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The Dow Chemical Company : Freeport, Texas Announced as a Site for Dow AgroSciences Major U.S. Asset Investment

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04/19/2012 | 06:04pm CEST
Related to Enlist Weed Control System

FREEPORT, TEXAS - April 19, 2012

Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company (NYSE: DOW), announced today that the Texas Operations site in Freeport, Texas, has been selected as a second site for the company's significant, multi-year asset investment in the United States related to its innovative Enlist™ Weed Control System. The company previously announced the investment will occur in multiple locations, with the company's Midland, Mich., Operations site being the first one announced. The Dow Chemical Company's Freeport site is the largest integrated petrochemical complex in the Northern Hemisphere and employs more than 8,000 people.

Specifically, the investment enables production of the company's proprietary 2,4-D choline which is a key component in Colex-D™ Technology. This technology will be featured in the company's proprietary Enlist Duo™ herbicide, a highly differentiated herbicide solution specifically designed for the Enlist system. The Colex-D Technology package will offer customers significant benefits including ultra-low volatility, minimized potential for drift, decreased odor and improved handling characteristics. Once all regulatory approvals are secured, the Enlist system will provide an innovative combination of herbicides and herbicide-tolerant traits in elite germplasm to meet the emerging weed control challenges facing farmers while sustaining beneficial farming practices.

"The Dow Chemical Company's Texas Operations site is an important location and innovation hub, and we are pleased to have this additional investment in our site for an important product like the Enlist system that is needed by farmers globally as they face increasing weed control challenges," said Earl Shipp, Vice President and Site Director of Dow Texas Operations.

In addition, this investment further enables Dow AgroSciences' global phenoxy herbicide business that provides traditional 2,4-D products to customers in more than 60 countries. The company is a world leader in innovating, developing and producing agricultural products and technologies relied upon by farmers to maximize yield and improve the sustainability of agriculture.

As the company advances the Enlist system, product stewardship remains an important priority. Colex-D Technology will be a key part of a comprehensive stewardship program called Enlist™ Ahead. This program is being developed with extensive input from farmers and other key stakeholders, and is designed to help farmers succeed while promoting responsible use of the Enlist system. Built on a three-pillar foundation, Enlist Ahead will offer farmers, applicators and retailers technology advancements; management recommendations; and education, tools and training.

About Dow AgroSciences

Dow AgroSciences, based in Indianapolis, Indiana, USA, develops leading-edge crop protection and plant biotechnology solutions to meet the challenges of the growing world. Dow AgroSciences is a wholly owned subsidiary of The Dow Chemical Company and had annual global sales of $5.7 billion in 2011. Learn more at www.dowagro.com. Follow Dow AgroSciences on Facebookand YouTubeor subscribe to our News Release RSS Feed.

™Enlist, Enlist Duo and Colex-D are trademarks of Dow AgroSciences LLC. Components of the Enlist Weed Control System have not yet received regulatory approvals; approvals are pending. The information presented is not an offer for sale. Enlist Duo is not yet registered for sale or use as part of the Enlist Weed Control System. Always read and follow label directions. ©2012 Dow AgroSciences LLC

For Editorial Information:

David Winder
The Dow Chemical Company
+1 979 238 7623

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Financials ($)
Sales 2016 46 632 M
EBIT 2016 6 603 M
Net income 2016 4 382 M
Debt 2016 14 277 M
Yield 2016 3,53%
P/E ratio 2016 13,68
P/E ratio 2017 12,64
EV / Sales 2016 1,57x
EV / Sales 2017 1,46x
Capitalization 58 866 M
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Average target price 60,3 $
Spread / Average Target 15%
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Andrew N. Liveris Chairman & Chief Executive Officer
James R. Fitterling President & Chief Operating Officer
Howard I. Ungerleider Vice Chairman & Chief Financial Officer
Attiganal N. Sreeram CTO, Senior VP-Research & Development
Melanie Kalmar Chief Information Officer
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