Dow market sell Sadara’s products

Dow to market and sell Sadara’s products

4:22 AM, 10th October 2012
Dow to market and sell Sadara’s products
Andrew N Liveris, Chairman and CEO, Dow.

MIDLAND, US: The Dow Chemical Company will market and sell the majority of products produced by Sadara Chemical Company, Dow’s joint venture with Saudi Arabian Oil Company (Saudi Aramco). Dow will leverage its global marketing experience and world-class operations to bring Sadara’s high-value performance plastics and specialty chemical products to market in growing regions, particularly geographies where Dow has strong brand recognition and well-established market channels that enable customer growth.

Dow will market and sell from several major product families produced by Sadara’s state-of-the-art world-scale operations. These products will be manufactured utilizing several of Dow’s industry-leading technologies, and made to Dow’s stringent quality specifications. Sadara’s first production units will come on-line in 2015, and all units are expected to be up and running in 2016. Within a few years of becoming fully operational, Sadara is projected to deliver annual revenues of approximately $10 billion.

“This marketing agreement - like the Sadara joint venture as a whole - represents another significant step towards Dow’s ever-expanding global reach, advancing our transformation as we grow with customers locally and globally. This project will literally transform our industry and the petrochemical sector in Saudi Arabia by creating an advanced manufacturing hub that provides a differentiated product slate from a competitive, low-cost position,” said Andrew N Liveris, Chairman and CEO, Dow.

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