Plastics News: Dow and Rompetrol Petrochemicals conclude commercial agreement for polyethylene resins

Dow and Rompetrol Petrochemicals conclude commercial agreement for polyethylene resins

Bucharest - April 04, 2006

The Dow Chemical Company (Dow) and Rompetrol Petrochemicals, a member of The Rompetrol Group, announced today an agreement for the manufacture and marketing of low density and high density polyethylene resins (LDPE and HDPE).

Rompetrol Petrochemicals will supply Dow with HDPE (high density polyethylene) and LDPE (low density polyethylene) resins, manufactured according to Dow's high quality standards and quality assessment and control practices over the following 14 years. Annual output is expected to reach 100,000, and deliveries to Dow in the initial phase of the agreement will total up to 60,000 tons per annum.

"This agreement underscores Dow's commitment to secure low-cost opportunities that will strengthen the company's position in key growth regions around the globe. It provides an effective way for our polyethylene business to develop new market opportunities in Eastern Europe, while better supporting a number of key customers throughout the area," said Markus Wildi, president of Dow Europe.

"The agreement leverages the strengths and qualities of the two companies. Dow contributes strong market knowledge, understanding of our valued customers' needs, and world class polyethylene process and product technology. This, combined with Rompetrol's strategic position in Eastern Europe and commitment to invest in petrochemical markets, will support the growth of our customers, particularly in Eastern Europe," Markus Wildi said.

Florin Andrei, CEO of Rompetrol Petrochemicals, considers that the partnership sparks the beginning of a major development age that will allow the company to become a key player in the region.

"We're very eager to commence cooperation with Dow, which offers us the benefit of top quality production standards, and implicitly strengthens our position as a significant supplier to the domestic market and also to markets to which we currently export our polypropylene output," Florin Andrei stated.

Rompetrol Petrochemicals will receive technical support, feedstock, and technical specifications for polymers from its partner. Furthermore, Dow will provide ethylene (polyethylene production feedstock) supplies to Rompetrol Petrochemicals until the Romanian company will start up its pyrolisis installation.

About Dow:
As the leading global supplier of every major polyethylene (PE) resin family worldwide and operator of every major production process, Dow offers a wealth of product and technology solutions, providing customers with an opportunity for potential differentiation, growth and successes in existing and emerging markets around the world.

Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

About Rompetrol:
Rompetrol Petrochemicals is Romania's foremost polypropylene producer, covering 64% of the domestic market. With 80,000 tons output capacity, the petrochemicals plant located at Midia Nǎvodari had a turnover of USD 130 million in 2005, thus enjoying a 28% surge as compared to the previous year. The company produces a wide range of polypropylene grades (for injection and blow moulding, films, monofilaments, fibers and tape grades) and sells own products and a vast array of polymers (PET, LDPE, HDPE).

Rompetrol Petrochemicals is a member company of The Rompetrol Group, Romania's biggest private industrial group, which posted a turnover of USD 2.34 billion in 2005 and conducting operations in 12 countries. Main operations comprise refining and marketing/sales of oil products, with adjacent interests in exploration, production, and further oil industry services such as drilling, constructions, transportation, etc. The group aims at becoming a leading integrated oil company in the region and to gain a strong position in the Black Sea basin. More info about The Rompetrol Group or Rompetrol Petrochemicals can be found at www.rompetrol.com.

® Trademark of The Dow Chemical Company

For Editorial Information:

Shanna Wendt
The Dow Chemical Company
+ 41 44 728 2082

Luiza Şarpe
+ 40 21 30 774 03
luiza.sarpe@rompetrol.com


Asia-Pacific Europe, Middle East and Africa Latin America Español Português North America About Dow's Plastics Portfolio News Center Related Plastics Sites Joint Ventures Medical Policy Plastics Home	Dow and Rompetrol Petrochemicals conclude commercial agreement for polyethylene resins Bucharest - April 04, 2006 The Dow Chemical Company (Dow) and Rompetrol Petrochemicals, a member of The Rompetrol Group, announced today an agreement for the manufacture and marketing of low density and high density polyethylene resins (LDPE and HDPE). Rompetrol Petrochemicals will supply Dow with HDPE (high density polyethylene) and LDPE (low density polyethylene) resins, manufactured according to Dow's high quality standards and quality assessment and control practices over the following 14 years. Annual output is expected to reach 100,000, and deliveries to Dow in the initial phase of the agreement will total up to 60,000 tons per annum. "This agreement underscores Dow's commitment to secure low-cost opportunities that will strengthen the company's position in key growth regions around the globe. It provides an effective way for our polyethylene business to develop new market opportunities in Eastern Europe, while better supporting a number of key customers throughout the area," said Markus Wildi, president of Dow Europe. "The agreement leverages the strengths and qualities of the two companies. Dow contributes strong market knowledge, understanding of our valued customers' needs, and world class polyethylene process and product technology. This, combined with Rompetrol's strategic position in Eastern Europe and commitment to invest in petrochemical markets, will support the growth of our customers, particularly in Eastern Europe," Markus Wildi said. Florin Andrei, CEO of Rompetrol Petrochemicals, considers that the partnership sparks the beginning of a major development age that will allow the company to become a key player in the region. "We're very eager to commence cooperation with Dow, which offers us the benefit of top quality production standards, and implicitly strengthens our position as a significant supplier to the domestic market and also to markets to which we currently export our polypropylene output," Florin Andrei stated. Rompetrol Petrochemicals will receive technical support, feedstock, and technical specifications for polymers from its partner. Furthermore, Dow will provide ethylene (polyethylene production feedstock) supplies to Rompetrol Petrochemicals until the Romanian company will start up its pyrolisis installation. About Dow: As the leading global supplier of every major polyethylene (PE) resin family worldwide and operator of every major production process, Dow offers a wealth of product and technology solutions, providing customers with an opportunity for potential differentiation, growth and successes in existing and emerging markets around the world. Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. About Rompetrol: Rompetrol Petrochemicals is Romania's foremost polypropylene producer, covering 64% of the domestic market. With 80,000 tons output capacity, the petrochemicals plant located at Midia Nǎvodari had a turnover of USD 130 million in 2005, thus enjoying a 28% surge as compared to the previous year. The company produces a wide range of polypropylene grades (for injection and blow moulding, films, monofilaments, fibers and tape grades) and sells own products and a vast array of polymers (PET, LDPE, HDPE). Rompetrol Petrochemicals is a member company of The Rompetrol Group, Romania's biggest private industrial group, which posted a turnover of USD 2.34 billion in 2005 and conducting operations in 12 countries. Main operations comprise refining and marketing/sales of oil products, with adjacent interests in exploration, production, and further oil industry services such as drilling, constructions, transportation, etc. The group aims at becoming a leading integrated oil company in the region and to gain a strong position in the Black Sea basin. More info about The Rompetrol Group or Rompetrol Petrochemicals can be found at www.rompetrol.com. ® Trademark of The Dow Chemical Company For Editorial Information: Shanna Wendt The Dow Chemical Company + 41 44 728 2082 Luiza Şarpe + 40 21 30 774 03 luiza.sarpe@rompetrol.com
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