-third of its $1.7 billion. These new technologies will be a strong stimulus to the growth of the division’s sales in Asia. Our R&D center in Shanghai has provided strong support for Dow Chemical’s business expansion in China and Asia,” said Jerome Peribere, Dow Chemical executive vice president.
The new plant will be able to produce new technologies for Asia Pacific markets.
“Dow Chemical has decided to invest more than $500 million in the division’s R&D, accounting for about one-third of its $1.7 billion. These new technologies will be a strong stimulus to the growth of the division’s sales in Asia. Our R&D center in Shanghai has provided strong support for Dow Chemical’s business expansion in China and Asia,” said Jerome Peribere, Dow Chemical executive vice president.