Dow to Invest in New, Michigan-based Innovation Center, Supporting New R&D Jobs Aligned to U.S. Economic Growth
December 09 2016 - 8:31PM
Business Wire
The Dow Chemical Company (NYSE: DOW) announced today that it
will invest in a new, state-of-the-art innovation center in
Midland, Michigan. The innovation center will support approximately
200 research and development jobs in Michigan, including 100 newly
created jobs while repatriating 100 jobs from other Dow facilities
throughout the globe to Midland. Dow’s Chairman and Chief Executive
Officer Andrew Liveris announced the investment at a Friday event
with U.S. President-elect Donald J. Trump in Grand Rapids,
Michigan.
“This innovation center will add to Dow’s world-class R&D
engine, and could have been located anywhere in the world,” said
Liveris. “We chose Michigan, our home for more than 119 years
because of the highly-skilled workforce in the state and because we
believe the incoming Presidential administration understands the
importance of R&D investment and its multiplier impact on U.S.
manufacturing jobs.”
The new Dow innovation center will be focused on combining
existing chemistries with new technologies derived from its recent
ownership restructuring of Dow Corning’s Silicones business, as
well as future technologies. The center will house scientists and
engineers who will focus R&D efforts on advancing technologies
for home and personal care products, enhancing and broadening Dow’s
energy-saving building technologies, advancing materials for
critical infrastructure, and driving closer partnerships with
automakers as they drive further efforts to light-weight
automobiles and develop hybrid, electric and autonomous
transportation solutions.
“We have some of the smartest, most creative people in the world
working with chemistries that can help solve the world’s most
pressing challenges – from clean water scarcity to the preservation
of food to energy and the environment. Dow is uniquely positioned
to invent the products that will define the solutions of tomorrow –
and then ultimately, to manufacture those solutions right here in
the U.S.,” said Liveris.
The Dow innovation center investment serves as the latest
example of Dow’s long-term commitment to investing and growing in
Michigan’s Great Lakes Bay Region. In the last 10 years, Dow and
its regional development partners, have driven more than $400
million of investment and downtown economic redevelopment in the
Great Lakes Bay Region, home to the company and its nearly 13,000
employees and contractors. Investments include nearly 1 billion sq.
ft. of real estate, including a new global headquarters scheduled
to open in 2017; a new regional airport; a world class hotel and
other accommodations; new, cutting edge STEM schools that are
developing the next generation of chemists, biologists, and
physicists; and more.
Dow has created more than 6,000 jobs in the United States in the
last four years, with a significant portion of that job creation
resulting from manufacturing investments in the U.S. Gulf Coast,
where Dow is currently investing more than $6 billion, which will
result in approximately 500 new Dow jobs while employing
approximately 7,000 workers during peak construction and ultimately
supporting more than 3,500 jobs in the broader U.S. economy.
About Dow
Dow (NYSE: DOW) combines the power of science and technology to
passionately innovate what is essential to human progress. The
Company is driving innovations that extract value from material,
polymer, chemical and biological science to help address many of
the world's most challenging problems such as the need for clean
water, clean energy generation and conservation, and increasing
agricultural productivity. Dow's integrated, market-driven,
industry-leading portfolio of specialty chemical, advanced
materials, agrosciences and plastics businesses delivers a broad
range of technology-based products and solutions to customers in
approximately 180 countries and in high-growth sectors such as
packaging, electronics, water, coatings and agriculture. In 2015,
Dow had annual sales of nearly $49 billion and employed
approximately 49,000 people worldwide. The Company's more than
6,000 product families are manufactured at 179 sites in 35
countries across the globe. On June 1, 2016, Dow became the 100
percent owner of Dow Corning Corporation’s silicones business, a
global company with sales of greater than $4.5 billion in 2015, 25
manufacturing sites in 9 countries and approximately 10,000
employees worldwide. References to "Dow" or the "Company" mean The
Dow Chemical Company and its consolidated subsidiaries unless
otherwise expressly noted. More information about Dow can be found
at www.dow.com.
®TM Trademark of The Dow Chemical Company (“Dow”) or an
affiliated company of Dow
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Dow Public AffairsRachelle
Schikorra989.638.4090ryschikorra@dow.com
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