The Dow Chemical Company : Dow Grows North East Technology Presence with the Establishment of a Research and Development Facility in Suburban Philadelphia
06/28/2012| 01:45pm US/Eastern
Move keeps jobs in Montgomery County; allows for potential growth
The Dow Chemical Company (NYSE: DOW) announced today, an agreement that
will position the nation's largest specialty chemical and advanced
materials company for future growth by locating its North East USA
Technology Center in Collegeville, Pa.
Dow scientists will begin operations next year in a state-of-the-art
research and development facility owned by the pharmaceutical company
Pfizer Inc. Employees at Dow's Spring House, Pa. campus will begin
moving to the new site as early as the first quarter of 2013. It is
estimated that more than 800 jobs will remain in the county as both
Spring House and Collegeville are cities within Montgomery County.
"This premier new location provides Dow's world-class researchers with a
new collaborative and innovation centric space, enhanced capabilities
and best in class tools to create differentiation for our customers,"
said Andrew N. Liveris, Dow's chairman and chief executive officer.
"Establishing operations in Collegeville will allow us to remain
competitive in a global market and continue as a major employer in
Montgomery County, and Pennsylvania."
With over 750,000 square feet of laboratory and office space, the
facility will also have room to accommodate potential job growth in the
future. After conducting a comprehensive feasibility study, Dow
determined this opportunity as the best option to reach research
"This strategy bolsters our company's long-standing commitment to
Pennsylvania by putting our R&D operations on a long-term path forward,"
said Jerome Peribere, executive vice president of The Dow Chemical
Company and president and chief executive officer, Dow Advanced
Materials headquartered in Philadelphia. "We are proud residents of the
Delaware Valley region and look forward to continuing the tradition of
innovation that our company began here more than 40 years ago."
Dow's Spring House location, acquired via the Company's Rohm and Haas
acquisition in 2009, has been a center for strategic research and
development since 1963. From this site, the company's scientists have
invented products ranging from acrylic technology for high-quality latex
paints to water purification products and polymers used in laundry
detergents, shampoo, lotion, and conditioners.
For more information about Dow's presence in the Delaware Valley, visit www.dow.com/delawarevalley.
Dow (NYSE: DOW) combines the power of science and technology to
passionately innovate what is essential to human progress. The Company
connects chemistry and innovation with the principles of sustainability
to help address many of the world's most challenging problems such as
the need for clean water, renewable energy generation and conservation,
and increasing agricultural productivity. Dow's diversified
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
160 countries and in high growth sectors such as electronics, water,
energy, coatings and agriculture. In 2011, Dow had annual sales of $60
billion and employed approximately 52,000 people worldwide. The
Company's more than 5,000 products are manufactured at 197 sites in 36
countries across the globe. 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.
®™Trademark of The Dow Chemical Company ("Dow") or an
affiliated company of Dow
For editorial information:
The Dow Chemical Company
Dow Chemical Company
Nancy Lamb, 989-638-7251
© Business Wire 2012