SCG-Dow Group Announces Formation of 50/50 Joint Venture to Build Specialty Elastomers Plant in Thailand

Midland, MI - July 23, 2008

SCG-Dow Group, a joint venture of The Dow Chemical Company (Dow) and Siam Cement Group (SCG) announced today that it has established a 50/50 joint venture to begin constructing a specialty elastomers train located in the Asia Industrial Estate in Rayong Province, Thailand.  The specialty elastomers train is expected to commence operations in 2011.

“This joint venture will provide manufacturing capability for plastomers and elastomers in Asia, allowing for greater value growth and participation in the region”, explains Marco Levi, global business director, Dow Elastomers.  Furthermore, Marco states “this new facility will supply customers in the fast-growing region with some of the most technologically advanced plastomers and elastomers in the world, including AFFINITY™ Polyolefin Plastomers and ENGAGE™ Polyolefin Elastomers.  This investment is consistent with Dow’s strategy to invest in our downstream performance businesses and to drive growth in Asia Pacific.” 

The plan to build the specialty elastomers plant was announced last January, 2008.  “We are excited to work with Dow in another joint venture.  Adding specialty products into our product portfolio is in line with our business strategy” states Cholanat Yanaranop, president of SCG Chemicals Company Limited.  This newest venture aligns directly to the goals of each company – to deliver differentiated solutions, which in turn creates value for all our customers.

About SCG-Dow Group

SCG-Dow Group is a joint venture formed in 1987 by The Dow Chemical Company and Siam Cement Group. The Group is comprised of four joint venture companies that manufacture and supply markets across Asia Pacific with a portfolio of products, including styrene monomer; styrene-butadiene latex; polyethylene; polystyrene and compounding products.

About SCG

Siam Cement Group or SCG is Thailand's largest industrial conglomerate with leading market position in each of its core businesses of Chemicals, Cement, Paper, Building Materials, and Distribution.  Siam Cement Group's Chemicals business is one of the leading players in the Asia Pacific region, serving worldwide customers.  Today, SCG through its Chemicals business unit, continues to expand its business presence into international markets and emphasizes on innovation in products/services, processes, and business models to delight its customers.  More information about SCG can be found at http://www.scg.co.th/

About Dow

®™* Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow


For Editorial Information:

Nancy Lamb
The Dow Chemical Company
(989) 638-7251